Sit Emerging Markets Fund Market Value
SITEX Fund | USD 8.77 0.01 0.11% |
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.
11/05/2024 |
| 12/05/2024 |
If you would invest 0.00 in Sit Emerging on November 5, 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 Guggenheim Risk, Great-west Real, Dunham Real, Prudential Real, Simt Real, Columbia Real, and Fidelity Real. 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.
Downside Deviation | 0.335 | |||
Information Ratio | (0.42) | |||
Maximum Drawdown | 1.95 | |||
Value At Risk | (0.56) | |||
Potential Upside | 0.3444 |
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 | 0.0082 | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | (0.41) | |||
Treynor Ratio | (0.06) |
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.
Sit Emerging Markets Backtested Returns
Sit Emerging Markets owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0146, which indicates the fund had a -0.0146% return per unit of risk over the last 3 months. Sit Emerging Markets exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sit Emerging's Coefficient Of Variation of 3597.14, risk adjusted performance of 0.0082, and Semi Deviation of 0.2595 to confirm the risk estimate we provide. The entity has a beta of 0.0131, 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 | -0.46 |
Modest reverse predictability
Sit Emerging Markets has modest reverse predictability. Overlapping area represents the amount of predictability between Sit Emerging time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 -0.46 indicates that about 46.0% of current Sit Emerging price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.46 | |
Spearman Rank Test | -0.34 | |
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.
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