Victory Mutual Fund Volatility

VSOYX
 Fund
  

USD 45.64  0.26  0.57%   

We consider Victory Sycamore very steady. Victory Sycamore Small owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0288, which indicates the fund had 0.0288% of return per unit of risk over the last 3 months. Our standpoint towards measuring the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Victory Sycamore Small, which you can use to evaluate the future volatility of the fund. Please validate Victory Sycamore Semi Deviation of 1.15, coefficient of variation of 3049.86, and Risk Adjusted Performance of 0.0417 to confirm if the risk estimate we provide is consistent with the expected return of 0.0407%.
  
Victory Sycamore Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of Victory daily returns, and it is calculated using variance and standard deviation. We also use Victory's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of Victory Sycamore volatility.

300 Days Market Risk

Very steady

Chance of Distress

300 Days Economic Sensitivity

Moves indifferently to market moves
Since volatility provides investors with entry points to take advantage of stock prices, companies, such as Victory Sycamore can benefit from it. Downward market volatility can be a perfect environment for investors who play the long game. Here, they may decide to buy additional stocks of Victory Sycamore at lower prices. For example, an investor can purchase Victory stock that has halved in price over a short period. This will lower your average cost per share, thereby improving your portfolio's performance when the markets normalize. Similarly, when the prices of Victory Sycamore's stock rises, investors can sell out and invest the proceeds in other equities with better opportunities. Investing when markets are volatile with better valuations will accord both investors and companies the opportunity to generate better long-term returns.

Moving together with Victory Sycamore

+0.99VISVXVanguard Index TrustPairCorr
+0.95VSIIXVanguard Small-Cap ValuePairCorr
+0.89DFSVXDfa US SmallPairCorr
+0.95DFTVXDfa US TargetedPairCorr
+0.95DFFVXDfa US TargetedPairCorr
+0.87UBVSXUndiscovered ManagersPairCorr
+0.93UBVCXUndiscovered ManagersPairCorr

Victory Sycamore Market Sensitivity And Downside Risk

Victory Sycamore's beta coefficient measures the volatility of Victory mutual fund compared to the systematic risk of the entire stock market represented by your selected benchmark. In mathematical terms, beta represents the slope of the line through a regression of data points where each of these points represents Victory mutual fund's returns against your selected market. In other words, Victory Sycamore's beta of 1.05 provides an investor with an approximation of how much risk Victory Sycamore mutual fund can potentially add to one of your existing portfolios.
Victory Sycamore Small has relatively low volatility with skewness of 0.37 and kurtosis of 0.13. However, we advise all investors to independently investigate Victory Sycamore Small to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Victory Sycamore's mutual fund risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Victory Sycamore's mutual fund price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
3 Months Beta |Analyze Victory Sycamore Small Demand Trend
Check current 90 days Victory Sycamore correlation with market (DOW)

Victory Beta

    
  1.05  
Victory standard deviation measures the daily dispersion of prices over your selected time horizon relative to its mean. Typical volatile equity has a high standard deviation, while the deviation of a stable instrument is usually low. As a downside, the standard deviation calculates all uncertainty as risk, even when it is in your favor, such as above-average returns.

Standard Deviation

    
  1.41  
It is essential to understand the difference between upside risk (as represented by Victory Sycamore's standard deviation) and the downside risk, which can be measured by semi-deviation or downside deviation of Victory Sycamore's daily returns or price. Since the actual investment returns on holding a position in victory mutual fund tend to have a non-normal distribution, there will be different probabilities for losses than for gains. The likelihood of losses is reflected in the downside risk of an investment in Victory Sycamore.

Victory Sycamore Small Mutual Fund Volatility Analysis

Volatility refers to the frequency at which Victory Sycamore fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with Victory Sycamore's price changes. Investors will then calculate the volatility of Victory Sycamore's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of Victory Sycamore's volatility:

Historical Volatility

This type of fund volatility measures Victory Sycamore's fluctuations based on previous trends. It's commonly used to predict Victory Sycamore's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.

Implied Volatility

This type of volatility provides a positive outlook on future price fluctuations for Victory Sycamore's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on Victory Sycamore's to be redeemed at a future date.
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. The Median Price line plots median indexes of Victory Sycamore Small price series.
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Victory Sycamore Projected Return Density Against Market

Assuming the 90 days horizon the mutual fund has the beta coefficient of 1.049 . This entails Victory Sycamore Small market returns are sensitive to returns on the market. As the market goes up or down, Victory Sycamore is expected to follow.
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Victory Sycamore or Victory Capital sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Victory Sycamore's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Victory fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
The company has an alpha of 0.0964, implying that it can generate a 0.0964 percent excess return over DOW after adjusting for the inherited market risk (beta).
   Predicted Return Density   
       Returns  
Victory Sycamore's volatility is measured either by using standard deviation or beta. Standard deviation will reflect the average amount of how victory mutual fund's price will differ from the mean after some time.To get its calculation, you should first determine the mean price during the specified period then subtract that from each price point.

What Drives a Victory Sycamore Price Volatility?

Several factors can influence a Fund's stock volatility:

Industry

Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.

Political and Economic environment

When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.

The Company's Performance

Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.

Victory Sycamore Mutual Fund Risk Measures

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Victory Sycamore or Victory Capital sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Victory Sycamore's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Victory fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision. Assuming the 90 days horizon the coefficient of variation of Victory Sycamore is 3471.12. The daily returns are distributed with a variance of 1.99 and standard deviation of 1.41. The mean deviation of Victory Sycamore Small is currently at 1.13. For similar time horizon, the selected benchmark (DOW) has volatility of 1.24
α
Alpha over DOW
0.1
β
Beta against DOW1.05
σ
Overall volatility
1.41
Ir
Information ratio 0.07

Victory Sycamore Mutual Fund Return Volatility

Victory Sycamore historical daily return volatility represents how much of Victory Sycamore fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 1.4121% volatility of returns over 90 . By contrast, DOW inherits 1.263% risk (volatility on return distribution) over the 90 days horizon.
 Performance (%) 
       Timeline  

About Victory Sycamore Volatility

Volatility is a rate at which the price of Victory Sycamore or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Victory Sycamore may increase or decrease. In other words, similar to Victory's beta indicator, it measures the risk of Victory Sycamore and helps estimate the fluctuations that may happen in a short period of time. So if prices of Victory Sycamore fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.
The fund invests primarily in the equity securities of smaller companies that the Adviser believes to be undervalued relative to the underlying earnings potential of the company. Victory Sycamore is traded on NASDAQ Exchange in the United States.

Victory Sycamore Investment Opportunity

Victory Sycamore Small has a volatility of 1.41 and is 1.12 times more volatile than DOW. 12  of all equities and portfolios are less risky than Victory Sycamore. Compared to the overall equity markets, volatility of historical daily returns of Victory Sycamore Small is lower than 12 () of all global equities and portfolios over the last 90 days. Use Victory Sycamore Small to protect your portfolios against small market fluctuations. Benchmarks are essential to demonstrate the utility of optimization algorithms. The mutual fund experiences a moderate downward daily trend and can be a good diversifier. Check odds of Victory Sycamore to be traded at $44.73 in 90 days.

Almost no diversification

The correlation between Victory Sycamore Small and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Victory Sycamore Small and DJI in the same portfolio, assuming nothing else is changed.

Victory Sycamore Additional Risk Indicators

The analysis of Victory Sycamore's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in Victory Sycamore's investment and either accepting that risk or mitigating it. Along with some common measures of Victory Sycamore mutual fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Victory Sycamore Suggested Diversification Pairs

Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Victory Sycamore as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Victory Sycamore's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Victory Sycamore's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Victory Sycamore Small.
Also, please take a look at World Market Map. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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Please note, there is a significant difference between Victory Sycamore's value and its price as these two are different measures arrived at by different means. Investors typically determine Victory Sycamore value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Victory Sycamore'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.