Victory Special Value Fund Market Value
| VSVCX Fund | USD 22.98 0.34 1.50% |
| Symbol | Victory |
Victory Special '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 Special'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 Special.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Victory Special on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Victory Special Value or generate 0.0% return on investment in Victory Special over 30 days. Victory Special is related to or competes with Victory Rs, Victory High, Victory Sycamore, Victory Integrity, Victory Incore, Victory Rs, and Victory Rs. The Adviser pursues the funds investment objective by investing, under normal circumstances, in common stocks of compani... More
Victory Special 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 Special'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 Special Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8016 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.29 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.29 |
Victory Special Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Special's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Special's standard deviation. In reality, there are many statistical measures that can use Victory Special historical prices to predict the future Victory Special's volatility.| Risk Adjusted Performance | 0.061 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0653 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory Special'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 Special Value Backtested Returns
We consider Victory Special very steady. Victory Special Value owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0621, which indicates the fund had a 0.0621% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Victory Special Value, which you can use to evaluate the volatility of the fund. Please validate Victory Special's Semi Deviation of 0.6851, risk adjusted performance of 0.061, and Coefficient Of Variation of 1050.38 to confirm if the risk estimate we provide is consistent with the expected return of 0.0502%. The entity has a beta of 1.02, which indicates a somewhat significant risk relative to the market. Victory Special returns are very sensitive to returns on the market. As the market goes up or down, Victory Special is expected to follow.
Auto-correlation | 0.55 |
Modest predictability
Victory Special Value has modest predictability. Overlapping area represents the amount of predictability between Victory Special time series from 24th of March 2024 to 8th of April 2024 and 8th of April 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 Special Value price movement. The serial correlation of 0.55 indicates that about 55.0% of current Victory Special price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Victory Special Value lagged returns against current returns
Autocorrelation, which is Victory Special 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 Special's mutual fund expected returns. We can calculate the autocorrelation of Victory Special returns to help us make a trade decision. For example, suppose you find that Victory Special 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 Special 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 Special mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Special 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 Special mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Special Lagged Returns
When evaluating Victory Special's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Special mutual fund have on its future price. Victory Special 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 Special autocorrelation shows the relationship between Victory Special mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Special Value.
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 Victory Special 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, Victory Special's short interest history, or implied volatility extrapolated from Victory Special options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Victory Special Correlation, Victory Special Volatility and Victory Special Alpha and Beta module to complement your research on Victory Special. Note that the Victory Special Value information on this page should be used as a complementary analysis to other Victory Special'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Victory Special 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.