Victory Munder Multi Cap Fund Market Value
| MNNYX Fund | USD 57.71 0.07 0.12% |
| Symbol | Victory |
Victory Munder '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 Munder'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 Munder.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Victory Munder on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Victory Munder Multi Cap or generate 0.0% return on investment in Victory Munder over 30 days. Victory Munder is related to or competes with Morningstar Unconstrained, and SPACE. The adviser pursues the funds investment objective by identifying secular growth trends and investing in equity securiti... More
Victory Munder 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 Munder'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 Munder Multi Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7676 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.21) | |||
| Potential Upside | 1.25 |
Victory Munder Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Munder's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Munder's standard deviation. In reality, there are many statistical measures that can use Victory Munder historical prices to predict the future Victory Munder's volatility.| Risk Adjusted Performance | 0.0639 | |||
| Jensen Alpha | 0.0709 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (3.85) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory Munder'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 Munder Multi Backtested Returns
We consider Victory Munder very steady. Victory Munder Multi owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0769, which indicates the fund had a 0.0769% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Victory Munder Multi Cap, which you can use to evaluate the volatility of the fund. Please validate Victory Munder's Semi Deviation of 0.6749, coefficient of variation of 1011.4, and Risk Adjusted Performance of 0.0639 to confirm if the risk estimate we provide is consistent with the expected return of 0.0633%. The entity has a beta of -0.018, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Victory Munder are expected to decrease at a much lower rate. During the bear market, Victory Munder is likely to outperform the market.
Auto-correlation | 0.49 |
Average predictability
Victory Munder Multi Cap has average predictability. Overlapping area represents the amount of predictability between Victory Munder time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Munder Multi price movement. The serial correlation of 0.49 indicates that about 49.0% of current Victory Munder price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.49 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 1.01 |
Victory Munder Multi lagged returns against current returns
Autocorrelation, which is Victory Munder 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 Munder's mutual fund expected returns. We can calculate the autocorrelation of Victory Munder returns to help us make a trade decision. For example, suppose you find that Victory Munder 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 Munder 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 Munder mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Munder 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 Munder mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Munder Lagged Returns
When evaluating Victory Munder's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Munder mutual fund have on its future price. Victory Munder 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 Munder autocorrelation shows the relationship between Victory Munder mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Munder Multi Cap.
Regressed Prices |
| Timeline |
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Victory Munder 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.