Sit Minnesota Tax Free Fund Market Value
| SMTFX Fund | USD 9.62 0.02 0.21% |
| Symbol | Sit |
Sit Minnesota '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 Minnesota'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 Minnesota.
| 09/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Sit Minnesota on September 27, 2024 and sell it all today you would earn a total of 0.00 from holding Sit Minnesota Tax Free or generate 0.0% return on investment in Sit Minnesota over 60 days. Sit Minnesota is related to or competes with Sit Small, Sit Global, Sit Global, Sit Small, Sit Dividend, Sit Dividend, and Sit Esg. The fund seeks to achieve its objective by investing primarily in municipal securities that generate interest income tha... More
Sit Minnesota 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 Minnesota'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 Minnesota Tax Free upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4357 | |||
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 1.79 | |||
| Value At Risk | (0.41) | |||
| Potential Upside | 0.3178 |
Sit Minnesota Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Minnesota's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Minnesota's standard deviation. In reality, there are many statistical measures that can use Sit Minnesota historical prices to predict the future Sit Minnesota's volatility.| Risk Adjusted Performance | 0.0494 | |||
| Jensen Alpha | 0.026 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | (0.14) |
Sit Minnesota Tax Backtested Returns
At this stage we consider Sit Mutual Fund to be very steady. Sit Minnesota Tax owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sit Minnesota Tax Free, which you can use to evaluate the volatility of the fund. Please validate Sit Minnesota's Risk Adjusted Performance of 0.0494, coefficient of variation of 1138.39, and Semi Deviation of 0.2426 to confirm if the risk estimate we provide is consistent with the expected return of 0.0282%. The entity has a beta of -0.0996, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sit Minnesota are expected to decrease at a much lower rate. During the bear market, Sit Minnesota is likely to outperform the market.
Auto-correlation | -0.56 |
Good reverse predictability
Sit Minnesota Tax Free has good reverse predictability. Overlapping area represents the amount of predictability between Sit Minnesota time series from 27th of September 2024 to 27th of October 2024 and 27th of October 2024 to 26th 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 Minnesota Tax price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current Sit Minnesota price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sit Minnesota Tax lagged returns against current returns
Autocorrelation, which is Sit Minnesota 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 Minnesota's mutual fund expected returns. We can calculate the autocorrelation of Sit Minnesota returns to help us make a trade decision. For example, suppose you find that Sit Minnesota 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 Minnesota 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 Minnesota mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Minnesota 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 Minnesota mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Minnesota Lagged Returns
When evaluating Sit Minnesota's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Minnesota mutual fund have on its future price. Sit Minnesota 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 Minnesota autocorrelation shows the relationship between Sit Minnesota mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Minnesota Tax Free.
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 Minnesota 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 Minnesota security.
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