Sit Balanced Fund Market Value
| SIBAX Fund | USD 35.77 0.05 0.14% |
| Symbol | Sit |
Sit Balanced '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 Balanced'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 Balanced.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Sit Balanced on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Sit Balanced Fund or generate 0.0% return on investment in Sit Balanced over 30 days. Sit Balanced is related to or competes with Value Line, Sit Large, Sit Small, Plumb Balanced, and Sit International. The fund invests between 35 percent and 65 percent of its assets in common stocks and between 35 percent and 65 percent ... More
Sit Balanced 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 Balanced'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 Balanced Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.626 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.77 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.92 |
Sit Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Balanced's standard deviation. In reality, there are many statistical measures that can use Sit Balanced historical prices to predict the future Sit Balanced's volatility.| Risk Adjusted Performance | 0.0676 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0792 |
Sit Balanced Backtested Returns
At this stage we consider Sit Mutual Fund to be very steady. Sit Balanced owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0808, which indicates the fund had a 0.0808% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sit Balanced Fund, which you can use to evaluate the volatility of the fund. Please validate Sit Balanced's Risk Adjusted Performance of 0.0676, coefficient of variation of 1084.56, and Semi Deviation of 0.5058 to confirm if the risk estimate we provide is consistent with the expected return of 0.0466%. The entity has a beta of 0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sit Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sit Balanced is expected to be smaller as well.
Auto-correlation | -0.05 |
Very weak reverse predictability
Sit Balanced Fund has very weak reverse predictability. Overlapping area represents the amount of predictability between Sit Balanced time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 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 Balanced price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Sit Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Sit Balanced lagged returns against current returns
Autocorrelation, which is Sit Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Sit Balanced returns to help us make a trade decision. For example, suppose you find that Sit Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Balanced 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 Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Balanced Lagged Returns
When evaluating Sit Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Balanced mutual fund have on its future price. Sit Balanced 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 Balanced autocorrelation shows the relationship between Sit Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Balanced Fund.
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 Balanced 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 Balanced security.
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