Sit Mutual Funds Fund Market Value
| SQIYX Fund | USD 9.50 0.02 0.21% |
| Symbol | Sit |
Sit Mutual '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 Mutual'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 Mutual.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in Sit Mutual on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Sit Mutual Funds or generate 0.0% return on investment in Sit Mutual over 180 days. Sit Mutual is related to or competes with Gabelli Global, Rmb Mendon, Davis Financial, and Voya Government. The fund seeks to achieve its objective by investing under normal market conditions at least 80 percent of its assets in... More
Sit Mutual 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 Mutual'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 Mutual Funds upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1694 | |||
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 0.9505 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.4233 |
Sit Mutual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Mutual's standard deviation. In reality, there are many statistical measures that can use Sit Mutual historical prices to predict the future Sit Mutual's volatility.| Risk Adjusted Performance | 0.0327 | |||
| Jensen Alpha | 0.006 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.50) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sit Mutual'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 Mutual Funds Backtested Returns
At this stage we consider Sit Mutual Fund to be very steady. Sit Mutual Funds owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0645, which indicates the fund had a 0.0645 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Sit Mutual Funds, which you can use to evaluate the volatility of the fund. Please validate Sit Mutual's Standard Deviation of 0.1669, downside deviation of 0.1694, and Risk Adjusted Performance of 0.0327 to confirm if the risk estimate we provide is consistent with the expected return of 0.0107%. The entity has a beta of -0.0161, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sit Mutual are expected to decrease at a much lower rate. During the bear market, Sit Mutual is likely to outperform the market.
Auto-correlation | 0.32 |
Below average predictability
Sit Mutual Funds has below average predictability. Overlapping area represents the amount of predictability between Sit Mutual time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 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 Mutual Funds price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Sit Mutual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sit Mutual Funds lagged returns against current returns
Autocorrelation, which is Sit Mutual 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 Mutual's mutual fund expected returns. We can calculate the autocorrelation of Sit Mutual returns to help us make a trade decision. For example, suppose you find that Sit Mutual 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 Mutual 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 Mutual mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Mutual 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 Mutual mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Mutual Lagged Returns
When evaluating Sit Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Mutual mutual fund have on its future price. Sit Mutual 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 Mutual autocorrelation shows the relationship between Sit Mutual mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Mutual Funds.
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 Mutual 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 Mutual security.
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