Sit Developing Markets Fund Manager Performance Evaluation
| SDMGX Fund | USD 18.25 0.04 0.22% |
The entity has a beta of 0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sit Developing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sit Developing is expected to be smaller as well.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Sit Developing Markets are ranked lower than 8 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Sit Developing may actually be approaching a critical reversion point that can send shares even higher in January 2025.
...more| Expense Ratio Date | 1st of November 2022 | |
| Expense Ratio | 0.9900 |
Sit |
Sit Developing Relative Risk vs. Return Landscape
If you would invest 1,701 in Sit Developing Markets on September 13, 2024 and sell it today you would earn a total of 124.00 from holding Sit Developing Markets or generate 7.29% return on investment over 90 days. Sit Developing Markets is currently producing 0.115% returns and takes up 1.0122% volatility of returns over 90 trading days. Put another way, 9% of traded mutual funds are less volatile than Sit, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Sit Developing Current Valuation
Fairly Valued
Today
Please note that Sit Developing's price fluctuation is very steady at this time. At this time, the fund appears to be fairly valued. Sit Developing Markets has a current Real Value of $18.2 per share. The regular price of the fund is $18.25. We determine the value of Sit Developing Markets from inspecting fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will draw towards each other.
Since Sit Developing is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Sit Mutual Fund. However, Sit Developing's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 18.25 | Real 18.2 | Hype 18.25 | Naive 18.67 |
The intrinsic value of Sit Developing's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Sit Developing's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Sit Developing Markets helps investors to forecast how Sit mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Sit Developing more accurately as focusing exclusively on Sit Developing's fundamentals will not take into account other important factors: Sit Developing Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Developing's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Sit Developing Markets, and traders can use it to determine the average amount a Sit Developing's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1137
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Cash | SDMGX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.01 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Sit Developing is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sit Developing by adding it to a well-diversified portfolio.
Sit Developing Fundamentals Growth
Sit Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Sit Developing, and Sit Developing fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Sit Mutual Fund performance.
| Price To Earning | 15.17 X | ||||
| Price To Book | 1.80 X | ||||
| Price To Sales | 1.44 X | ||||
About Sit Developing Performance
Evaluating Sit Developing's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Sit Developing has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Sit Developing has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its net assets in common stocks of companies domiciled or operating in a developing market. It invests in small, medium and large sized companies. The fund may invest in securities representing underlying international securities such as sponsored American Depository Receipts, European Depository Receipts and Global Depository Receipts.Things to note about Sit Developing Markets performance evaluation
Checking the ongoing alerts about Sit Developing for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Sit Developing Markets help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Sit Developing's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Sit Developing's mutual fund performance include:- Analyzing Sit Developing's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Sit Developing's stock is overvalued or undervalued compared to its peers.
- Examining Sit Developing's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Sit Developing's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Sit Developing's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Sit Developing's mutual fund. These opinions can provide insight into Sit Developing's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Sit Mutual Fund
Sit Developing 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 Developing security.
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