Sit Mid Cap Fund Manager Performance Evaluation
| NBNGX Fund | USD 25.81 0.34 1.33% |
The entity has a beta of 0.93, which indicates possible diversification benefits within a given portfolio. Sit Mid returns are very sensitive to returns on the market. As the market goes up or down, Sit Mid is expected to follow.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Sit Mid Cap are ranked lower than 14 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical and fundamental indicators, Sit Mid 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 | 1.2500 |
Sit |
Sit Mid Relative Risk vs. Return Landscape
If you would invest 2,336 in Sit Mid Cap on September 13, 2024 and sell it today you would earn a total of 245.00 from holding Sit Mid Cap or generate 10.49% return on investment over 90 days. Sit Mid Cap is currently producing 0.1622% returns and takes up 0.87% volatility of returns over 90 trading days. Put another way, 7% of traded mutual funds are less volatile than Sit, and 97% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Sit Mid Current Valuation
Undervalued
Today
Please note that Sit Mid's price fluctuation is very steady at this time. At this time, the fund appears to be undervalued. Sit Mid Cap has a current Real Value of $27.66 per share. The regular price of the fund is $25.81. We determine the value of Sit Mid Cap 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 Mid is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Sit Mutual Fund. However, Sit Mid'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 25.81 | Real 27.66 | Hype 25.81 | Naive 25.74 |
The intrinsic value of Sit Mid'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 Mid'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 Mid Cap 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 Mid more accurately as focusing exclusively on Sit Mid's fundamentals will not take into account other important factors: Sit Mid Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Mid's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Sit Mid Cap, and traders can use it to determine the average amount a Sit Mid'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 = 0.1864
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | NBNGX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.87 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Sit Mid is performing at about 14% 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 Mid by adding it to a well-diversified portfolio.
Sit Mid Fundamentals Growth
Sit Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Sit Mid, and Sit Mid 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 | 22.29 X | ||||
| Price To Book | 3.19 X | ||||
| Price To Sales | 1.70 X | ||||
About Sit Mid Performance
Evaluating Sit Mid's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Sit Mid 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 Mid 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 that, at the time of purchase, have market capitalizations that fall within the range of companies included in the Russell Midcap Growth Index during the most recent 12-month period. The Adviser invests in domestic growth-oriented medium to small companies the advisor believes exhibit the potential for superior growth.Things to note about Sit Mid Cap performance evaluation
Checking the ongoing alerts about Sit Mid for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Sit Mid Cap help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Evaluating Sit Mid's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Sit Mid's mutual fund performance include:- Analyzing Sit Mid'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 Mid's stock is overvalued or undervalued compared to its peers.
- Examining Sit Mid'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 Mid's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Sit Mid's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Sit Mid's mutual fund. These opinions can provide insight into Sit Mid's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Sit Mutual Fund
Sit Mid 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 Mid security.
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