Victory Rs Growth Fund Market Value
| RGRYX Fund | USD 28.65 0.11 0.38% |
| Symbol | Victory |
Victory Rs '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 Rs' 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 Rs.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Victory Rs on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Victory Rs Growth or generate 0.0% return on investment in Victory Rs over 30 days. Victory Rs is related to or competes with International Fund, Small Cap, Income Stock, and Emerging Markets. The fund invests principally in equity securities of companies considered by the funds investment team to be large-cap c... More
Victory Rs 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 Rs' 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 Rs Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9218 | |||
| Information Ratio | 0.0531 | |||
| Maximum Drawdown | 5.64 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.78 |
Victory Rs Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Rs' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Rs' standard deviation. In reality, there are many statistical measures that can use Victory Rs historical prices to predict the future Victory Rs' volatility.| Risk Adjusted Performance | 0.0756 | |||
| Jensen Alpha | 0.0513 | |||
| Total Risk Alpha | 0.0126 | |||
| Sortino Ratio | 0.0635 | |||
| Treynor Ratio | 0.1043 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory Rs' 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 Rs Growth Backtested Returns
We consider Victory Rs very steady. Victory Rs Growth owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0777, which indicates the fund had a 0.0777% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Victory Rs Growth, which you can use to evaluate the volatility of the fund. Please validate Victory Rs' Semi Deviation of 0.7776, coefficient of variation of 867.37, and Risk Adjusted Performance of 0.0756 to confirm if the risk estimate we provide is consistent with the expected return of 0.0855%. The entity has a beta of 1.12, which indicates a somewhat significant risk relative to the market. Victory Rs returns are very sensitive to returns on the market. As the market goes up or down, Victory Rs is expected to follow.
Auto-correlation | 0.75 |
Good predictability
Victory Rs Growth has good predictability. Overlapping area represents the amount of predictability between Victory Rs time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Rs Growth price movement. The serial correlation of 0.75 indicates that around 75.0% of current Victory Rs price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Victory Rs Growth lagged returns against current returns
Autocorrelation, which is Victory Rs 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 Rs' mutual fund expected returns. We can calculate the autocorrelation of Victory Rs returns to help us make a trade decision. For example, suppose you find that Victory Rs 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 Rs 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 Rs mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Rs 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 Rs mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Rs Lagged Returns
When evaluating Victory Rs' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Rs mutual fund have on its future price. Victory Rs 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 Rs autocorrelation shows the relationship between Victory Rs mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Rs Growth.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Victory Rs Correlation, Victory Rs Volatility and Victory Rs Alpha and Beta module to complement your research on Victory Rs. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Victory Rs 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.