Is PRFHX a Strong Bond Fund Right Now - Yahoo Finance
| SNTIX Fund | USD 8.63 0.04 0.46% |
Slightly above 62% of Sit Tax-free's investor base is looking to short. The analysis of overall sentiment of trading Sit Tax Free Income mutual fund suggests that many investors are alarmed at this time. Sit Tax-free's investing sentiment can be driven by a variety of factors including economic data, Sit Tax-free's earnings reports, geopolitical events, and overall market trends.
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Is PRFHX a Strong Bond Fund Right Now Yahoo Finance
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Sit Tax-free Fundamental Analysis
We analyze Sit Tax-free's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Sit Tax-free using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Sit Tax-free based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
One Year Return
One Year Return Comparative Analysis
Sit Tax is currently under evaluation in one year return among similar funds. One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Sit Tax Free Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Sit Tax-free mutual fund to make a market-neutral strategy. Peer analysis of Sit Tax-free could also be used in its relative valuation, which is a method of valuing Sit Tax-free by comparing valuation metrics with similar companies.
Peers
Sit Tax-free Related Equities
| SNGVX | Sit U | 0.30 |
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| PRFHX | T Rowe | 0.36 |
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| SMTFX | Sit Minnesota | 0.42 |
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| ABHYX | High Yield | 0.45 |
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| SHYTX | Deutsche Strategic | 0.47 |
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Other Information on Investing in Sit Mutual Fund
Sit Tax-free 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 Tax-free security.
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