Vy American Century Fund Market Value
| ISMSX Fund | USD 10.22 0.06 0.59% |
| Symbol | ISMSX |
Vy American '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 Vy American'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 Vy American.
| 04/01/2024 |
| 05/01/2024 |
If you would invest 0.00 in Vy American on April 1, 2024 and sell it all today you would earn a total of 0.00 from holding Vy American Century or generate 0.0% return on investment in Vy American over 30 days. Vy American is related to or competes with Voya Bond, Voya Bond, Voya Limited, Voya Bond, Voya Limited, Voya Emerging, and Voya Midcap. The fund invests at least 80 percent of its net assets in equity securities of small- and mid-capitalization companies More
Vy American 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 Vy American'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 Vy American Century upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.06 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.11 |
Vy American Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vy American's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vy American's standard deviation. In reality, there are many statistical measures that can use Vy American historical prices to predict the future Vy American's volatility.| Risk Adjusted Performance | 0.0388 | |||
| Jensen Alpha | 0.0358 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (2.62) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vy American'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.
Vy American Century Backtested Returns
We consider Vy American very steady. Vy American Century retains Efficiency (Sharpe Ratio) of 0.0659, which indicates the fund had a 0.0659% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Vy American, which you can use to evaluate the volatility of the fund. Please validate Vy American's Mean Deviation of 0.5755, risk adjusted performance of 0.0388, and Downside Deviation of 1.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.051%. The entity owns a Beta (Systematic Risk) of -0.0134, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vy American are expected to decrease at a much lower rate. During the bear market, Vy American is likely to outperform the market.
Auto-correlation | -0.52 |
Good reverse predictability
Vy American Century has good reverse predictability. Overlapping area represents the amount of predictability between Vy American time series from 1st of April 2024 to 16th of April 2024 and 16th of April 2024 to 1st of May 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 Vy American Century price movement. The serial correlation of -0.52 indicates that about 52.0% of current Vy American price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Vy American Century lagged returns against current returns
Autocorrelation, which is Vy American 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 Vy American's mutual fund expected returns. We can calculate the autocorrelation of Vy American returns to help us make a trade decision. For example, suppose you find that Vy American 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 |
Vy American 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 Vy American mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vy American mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vy American mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vy American Lagged Returns
When evaluating Vy American's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vy American mutual fund have on its future price. Vy American 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, Vy American autocorrelation shows the relationship between Vy American mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vy American Century.
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 Vy American 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, Vy American's short interest history, or implied volatility extrapolated from Vy American options trading.
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Vy American 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.