Sit U S Fund Market Value
| SNGVX Fund | USD 10.28 0.01 0.1% |
| Symbol | Sit |
Sit U '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 U'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 U.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Sit U on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Sit U S or generate 0.0% return on investment in Sit U over 30 days. Sit U is related to or competes with Tcw Total, Ridgeworth Seix, Short Duration, Thompson Bond, and Janus Short-term. The fund invests exclusively in U.S. government securities, which are securities issued, guaranteed or insured by the U.... More
Sit U 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 U'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 U S upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.06 | |||
| Value At Risk | (0.29) | |||
| Potential Upside | 0.388 |
Sit U Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit U's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit U's standard deviation. In reality, there are many statistical measures that can use Sit U historical prices to predict the future Sit U's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.3217 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sit U'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 U S Backtested Returns
Sit U S owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0875, which indicates the fund had a -0.0875% return per unit of risk over the last 3 months. Sit U S exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sit U's Coefficient Of Variation of (5,145), variance of 0.0464, and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of -0.0441, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sit U are expected to decrease at a much lower rate. During the bear market, Sit U is likely to outperform the market.
Auto-correlation | -0.19 |
Insignificant reverse predictability
Sit U S has insignificant reverse predictability. Overlapping area represents the amount of predictability between Sit U time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 U S price movement. The serial correlation of -0.19 indicates that over 19.0% of current Sit U price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Sit U S lagged returns against current returns
Autocorrelation, which is Sit U 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 U's mutual fund expected returns. We can calculate the autocorrelation of Sit U returns to help us make a trade decision. For example, suppose you find that Sit U 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 U 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 U mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit U 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 U mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit U Lagged Returns
When evaluating Sit U's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit U mutual fund have on its future price. Sit U 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 U autocorrelation shows the relationship between Sit U mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit U S.
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 U 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 U security.
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