Sit Tax Free Income Fund Market Value

SNTIX Fund  USD 8.67  0.02  0.23%   
Sit Tax's market value is the price at which a share of Sit Tax trades on a public exchange. It measures the collective expectations of Sit Tax Free Income investors about its performance. Sit Tax is trading at 8.67 as of the 24th of December 2024; that is 0.23 percent increase since the beginning of the trading day. The fund's open price was 8.65.
With this module, you can estimate the performance of a buy and hold strategy of Sit Tax Free Income and determine expected loss or profit from investing in Sit Tax over a given investment horizon. Check out Sit Tax Correlation, Sit Tax Volatility and Sit Tax Alpha and Beta module to complement your research on Sit Tax.
Symbol

Please note, there is a significant difference between Sit Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sit Tax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sit Tax'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 Tax '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 Tax'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 Tax.
0.00
11/24/2024
No Change 0.00  0.0 
In 31 days
12/24/2024
0.00
If you would invest  0.00  in Sit Tax on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Sit Tax Free Income or generate 0.0% return on investment in Sit Tax over 30 days. Sit Tax is related to or competes with Sit Minnesota, Sit U, High Yield, T Rowe, and Deutsche Strategic. The fund seeks to achieve its objective by investing primarily in municipal securities that generate interest income tha... More

Sit Tax 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 Tax'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 Tax Free Income upside and downside potential and time the market with a certain degree of confidence.

Sit Tax Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Tax's standard deviation. In reality, there are many statistical measures that can use Sit Tax historical prices to predict the future Sit Tax's volatility.
Hype
Prediction
LowEstimatedHigh
8.338.679.01
Details
Intrinsic
Valuation
LowRealHigh
8.368.709.04
Details

Sit Tax Free Backtested Returns

Sit Tax Free owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0411, which indicates the fund had a -0.0411% return per unit of risk over the last 3 months. Sit Tax Free Income exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sit Tax's Risk Adjusted Performance of (0.05), coefficient of variation of (2,493), and Variance of 0.1111 to confirm the risk estimate we provide. The entity has a beta of 0.0647, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Sit Tax's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sit Tax is expected to be smaller as well.

Auto-correlation

    
  -0.86  

Excellent reverse predictability

Sit Tax Free Income has excellent reverse predictability. Overlapping area represents the amount of predictability between Sit Tax time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Tax Free price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Sit Tax price fluctuation can be explain by its past prices.
Correlation Coefficient-0.86
Spearman Rank Test-0.96
Residual Average0.0
Price Variance0.01

Sit Tax Free lagged returns against current returns

Autocorrelation, which is Sit Tax 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 Tax's mutual fund expected returns. We can calculate the autocorrelation of Sit Tax returns to help us make a trade decision. For example, suppose you find that Sit Tax 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 Tax 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 Tax mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Tax 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 Tax mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Sit Tax Lagged Returns

When evaluating Sit Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Tax mutual fund have on its future price. Sit Tax 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 Tax autocorrelation shows the relationship between Sit Tax mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Tax Free Income.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Sit Mutual Fund

Sit Tax 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 security.
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