Victory Global Natural Fund Market Value

RGNCX Fund  USD 25.27  0.72  2.93%   
Victory Global's market value is the price at which a share of Victory Global trades on a public exchange. It measures the collective expectations of Victory Global Natural investors about its performance. Victory Global is trading at 25.27 as of the 28th of March 2024; that is 2.93 percent up since the beginning of the trading day. The fund's open price was 24.55.
With this module, you can estimate the performance of a buy and hold strategy of Victory Global Natural and determine expected loss or profit from investing in Victory Global over a given investment horizon. Check out Victory Global Correlation, Victory Global Volatility and Victory Global Alpha and Beta module to complement your research on Victory Global.
Symbol

Please note, there is a significant difference between Victory Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Victory Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Victory Global'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.

Victory Global '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 Victory Global'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 Victory Global.
0.00
08/31/2023
No Change 0.00  0.0 
In 6 months and 30 days
03/28/2024
0.00
If you would invest  0.00  in Victory Global on August 31, 2023 and sell it all today you would earn a total of 0.00 from holding Victory Global Natural or generate 0.0% return on investment in Victory Global over 210 days. Victory Global is related to or competes with USCF Gold, Victory Diversified, Victory Sophus, Target Retirement, Target Retirement, Income Fund, and Usaa Nasdaq. The fund normally invests at least 80 percent of its assets in securities of companies that SailingStone Capital Partner... More

Victory Global 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 Victory Global'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 Victory Global Natural upside and downside potential and time the market with a certain degree of confidence.

Victory Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Global's standard deviation. In reality, there are many statistical measures that can use Victory Global historical prices to predict the future Victory Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory Global'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.
Hype
Prediction
LowEstimatedHigh
24.0525.2726.49
Details
Intrinsic
Valuation
LowRealHigh
23.6524.8726.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Victory Global. Your research has to be compared to or analyzed against Victory Global's peers to derive any actionable benefits. When done correctly, Victory Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Victory Global Natural.

Victory Global Natural Backtested Returns

We consider Victory Global very steady. Victory Global Natural owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0816, which indicates the fund had a 0.0816% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Victory Global Natural, which you can use to evaluate the volatility of the fund. Please validate Victory Global's Coefficient Of Variation of 1186.43, semi deviation of 1.08, and Risk Adjusted Performance of 0.0522 to confirm if the risk estimate we provide is consistent with the expected return of 0.0993%. The entity has a beta of 1.46, 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, Victory Global will likely underperform.

Auto-correlation

    
  -0.31  

Poor reverse predictability

Victory Global Natural has poor reverse predictability. Overlapping area represents the amount of predictability between Victory Global time series from 31st of August 2023 to 14th of December 2023 and 14th of December 2023 to 28th of March 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 Victory Global Natural price movement. The serial correlation of -0.31 indicates that nearly 31.0% of current Victory Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.31
Spearman Rank Test-0.29
Residual Average0.0
Price Variance0.69

Victory Global Natural lagged returns against current returns

Autocorrelation, which is Victory Global 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 Victory Global's mutual fund expected returns. We can calculate the autocorrelation of Victory Global returns to help us make a trade decision. For example, suppose you find that Victory Global 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  

Victory Global 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 Victory Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Victory Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Victory Global Lagged Returns

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

Currently Active Assets on Macroaxis

Check out Victory Global Correlation, Victory Global Volatility and Victory Global Alpha and Beta module to complement your research on Victory Global.
Note that the Victory Global Natural information on this page should be used as a complementary analysis to other Victory Global'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Victory Mutual Fund analysis

When running Victory Global's price analysis, check to measure Victory Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Victory Global is operating at the current time. Most of Victory Global's value examination focuses on studying past and present price action to predict the probability of Victory Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Victory Global's price. Additionally, you may evaluate how the addition of Victory Global to your portfolios can decrease your overall portfolio volatility.
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Victory Global 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.
A focus of Victory Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Victory Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...