Victory High Income Fund Market Value
| RHMYX Fund | USD 9.19 0.01 0.11% |
| Symbol | Victory |
Victory High '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 High'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 High.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Victory High on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Victory High Income or generate 0.0% return on investment in Victory High over 30 days. Victory High is related to or competes with Victory Trivalent, Victory Diversified, Victory Sophus, Victory Diversified, Victory Diversified, Victory Tax-exempt, and Victory Rs. The fund invests primarily in municipal obligations, the interest on which is, in the opinion of the issuers bond counse... More
Victory High 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 High'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 High Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 1.64 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.8753 |
Victory High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory High's standard deviation. In reality, there are many statistical measures that can use Victory High historical prices to predict the future Victory High's volatility.| Risk Adjusted Performance | 0.1207 | |||
| Jensen Alpha | 0.0822 | |||
| Total Risk Alpha | 0.0173 | |||
| Treynor Ratio | (0.99) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory High'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 High Me Backtested Returns
We consider Victory High out of control. Victory High Me owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Victory High Income, which you can use to evaluate the volatility of the fund. Please validate Victory High's Coefficient Of Variation of 497.74, variance of 0.1819, and Risk Adjusted Performance of 0.1207 to confirm if the risk estimate we provide is consistent with the expected return of 0.0857%. The entity has a beta of -0.0763, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Victory High are expected to decrease at a much lower rate. During the bear market, Victory High is likely to outperform the market.
Auto-correlation | 0.25 |
Poor predictability
Victory High Income has poor predictability. Overlapping area represents the amount of predictability between Victory High 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 High Me price movement. The serial correlation of 0.25 indicates that over 25.0% of current Victory High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Victory High Me lagged returns against current returns
Autocorrelation, which is Victory High 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 High's mutual fund expected returns. We can calculate the autocorrelation of Victory High returns to help us make a trade decision. For example, suppose you find that Victory High 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 High 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 High mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory High 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 High mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory High Lagged Returns
When evaluating Victory High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory High mutual fund have on its future price. Victory High 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 High autocorrelation shows the relationship between Victory High mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory High Income.
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 High 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 High's short interest history, or implied volatility extrapolated from Victory High options trading.
Currently Active Assets on Macroaxis
Check out Victory High Correlation, Victory High Volatility and Victory High Alpha and Beta module to complement your research on Victory High. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Victory High 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.