Sit Developing Markets Fund Market Value
| SDMGX Fund | USD 16.70 0.46 2.83% |
| Symbol | Sit |
Sit Developing '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 Developing'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 Developing.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Sit Developing on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Sit Developing Markets or generate 0.0% return on investment in Sit Developing over 30 days. Sit Developing is related to or competes with Vanguard Emerging, Vanguard Emerging, Vanguard Emerging, Vanguard Emerging, American Funds, American Funds, and New World. The fund normally invests at least 80 percent of its net assets in common stocks of companies domiciled or operating in ... More
Sit Developing 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 Developing'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 Developing Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0842 | |||
| Maximum Drawdown | 5.51 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.67 |
Sit Developing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Developing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Developing's standard deviation. In reality, there are many statistical measures that can use Sit Developing historical prices to predict the future Sit Developing's volatility.| Risk Adjusted Performance | 0.1053 | |||
| Jensen Alpha | 0.0932 | |||
| Total Risk Alpha | 0.0426 | |||
| Sortino Ratio | 0.0791 | |||
| Treynor Ratio | 0.1707 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sit Developing'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 Developing Markets Backtested Returns
We consider Sit Developing very steady. Sit Developing Markets owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Sit Developing Markets, which you can use to evaluate the volatility of the fund. Please validate Sit Developing's Coefficient Of Variation of 623.08, semi deviation of 0.8878, and Risk Adjusted Performance of 0.1053 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The entity has a beta of 0.92, which indicates possible diversification benefits within a given portfolio. Sit Developing returns are very sensitive to returns on the market. As the market goes up or down, Sit Developing is expected to follow.
Auto-correlation | -0.55 |
Good reverse predictability
Sit Developing Markets has good reverse predictability. Overlapping area represents the amount of predictability between Sit Developing time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Developing Markets price movement. The serial correlation of -0.55 indicates that about 55.0% of current Sit Developing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
Sit Developing Markets lagged returns against current returns
Autocorrelation, which is Sit Developing 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 Developing's mutual fund expected returns. We can calculate the autocorrelation of Sit Developing returns to help us make a trade decision. For example, suppose you find that Sit Developing 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 Developing 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 Developing mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Developing 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 Developing mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Developing Lagged Returns
When evaluating Sit Developing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Developing mutual fund have on its future price. Sit Developing 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 Developing autocorrelation shows the relationship between Sit Developing mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Developing Markets.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sit Developing in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sit Developing's short interest history, or implied volatility extrapolated from Sit Developing options trading.
Currently Active Assets on Macroaxis
Check out Sit Developing Correlation, Sit Developing Volatility and Sit Developing Alpha and Beta module to complement your research on Sit Developing. Note that the Sit Developing Markets information on this page should be used as a complementary analysis to other Sit Developing's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Sit Developing technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.