Sit Tax Free Income Fund Market Value
| SNTYX Fund | USD 8.87 0.02 0.23% |
| Symbol | Sit |
Sit Tax-free '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 Tax-free'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 Tax-free.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sit Tax-free on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Sit Tax Free Income or generate 0.0% return on investment in Sit Tax-free over 180 days. Sit Tax-free is related to or competes with Kinetics Small, Vanguard Growth, T Rowe, Growth Opportunities, Small Pany, Nationwide Growth, and Champlain Mid. The fund seeks to achieve its objective by investing primarily in municipal securities that generate interest income tha... More
Sit Tax-free 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 Tax-free'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 Tax Free Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5059 | |||
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 1.72 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.4598 |
Sit Tax-free Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Tax-free's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Tax-free's standard deviation. In reality, there are many statistical measures that can use Sit Tax-free historical prices to predict the future Sit Tax-free's volatility.| Risk Adjusted Performance | 0.0822 | |||
| Jensen Alpha | 0.0394 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sit Tax-free'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 Tax Free Backtested Returns
At this stage we consider Sit Mutual Fund to be very steady. Sit Tax Free owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sit Tax Free Income, which you can use to evaluate the volatility of the fund. Please validate Sit Tax-free's Semi Deviation of 0.2292, coefficient of variation of 770.78, and Risk Adjusted Performance of 0.0822 to confirm if the risk estimate we provide is consistent with the expected return of 0.0306%. The entity has a beta of -0.0992, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sit Tax-free are expected to decrease at a much lower rate. During the bear market, Sit Tax-free is likely to outperform the market.
Auto-correlation | 0.13 |
Insignificant predictability
Sit Tax Free Income has insignificant predictability. Overlapping area represents the amount of predictability between Sit Tax-free time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Tax Free price movement. The serial correlation of 0.13 indicates that less than 13.0% of current Sit Tax-free price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sit Tax Free lagged returns against current returns
Autocorrelation, which is Sit Tax-free 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 Tax-free's mutual fund expected returns. We can calculate the autocorrelation of Sit Tax-free returns to help us make a trade decision. For example, suppose you find that Sit Tax-free 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 Tax-free 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 Tax-free mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Tax-free 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 Tax-free mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Tax-free Lagged Returns
When evaluating Sit Tax-free's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Tax-free mutual fund have on its future price. Sit Tax-free 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 Tax-free autocorrelation shows the relationship between Sit Tax-free mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Tax Free Income.
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 Tax-free 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 Tax-free security.
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