Sit Minnesota Tax Free Fund Price on November 30, 2024
| SMTFX Fund | USD 9.67 0.02 0.21% |
Below is the normalized historical share price chart for Sit Minnesota Tax Free extending back to July 01, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Sit Minnesota stands at 9.67, as last reported on the 1st of December, with the highest price reaching 9.67 and the lowest price hitting 9.67 during the day.
If you're considering investing in SIT Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider SIT Mutual Fund to be very steady. Sit Minnesota Tax owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sit Minnesota Tax Free, which you can use to evaluate the volatility of the fund. Please validate Sit Minnesota's Coefficient Of Variation of 783.58, risk adjusted performance of 0.0799, and Semi Deviation of 0.234 to confirm if the risk estimate we provide is consistent with the expected return of 0.0297%.
SIT Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
SIT |
Sharpe Ratio = 0.107
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| Negative Returns | SMTFX |
Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Sit Minnesota is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sit Minnesota by adding it to a well-diversified portfolio.
Sit Minnesota Valuation on November 30, 2024
It is possible to determine the worth of Sit Minnesota on a given historical date. On November 30, 2024 SIT was worth 9.67 at the beginning of the trading date compared to the closed value of 9.67. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sit Minnesota mutual fund. Still, in general, we apply an absolute valuation method to find Sit Minnesota's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sit Minnesota where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sit Minnesota's related companies.
| Open | High | Low | Close | Volume | |
| 9.65 | 9.65 | 9.65 | 9.65 | 1.00 | |
11/29/2024 | 9.67 | 9.67 | 9.67 | 9.67 | 1.00 |
| 9.67 | 9.67 | 9.67 | 9.67 | 0.00 |
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Sit Minnesota Trading Date Momentum on November 30, 2024
| On December 01 2024 Sit Minnesota Tax Free was traded for 9.67 at the closing time. The highest daily price throughout the period was 9.67 and the lowest price was 9.67 . There was no trading activity during the period 0.0. Lack of trading volume on 12/01/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.00% . |
Sit Minnesota Tax Fundamentals Correlations and Trends
By evaluating Sit Minnesota's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Sit Minnesota's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. SIT financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Sit Minnesota Mutual Fund history
Sit Minnesota investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for SIT is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sit Minnesota Tax will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sit Minnesota stock prices may prove useful in developing a viable investing in Sit Minnesota
The fund seeks to achieve its objective by investing primarily in municipal securities that generate interest income that is exempt from regular federal income tax and Minnesota regular personal income tax. It invests 100 percent of its net assets in such tax-exempt municipal securities. It is non-diversified.
Sit Minnesota Mutual Fund Technical Analysis
Sit Minnesota technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Sit Minnesota Period Price Range
Low | December 1, 2024
| High |
0.00 | 0.00 |
Sit Minnesota Tax Free cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Sit Minnesota December 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Sit Minnesota mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sit Minnesota shares will generate the highest return on investment. By undertsting and applying Sit Minnesota mutual fund market strength indicators, traders can identify Sit Minnesota Tax Free entry and exit signals to maximize returns
Sit Minnesota Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sit Minnesota's price direction in advance. Along with the technical and fundamental analysis of SIT Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of SIT to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0799 | |||
| Jensen Alpha | 0.0383 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | (0.25) |
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Other Information on Investing in SIT Mutual Fund
Sit Minnesota financial ratios help investors to determine whether SIT Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SIT with respect to the benefits of owning Sit Minnesota security.
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