Sit Government Securities Fund Market Value
| SNGYX Fund | USD 10.21 0.06 0.59% |
| Symbol | Sit |
Sit Us '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 Us' 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 Us.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Sit Us on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Sit Government Securities or generate 0.0% return on investment in Sit Us over 30 days. Sit Us is related to or competes with Fidelity Sai, Absolute Convertible, Virtus Convertible, and Lord Abbett. The fund invests exclusively in U.S. government securities, which are securities issued, guaranteed or insured by the U.... More
Sit Us 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 Us' 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 Government Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2152 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.18 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.3953 |
Sit Us Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Us' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Us' standard deviation. In reality, there are many statistical measures that can use Sit Us historical prices to predict the future Sit Us' volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 1.83 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sit Us' 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 Government Securities Backtested Returns
At this stage we consider Sit Mutual Fund to be very steady. Sit Government Securities owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0463, which indicates the fund had a 0.0463 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sit Government Securities, which you can use to evaluate the volatility of the fund. Please validate Sit Us' Risk Adjusted Performance of (0.01), semi deviation of 0.1661, and Coefficient Of Variation of 4716.91 to confirm if the risk estimate we provide is consistent with the expected return of 0.0116%. The entity has a beta of -0.0029, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sit Us are expected to decrease at a much lower rate. During the bear market, Sit Us is likely to outperform the market.
Auto-correlation | -0.37 |
Poor reverse predictability
Sit Government Securities has poor reverse predictability. Overlapping area represents the amount of predictability between Sit Us time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Government Securities price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Sit Us price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sit Government Securities lagged returns against current returns
Autocorrelation, which is Sit Us 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 Us' mutual fund expected returns. We can calculate the autocorrelation of Sit Us returns to help us make a trade decision. For example, suppose you find that Sit Us 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 Us 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 Us mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Us 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 Us mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Us Lagged Returns
When evaluating Sit Us' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Us mutual fund have on its future price. Sit Us 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 Us autocorrelation shows the relationship between Sit Us mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Government Securities.
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 Us 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 Us security.
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