Sit Mid Cap Fund Market Value
| NBNGX Fund | USD 24.82 0.09 0.36% |
| Symbol | Sit |
Sit Mid 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Sit Mid's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Sit Mid.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in Sit Mid on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding Sit Mid Cap or generate 0.0% return on investment in Sit Mid over 30 days. Sit Mid is related to or competes with Locorr Market, Calvert Developed, Alphacentric Hedged, Barings Emerging, Delaware Limited, and Saat Market. The fund normally invests at least 80 percent of its net assets in common stocks that, at the time of purchase, have mar... More
Sit Mid Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Sit Mid's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Sit Mid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 7.33 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.52 |
Sit Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Mid's standard deviation. In reality, there are many statistical measures that can use Sit Mid historical prices to predict the future Sit Mid's volatility.| Risk Adjusted Performance | 0.035 | |||
| Jensen Alpha | 0.0393 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (4.09) |
Sit Mid Cap Backtested Returns
At this stage we consider Sit Mutual Fund to be very steady. Sit Mid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0359, which indicates the fund had a 0.0359 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sit Mid Cap, which you can use to evaluate the volatility of the fund. Please validate Sit Mid's Semi Deviation of 1.66, coefficient of variation of 2646.97, and Risk Adjusted Performance of 0.035 to confirm if the risk estimate we provide is consistent with the expected return of 0.0474%. The entity has a beta of -0.0094, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sit Mid are expected to decrease at a much lower rate. During the bear market, Sit Mid is likely to outperform the market.
Auto-correlation | -0.01 |
Very weak reverse predictability
Sit Mid Cap has very weak reverse predictability. Overlapping area represents the amount of predictability between Sit Mid time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Sit Mid Cap price movement. The serial correlation of -0.01 indicates that just 1.0% of current Sit Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Sit Mid Cap lagged returns against current returns
Autocorrelation, which is Sit Mid mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Sit Mid's mutual fund expected returns. We can calculate the autocorrelation of Sit Mid returns to help us make a trade decision. For example, suppose you find that Sit Mid has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Sit Mid regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Sit Mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sit Mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Mid Lagged Returns
When evaluating Sit Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Mid mutual fund have on its future price. Sit Mid autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Sit Mid autocorrelation shows the relationship between Sit Mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Mid Cap.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Sit Mutual Fund
Sit Mid 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 Mid security.
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