Victory Etf Market Value

CEY -  USA Etf  

USD 23.84  0.04  0.17%

Victory EM's market value is the price at which a share of Victory EM stock trades on a public exchange. It measures the collective expectations of Victory EM High investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Victory EM High and determine expected loss or profit from investing in Victory EM over a given investment horizon. Continue to Victory EM Hype Analysis, Victory EM Correlation, Portfolio Optimization, Victory EM Volatility, as well as analyze Victory EM Alpha and Beta and Victory EM Performance.
Symbol
Backtest

The market value of Victory EM High is measured differently than its book value, which is the value of Victory that is recorded on the company's balance sheet. Investors also form their own opinion of Victory EM's value that differs from its market value or its book value, called intrinsic value, which is Victory EM'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 Victory EM's market value can be influenced by many factors that don't directly affect Victory EM High underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Victory EM's value and its price as these two are different measures arrived at by different means. Investors typically determine Victory EM value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Victory EM'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 EM '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 EM'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 Victory EM.
0.00
04/26/2021
No Change 0.00  0.0 
In 2 months and 31 days
07/25/2021
0.00
If you would invest  0.00  in Victory EM on April 26, 2021 and sell it all today you would earn a total of 0.00 from holding Victory EM High or generate 0.0% return on investment in Victory EM over 90 days. Victory EM is related to or competes with FTSE RAFI. The investment seeks to provide investment results that track the performance of the Nasdaq Victory Emerging Market High...

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

Victory EM Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory EM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory EM's standard deviation. In reality, there are many statistical measures that can use Victory EM historical prices to predict the future Victory EM's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Victory EM'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. Please use the tools below to analyze the current value of Victory EM in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
22.3223.8425.36
Details
Intrinsic
Valuation
LowReal ValueHigh
19.5821.1026.22
Details
Naive
Forecast
LowNext ValueHigh
23.2424.7626.28
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
23.6523.9424.23
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Victory EM. Your research has to be compared to or analyzed against Victory EM's peers to derive any actionable benefits. When done correctly, Victory EM's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Victory EM High.

Victory EM High Backtested Returns

Victory EM High owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0412, which indicates the etf had -0.0412% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Victory EM High exposes twenty-seven different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Victory EM risk adjusted performance of (0.009817), and Coefficient Of Variation of (7,584) to confirm the risk estimate we provide.
The entity has a beta of -0.1594, which indicates not very significant fluctuations relative to the market. Let's try to break down what Victory's beta means in this case. As returns on the market increase, returns on owning Victory EM are expected to decrease at a much lower rate. During the bear market, Victory EM is likely to outperform the market. Even though it is essential to pay attention to Victory EM High current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Victory EM High exposes twenty-seven different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
  (0.70)   

Very good reverse predictability

Victory EM High has very good reverse predictability. Overlapping area represents the amount of predictability between Victory EM time series from 26th of April 2021 to 10th of June 2021 and 10th of June 2021 to 25th of July 2021. 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 EM High price movement. The serial correlation of -0.7 indicates that around 70.0% of current Victory EM price fluctuation can be explain by its past prices. Given that Victory EM High has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Victory EM for similar time interval.
Correlation Coefficient-0.7
Spearman Rank Test-0.76
Residual Average0.0
Price Variance0.19

Victory EM High lagged returns against current returns

Autocorrelation, which is Victory EM 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 Victory EM's etf expected returns. We can calculate the autocorrelation of Victory EM returns to help us make a trade decision. For example, suppose you find that Victory EM etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

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

Victory EM Lagged Returns

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

Victory EM Investors Sentiment

The influence of Victory EM's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Victory. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - CEY

Victory EM High Investor Sentiment

Macroaxis portfolio users are unresponsive in their opinion about investing in Victory EM High. What is your outlook on investing in Victory EM High? Are you bullish or bearish?
Bullish
Bearish
50% Bullish
50% Bearish
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Pair Trading with Victory EM

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Victory EM position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Victory EM will appreciate offsetting losses from the drop in the long position's value.

Victory EM Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Victory EM and FTSE RAFI Emrg. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Victory EM Hype Analysis, Victory EM Correlation, Portfolio Optimization, Victory EM Volatility, as well as analyze Victory EM Alpha and Beta and Victory EM Performance. Note that the Victory EM High information on this page should be used as a complementary analysis to other Victory EM'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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.

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When running Victory EM High price analysis, check to measure Victory EM'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 EM is operating at the current time. Most of Victory EM's value examination focuses on studying past and present price action to predict the probability of Victory EM's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Victory EM's price. Additionally, you may evaluate how the addition of Victory EM to your portfolios can decrease your overall portfolio volatility.
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Victory EM 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, stock market cycles, or different charting patterns.
A focus of Victory EM technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Victory EM 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...