Sit Developing Markets Fund Market Value
| SDMGX Fund | USD 17.80 0.01 0.06% |
| 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.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Sit Developing on December 5, 2022 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 Sit Small, Sit Global, Sit Global, Sit Small, Sit Small, Sit Dividend, and Sit Dividend. 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.
| Downside Deviation | 1.2 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 1.86 |
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 | 0.0466 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0986 |
Sit Developing Markets Backtested Returns
At this stage we consider SIT Mutual Fund to be very steady. Sit Developing Markets owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0477, which indicates the fund had a 0.0477% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sit Developing Markets, which you can use to evaluate the volatility of the fund. Please validate Sit Developing's Risk Adjusted Performance of 0.0466, semi deviation of 1.0, and Coefficient Of Variation of 1758.29 to confirm if the risk estimate we provide is consistent with the expected return of 0.0525%. The entity has a beta of 0.53, 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 | -0.44 |
Modest reverse predictability
Sit Developing Markets has modest reverse predictability. Overlapping area represents the amount of predictability between Sit Developing time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th of November 2024. 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 -0.44 indicates that just about 44.0% of current Sit Developing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
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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