Sit Developing Markets Fund Market Value
| SDMGX Fund | USD 17.24 0.14 0.82% |
| Symbol | Sit |
Sit Developing '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 Developing'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 Developing.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in Sit Developing on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding Sit Developing Markets or generate 0.0% return on investment in Sit Developing over 720 days. Sit Developing is related to or competes with Putnman Retirement, Retirement Living, Blackrock Moderate, Transamerica Cleartrack, and Franklin Lifesmart. The fund normally invests at least 80 percent of its net assets in common stocks of companies domiciled or operating in ... More
Sit Developing 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 Developing'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 Developing Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 5.88 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.21 |
Sit Developing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Developing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Developing's standard deviation. In reality, there are many statistical measures that can use Sit Developing historical prices to predict the future Sit Developing's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.25) |
Sit Developing Markets Backtested Returns
Sit Developing Markets owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0673, which indicates the fund had a -0.0673 % return per unit of risk over the last 3 months. Sit Developing Markets exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sit Developing's Risk Adjusted Performance of (0.05), variance of 1.09, and Coefficient Of Variation of (1,487) to confirm the risk estimate we provide. The entity has a beta of 0.32, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sit Developing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sit Developing is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
Sit Developing Markets has modest reverse predictability. Overlapping area represents the amount of predictability between Sit Developing time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 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 Developing Markets price movement. The serial correlation of -0.46 indicates that about 46.0% of current Sit Developing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Sit Developing Markets lagged returns against current returns
Autocorrelation, which is Sit Developing 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 Developing's mutual fund expected returns. We can calculate the autocorrelation of Sit Developing returns to help us make a trade decision. For example, suppose you find that Sit Developing 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 Developing 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 Developing mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Developing 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 Developing mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Developing Lagged Returns
When evaluating Sit Developing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Developing mutual fund have on its future price. Sit Developing 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 Developing autocorrelation shows the relationship between Sit Developing mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Developing Markets.
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 Developing 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 Developing security.
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