Sit Emerging Markets Fund Market Value
| SIEMX Fund | USD 11.54 0.05 0.43% |
| Symbol | Sit |
Sit Emerging '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 Emerging'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 Emerging.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Sit Emerging on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Sit Emerging Markets or generate 0.0% return on investment in Sit Emerging over 30 days. Sit Emerging 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 of emerging ... More
Sit Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9188 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.48 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.41 |
Sit Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Emerging's standard deviation. In reality, there are many statistical measures that can use Sit Emerging historical prices to predict the future Sit Emerging's volatility.| Risk Adjusted Performance | 0.0424 | |||
| Jensen Alpha | 0.0233 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.2387 |
Sit Emerging Markets Backtested Returns
At this stage we consider Sit Mutual Fund to be very steady. Sit Emerging Markets owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0394, which indicates the fund had a 0.0394% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sit Emerging Markets, which you can use to evaluate the volatility of the fund. Please validate Sit Emerging's Coefficient Of Variation of 1766.77, risk adjusted performance of 0.0424, and Semi Deviation of 0.8238 to confirm if the risk estimate we provide is consistent with the expected return of 0.0331%. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sit Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sit Emerging is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
Sit Emerging Markets has good predictability. Overlapping area represents the amount of predictability between Sit Emerging 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 Emerging Markets price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Sit Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sit Emerging Markets lagged returns against current returns
Autocorrelation, which is Sit Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Sit Emerging returns to help us make a trade decision. For example, suppose you find that Sit Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Emerging Lagged Returns
When evaluating Sit Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Emerging mutual fund have on its future price. Sit Emerging 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 Emerging autocorrelation shows the relationship between Sit Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Emerging Markets.
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 Emerging 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 Emerging security.
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |