Victory Global Natural Fund Market Value
| RSNRX Fund | USD 29.28 0.03 0.10% |
| Symbol | Victory |
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.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in Victory Global on February 23, 2024 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 60 days. Victory Global is related to or competes with Income Fund, Usaa Nasdaq, Victory Diversified, Intermediate Term, Usaa Intermediate, Usaa Tax, and Victory Tax-exempt. 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.
| Downside Deviation | 1.13 | |||
| Information Ratio | 0.1044 | |||
| Maximum Drawdown | 4.68 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 2.23 |
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.| Risk Adjusted Performance | 0.1162 | |||
| Jensen Alpha | 0.1134 | |||
| Total Risk Alpha | 0.051 | |||
| Sortino Ratio | 0.1074 | |||
| Treynor Ratio | 0.1818 |
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.
Victory Global Natural Backtested Returns
We consider Victory Global very steady. Victory Global Natural 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 Victory Global Natural, which you can use to evaluate the volatility of the fund. Please validate Victory Global's Risk Adjusted Performance of 0.1162, semi deviation of 0.9056, and Coefficient Of Variation of 552.46 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The entity has a beta of 1.11, which indicates a somewhat significant risk relative to the market. Victory Global returns are very sensitive to returns on the market. As the market goes up or down, Victory Global is expected to follow.
Auto-correlation | 0.46 |
Average predictability
Victory Global Natural has average predictability. Overlapping area represents the amount of predictability between Victory Global time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 2024 to 23rd 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 Victory Global Natural price movement. The serial correlation of 0.46 indicates that about 46.0% of current Victory Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.4 |
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. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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.