Sit Tax-free Valuation
| SNTYX Fund | USD 8.85 0.02 0.23% |
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.
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: About Sit Tax-free Valuation
Our relative valuation model uses a comparative analysis of Sit Tax-free. We calculate exposure to Sit Tax-free's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Sit Tax-free's related companies.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.
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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