Sit International Equity Fund Market Value
| SEITX Fund | USD 12.54 0.09 0.72% |
| Symbol | Sit |
Sit International '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 International'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 International.
| 09/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sit International on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sit International Equity or generate 0.0% return on investment in Sit International over 60 days. Sit International is related to or competes with Queens Road, Hennessy Cornerstone, Heartland Value, Fpa Queens, Lord Abbett, Vanguard Small-cap, and Columbia Small. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities More
Sit International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.03 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.05 |
Sit International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit International's standard deviation. In reality, there are many statistical measures that can use Sit International historical prices to predict the future Sit International's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 1.92 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sit International's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Sit International Equity Backtested Returns
Sit International Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0867, which indicates the fund had a -0.0867% return per unit of risk over the last 3 months. Sit International Equity exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sit International's Risk Adjusted Performance of (0.07), coefficient of variation of (1,159), and Variance of 0.4713 to confirm the risk estimate we provide. The entity has a beta of -0.036, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sit International are expected to decrease at a much lower rate. During the bear market, Sit International is likely to outperform the market.
Auto-correlation | 0.74 |
Good predictability
Sit International Equity has good predictability. Overlapping area represents the amount of predictability between Sit International time series from 28th of September 2024 to 28th of October 2024 and 28th of October 2024 to 27th 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 International Equity price movement. The serial correlation of 0.74 indicates that around 74.0% of current Sit International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Sit International Equity lagged returns against current returns
Autocorrelation, which is Sit International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Sit International returns to help us make a trade decision. For example, suppose you find that Sit International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit International Lagged Returns
When evaluating Sit International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit International mutual fund have on its future price. Sit International 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 International autocorrelation shows the relationship between Sit International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit International Equity.
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 International 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 International security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |