Sit Small Cap Fund Market Value
| SSMGX Fund | USD 67.85 0.53 0.78% |
| Symbol | Sit |
Sit Small '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 Small'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 Small.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in Sit Small on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding Sit Small Cap or generate 0.0% return on investment in Sit Small over 180 days. Sit Small is related to or competes with Pace High, Barings Us, Massmutual Premier, Calamos High, Artisan High, Lgm Risk, and The Hartford. The fund seeks to achieve its objective by investing, under normal market conditions, at least 80 percent of its net ass... More
Sit Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.76 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 1.84 |
Sit Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Small's standard deviation. In reality, there are many statistical measures that can use Sit Small historical prices to predict the future Sit Small's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.06) |
Sit Small Cap Backtested Returns
Sit Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0379, which indicates the fund had a -0.0379 % return per unit of risk over the last 3 months. Sit Small Cap exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sit Small's Risk Adjusted Performance of (0.02), variance of 1.8, and Coefficient Of Variation of (3,701) to confirm the risk estimate we provide. The entity has a beta of 0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sit Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sit Small is expected to be smaller as well.
Auto-correlation | -0.69 |
Very good reverse predictability
Sit Small Cap has very good reverse predictability. Overlapping area represents the amount of predictability between Sit Small 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 Small Cap price movement. The serial correlation of -0.69 indicates that around 69.0% of current Sit Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 8.93 |
Sit Small Cap lagged returns against current returns
Autocorrelation, which is Sit Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Sit Small returns to help us make a trade decision. For example, suppose you find that Sit Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Small Lagged Returns
When evaluating Sit Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Small mutual fund have on its future price. Sit Small 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 Small autocorrelation shows the relationship between Sit Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Small Cap.
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 Small 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 Small security.
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Global Correlations Find global opportunities by holding instruments from different markets |