Sit Small Cap Fund Market Value
| SSCDX Fund | USD 15.82 0.24 1.54% |
| Symbol | Sit |
Sit Small '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 Small'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 Small.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Sit Small on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Sit Small Cap or generate 0.0% return on investment in Sit Small over 360 days. Sit Small is related to or competes with T Rowe, Morningstar Unconstrained, and SPACE. The fund seeks to achieve its objectives by investing at least 80 percent of its net assets in small cap dividend-paying... More
Sit Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.0276 | |||
| Maximum Drawdown | 4.13 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.54 |
Sit Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sit Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sit Small's standard deviation. In reality, there are many statistical measures that can use Sit Small historical prices to predict the future Sit Small's volatility.| Risk Adjusted Performance | 0.0852 | |||
| Jensen Alpha | 0.0049 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0243 | |||
| Treynor Ratio | 0.0893 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Sit Small'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 Small Cap Backtested Returns
We consider Sit Small very steady. Sit Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Sit Small Cap, which you can use to evaluate the volatility of the fund. Please validate Sit Small's Coefficient Of Variation of 760.4, semi deviation of 0.8457, and Risk Adjusted Performance of 0.0852 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%. The entity has a beta of 1.24, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Sit Small will likely underperform.
Auto-correlation | 0.33 |
Below average predictability
Sit Small Cap has below average predictability. Overlapping area represents the amount of predictability between Sit Small time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th of April 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 Small Cap price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Sit Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Sit Small Cap lagged returns against current returns
Autocorrelation, which is Sit Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Sit Small returns to help us make a trade decision. For example, suppose you find that Sit Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sit Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Sit Small Lagged Returns
When evaluating Sit Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sit Small mutual fund have on its future price. Sit Small 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 Small autocorrelation shows the relationship between Sit Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Sit Small Cap.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Sit Small Correlation, Sit Small Volatility and Sit Small Alpha and Beta module to complement your research on Sit Small. Note that the Sit Small Cap information on this page should be used as a complementary analysis to other Sit Small'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Sit Small 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.