Sit International Equity Fund Market Value

SEFCX Fund  USD 12.74  0.08  0.62%   
Sit International's market value is the price at which a share of Sit International trades on a public exchange. It measures the collective expectations of Sit International Equity investors about its performance. Sit International is trading at 12.74 as of the 15th of December 2024; that is 0.62% down since the beginning of the trading day. The fund's open price was 12.82.
With this module, you can estimate the performance of a buy and hold strategy of Sit International Equity and determine expected loss or profit from investing in Sit International over a given investment horizon. Check out Sit International Correlation, Sit International Volatility and Sit International Alpha and Beta module to complement your research on Sit International.
Symbol

Please note, there is a significant difference between Sit International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sit International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sit International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Sit International '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 International'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 International.
0.00
11/15/2024
No Change 0.00  0.0 
In 31 days
12/15/2024
0.00
If you would invest  0.00  in Sit International on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sit International Equity or generate 0.0% return on investment in Sit International over 30 days. Sit International is related to or competes with Simt Multi, Saat Market, Simt Real, Simt Small, Siit Screened, Saat Aggressive, and Saat Aggressive. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities More

Sit International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.

Sit International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit International's standard deviation. In reality, there are many statistical measures that can use Sit International historical prices to predict the future Sit International's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sit International'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.
Hype
Prediction
LowEstimatedHigh
12.0512.7413.43
Details
Intrinsic
Valuation
LowRealHigh
12.1112.8013.49
Details
Naive
Forecast
LowNextHigh
12.1312.8213.51
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
12.7012.8412.99
Details

Sit International Equity Backtested Returns

Sit International Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0331, which indicates the fund had a -0.0331% return per unit of risk over the last 3 months. Sit International Equity exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sit International's Variance of 0.4839, insignificant risk adjusted performance, and Coefficient Of Variation of (19,593) to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sit International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sit International is expected to be smaller as well.

Auto-correlation

    
  -0.57  

Good reverse predictability

Sit International Equity has good reverse predictability. Overlapping area represents the amount of predictability between Sit International time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 International Equity price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Sit International price fluctuation can be explain by its past prices.
Correlation Coefficient-0.57
Spearman Rank Test-0.14
Residual Average0.0
Price Variance0.01

Sit International Equity lagged returns against current returns

Autocorrelation, which is Sit International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Sit International returns to help us make a trade decision. For example, suppose you find that Sit International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit International 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 International mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Sit International Lagged Returns

When evaluating Sit International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit International mutual fund have on its future price. Sit International 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 International autocorrelation shows the relationship between Sit International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit International Equity.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Sit Mutual Fund

Sit International 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 International security.
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