Sit Emerging Markets Fund Market Value

SITEX Fund  USD 8.81  0.01  0.11%   
Sit Emerging's market value is the price at which a share of Sit Emerging trades on a public exchange. It measures the collective expectations of Sit Emerging Markets investors about its performance. Sit Emerging is trading at 8.81 as of the 9th of December 2024; that is 0.11% up since the beginning of the trading day. The fund's open price was 8.8.
With this module, you can estimate the performance of a buy and hold strategy of Sit Emerging Markets and determine expected loss or profit from investing in Sit Emerging over a given investment horizon. Check out Sit Emerging Correlation, Sit Emerging Volatility and Sit Emerging Alpha and Beta module to complement your research on Sit Emerging.
Symbol

Please note, there is a significant difference between Sit Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sit Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sit Emerging'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 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.
0.00
07/18/2023
No Change 0.00  0.0 
In 1 year 4 months and 25 days
12/09/2024
0.00
If you would invest  0.00  in Sit Emerging on July 18, 2023 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 510 days. Sit Emerging is related to or competes with Dreyfus Smallcap, Legg Mason, T Rowe, Delaware Limited-term, The Gabelli, Adams Diversified, and Blackrock. Under normal circumstances, the fund will invest at least 80 percent of its net assets in fixed income securities of eme... 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sit Emerging'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
8.488.819.14
Details
Intrinsic
Valuation
LowRealHigh
8.498.829.15
Details
Naive
Forecast
LowNextHigh
8.528.859.18
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.758.798.83
Details

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 0.0232, which indicates the fund had a 0.0232% 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 Semi Deviation of 0.2663, coefficient of variation of 5766.08, and Risk Adjusted Performance of 3.0E-4 to confirm if the risk estimate we provide is consistent with the expected return of 0.0076%. The entity has a beta of 0.0122, 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

    
  0.74  

Good predictability

Sit Emerging Markets has good predictability. Overlapping area represents the amount of predictability between Sit Emerging time series from 18th of July 2023 to 29th of March 2024 and 29th of March 2024 to 9th 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 0.74 indicates that around 74.0% of current Sit Emerging price fluctuation can be explain by its past prices.
Correlation Coefficient0.74
Spearman Rank Test0.59
Residual Average0.0
Price Variance0.05

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  

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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.
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