Sit Global Dividend Fund Market Value
| GDGSX Fund | USD 28.68 0.05 0.17% |
| Symbol | Sit |
Sit Global '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 Global'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 Global.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Sit Global on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Sit Global Dividend or generate 0.0% return on investment in Sit Global over 30 days. Sit Global is related to or competes with Sit Small, Sit Global, Sit Small, Sit Small, Sit Developing, and Sit Dividend. The fund invests at least 80 percent of its net assets in dividend-paying common stocks issued by U.S More
Sit Global 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 Global'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 Global Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7901 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.19 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.02 |
Sit Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Global's standard deviation. In reality, there are many statistical measures that can use Sit Global historical prices to predict the future Sit Global's volatility.| Risk Adjusted Performance | 0.0353 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.033 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sit Global'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 Global Dividend Backtested Returns
At this stage we consider Sit Mutual Fund to be very steady. Sit Global Dividend 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 Global Dividend, which you can use to evaluate the volatility of the fund. Please validate Sit Global's Coefficient Of Variation of 2111.22, risk adjusted performance of 0.0353, and Semi Deviation of 0.7538 to confirm if the risk estimate we provide is consistent with the expected return of 0.0747%. The entity has a beta of 0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sit Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sit Global is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
Sit Global Dividend has insignificant predictability. Overlapping area represents the amount of predictability between Sit Global time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 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 Global Dividend price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Sit Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Sit Global Dividend lagged returns against current returns
Autocorrelation, which is Sit Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Sit Global returns to help us make a trade decision. For example, suppose you find that Sit Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Global Lagged Returns
When evaluating Sit Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Global mutual fund have on its future price. Sit Global 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 Global autocorrelation shows the relationship between Sit Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Global Dividend.
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 Global 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 Global security.
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