Sit Tax Free Income Fund Manager Performance Evaluation
| SNTYX Fund | USD 8.85 0.02 0.23% |
The entity has a beta of -0.096, 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.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Sit Tax Free Income are ranked lower than 7 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly strong basic indicators, Sit Tax-free is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
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Sit |
Sit Tax-free Relative Risk vs. Return Landscape
If you would invest 870.00 in Sit Tax Free Income on August 30, 2024 and sell it today you would earn a total of 15.00 from holding Sit Tax Free Income or generate 1.72% return on investment over 90 days. Sit Tax Free Income is currently producing 0.0275% returns and takes up 0.2834% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Sit, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Sit Tax-free Current Valuation
Overvalued
Today
Please note that Sit Tax-free's price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Sit Tax Free has a current Real Value of $8.37 per share. The regular price of the fund is $8.85. We determine the value of Sit Tax Free from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Sit Tax-free is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Sit Mutual Fund. However, Sit Tax-free's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 8.85 | Real 8.37 | Hype 8.83 | Naive 8.82 |
The intrinsic value of Sit Tax-free's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Sit Tax-free's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Sit Tax Free Income helps investors to forecast how Sit mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Sit Tax-free more accurately as focusing exclusively on Sit Tax-free's fundamentals will not take into account other important factors: Sit Tax-free Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Tax-free's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Sit Tax Free Income, and traders can use it to determine the average amount a Sit Tax-free's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0972
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SNTYX |
Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Sit Tax-free is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sit Tax-free by adding it to a well-diversified portfolio.
Sit Tax-free Fundamentals Growth
Sit Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Sit Tax-free, and Sit Tax-free fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Sit Mutual Fund performance.
| Total Asset | 396.41 M | |||
About Sit Tax-free Performance
Evaluating Sit Tax-free's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Sit Tax-free has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Sit Tax-free has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund seeks to achieve its objective by investing primarily in municipal securities that generate interest income that is exempt from regular federal income tax. It invests 100 percent of its net assets in such tax-exempt municipal securities. Municipal securities are debt obligations issued by or for U.S. states, territories, and possessions and the District of Columbia, and their political subdivisions, agencies, and instrumentalities.Things to note about Sit Tax Free performance evaluation
Checking the ongoing alerts about Sit Tax-free for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Sit Tax Free help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains about 95.08% of its assets in bonds |
- Analyzing Sit Tax-free's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Sit Tax-free's stock is overvalued or undervalued compared to its peers.
- Examining Sit Tax-free's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Sit Tax-free's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Sit Tax-free's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Sit Tax-free's mutual fund. These opinions can provide insight into Sit Tax-free's potential for growth and whether the stock is currently undervalued or overvalued.
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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