Victoryshares Multi Factor Minimum Etf Market Value
| VSMV Etf | USD 43.23 0.22 0.51% |
| Symbol | VictoryShares |
The market value of VictoryShares Multi is measured differently than its book value, which is the value of VictoryShares that is recorded on the company's balance sheet. Investors also form their own opinion of VictoryShares Multi's value that differs from its market value or its book value, called intrinsic value, which is VictoryShares Multi's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VictoryShares Multi's market value can be influenced by many factors that don't directly affect VictoryShares Multi's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VictoryShares Multi's value and its price as these two are different measures arrived at by different means. Investors typically determine if VictoryShares Multi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VictoryShares Multi'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.
VictoryShares Multi '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 VictoryShares Multi's etf 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 VictoryShares Multi.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in VictoryShares Multi on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding VictoryShares Multi Factor Minimum or generate 0.0% return on investment in VictoryShares Multi over 60 days. VictoryShares Multi is related to or competes with Northern Lights, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of ... More
VictoryShares Multi 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 VictoryShares Multi's etf 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 VictoryShares Multi Factor Minimum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5301 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 2.03 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.7512 |
VictoryShares Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VictoryShares Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VictoryShares Multi's standard deviation. In reality, there are many statistical measures that can use VictoryShares Multi historical prices to predict the future VictoryShares Multi's volatility.| Risk Adjusted Performance | 0.0448 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.0423 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VictoryShares Multi'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.
VictoryShares Multi Backtested Returns
We consider VictoryShares Multi very steady. VictoryShares Multi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0524, which indicates the etf had a 0.0524% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VictoryShares Multi Factor Minimum, which you can use to evaluate the volatility of the etf. Please validate VictoryShares Multi's Semi Deviation of 0.4532, coefficient of variation of 1303.98, and Risk Adjusted Performance of 0.0448 to confirm if the risk estimate we provide is consistent with the expected return of 0.0265%. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VictoryShares Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding VictoryShares Multi is expected to be smaller as well.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
VictoryShares Multi Factor Minimum has almost perfect reverse predictability. Overlapping area represents the amount of predictability between VictoryShares Multi 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 VictoryShares Multi price movement. The serial correlation of -0.8 indicates that around 80.0% of current VictoryShares Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
VictoryShares Multi lagged returns against current returns
Autocorrelation, which is VictoryShares Multi etf'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 VictoryShares Multi's etf expected returns. We can calculate the autocorrelation of VictoryShares Multi returns to help us make a trade decision. For example, suppose you find that VictoryShares Multi has exhibited high autocorrelation historically, and you observe that the etf 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 |
VictoryShares Multi 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 VictoryShares Multi etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VictoryShares Multi etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VictoryShares Multi etf over time.
Current vs Lagged Prices |
| Timeline |
VictoryShares Multi Lagged Returns
When evaluating VictoryShares Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VictoryShares Multi etf have on its future price. VictoryShares Multi 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, VictoryShares Multi autocorrelation shows the relationship between VictoryShares Multi etf current value and its past values and can show if there is a momentum factor associated with investing in VictoryShares Multi Factor Minimum.
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 VictoryShares Multi 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, VictoryShares Multi's short interest history, or implied volatility extrapolated from VictoryShares Multi 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.When determining whether VictoryShares Multi is a strong investment it is important to analyze VictoryShares Multi's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact VictoryShares Multi's future performance. For an informed investment choice regarding VictoryShares Etf, refer to the following important reports:Check out VictoryShares Multi Correlation, VictoryShares Multi Volatility and VictoryShares Multi Alpha and Beta module to complement your research on VictoryShares Multi. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
VictoryShares Multi technical etf 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, etf market cycles, or different charting patterns.