Sit Tax Free Income Fund Price on September 19, 2024
| SNTIX Fund | USD 8.87 0.02 0.23% |
Below is the normalized historical share price chart for Sit Tax Free Income extending back to May 08, 1990. 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 Tax-free stands at 8.87, as last reported on the 30th of November, with the highest price reaching 8.87 and the lowest price hitting 8.87 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 Tax Free 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 Tax Free Income, which you can use to evaluate the volatility of the fund. Please validate Sit Tax-free's Risk Adjusted Performance of 0.0784, semi deviation of 0.2232, and Coefficient Of Variation of 798.0 to confirm if the risk estimate we provide is consistent with the expected return of 0.0306%.
Sit Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Sit |
Sharpe Ratio = 0.1086
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| Negative Returns | SNTIX |
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 Tax-free 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 Tax-free by adding it to a well-diversified portfolio.
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Sit Tax-free Valuation on September 19, 2024
It is possible to determine the worth of Sit Tax-free on a given historical date. On September 19, 2024 Sit was worth 8.77 at the beginning of the trading date compared to the closed value of 8.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sit Tax-free mutual fund. Still, in general, we apply an absolute valuation method to find Sit Tax-free'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 Tax-free where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sit Tax-free's related companies.
| Open | High | Low | Close | Volume | |
| 8.78 | 8.78 | 8.78 | 8.78 | 1.00 | |
09/19/2024 | 8.77 | 8.77 | 8.77 | 8.77 | 1.00 |
| 8.77 | 8.77 | 8.77 | 8.77 | 1.00 |
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Sit Tax-free Trading Date Momentum on September 19, 2024
| On September 20 2024 Sit Tax Free Income was traded for 8.77 at the closing time. The highest daily price throughout the period was 8.77 and the lowest price was 8.77 . There was no trading activity during the period 1.0. Lack of trading volume on 09/20/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.80% . |
Sit Tax Free Fundamentals Correlations and Trends
By evaluating Sit Tax-free'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 Tax-free'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 Tax-free Mutual Fund history
Sit Tax-free 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 Tax Free 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 Tax-free stock prices may prove useful in developing a viable investing in Sit Tax-free
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. It invests 100 percent of its net assets in such tax-exempt municipal securities. Municipal securities are debt obligations issued by or for U.S. states, territories, and possessions and the District of Columbia, and their political subdivisions, agencies, and instrumentalities.
Sit Tax-free Mutual Fund Technical Analysis
Sit Tax-free 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 Tax-free Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Sit Tax Free Income 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 Tax-free November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Sit Tax-free 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 Tax-free shares will generate the highest return on investment. By undertsting and applying Sit Tax-free mutual fund market strength indicators, traders can identify Sit Tax Free Income entry and exit signals to maximize returns
Sit Tax-free Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sit Tax-free'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 | 0.0784 | |||
| Jensen Alpha | 0.0389 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | (0.23) |
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Other Information on Investing in Sit Mutual Fund
Sit Tax-free 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 Tax-free security.
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