Victoryshares 500 Enhanced Etf Market Value
| CFO Etf | USD 63.56 0.44 0.70% |
| Symbol | VictoryShares |
The market value of VictoryShares 500 is measured differently than its book value, which is the value of VictoryShares that is recorded on the company's balance sheet. Investors also form their own opinion of VictoryShares 500's value that differs from its market value or its book value, called intrinsic value, which is VictoryShares 500's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because VictoryShares 500's market value can be influenced by many factors that don't directly affect VictoryShares 500's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between VictoryShares 500's value and its price as these two are different measures arrived at by different means. Investors typically determine if VictoryShares 500 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VictoryShares 500'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.
VictoryShares 500 '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 VictoryShares 500's etf 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 VictoryShares 500.
| 02/12/2023 |
| 05/07/2024 |
If you would invest 0.00 in VictoryShares 500 on February 12, 2023 and sell it all today you would earn a total of 0.00 from holding VictoryShares 500 Enhanced or generate 0.0% return on investment in VictoryShares 500 over 450 days. VictoryShares 500 is related to or competes with Anfield Universal, Aptus Drawdown, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of ... More
VictoryShares 500 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 VictoryShares 500's etf 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 VictoryShares 500 Enhanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7385 | |||
| Information Ratio | 0.002 | |||
| Maximum Drawdown | 2.64 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.14 |
VictoryShares 500 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VictoryShares 500's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VictoryShares 500's standard deviation. In reality, there are many statistical measures that can use VictoryShares 500 historical prices to predict the future VictoryShares 500's volatility.| Risk Adjusted Performance | 0.0759 | |||
| Jensen Alpha | 0.0598 | |||
| Total Risk Alpha | 6.0E-4 | |||
| Sortino Ratio | 0.0017 | |||
| Treynor Ratio | 0.6443 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VictoryShares 500'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.
VictoryShares 500 Backtested Returns
We consider VictoryShares 500 very steady. VictoryShares 500 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0963, which indicates the etf had a 0.0963% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VictoryShares 500 Enhanced, which you can use to evaluate the volatility of the etf. Please validate VictoryShares 500's Coefficient Of Variation of 824.16, semi deviation of 0.6207, and Risk Adjusted Performance of 0.0759 to confirm if the risk estimate we provide is consistent with the expected return of 0.0598%. The entity has a beta of 0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VictoryShares 500's returns are expected to increase less than the market. However, during the bear market, the loss of holding VictoryShares 500 is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
VictoryShares 500 Enhanced has very weak predictability. Overlapping area represents the amount of predictability between VictoryShares 500 time series from 12th of February 2023 to 25th of September 2023 and 25th of September 2023 to 7th 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 VictoryShares 500 price movement. The serial correlation of 0.18 indicates that over 18.0% of current VictoryShares 500 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 8.11 |
VictoryShares 500 lagged returns against current returns
Autocorrelation, which is VictoryShares 500 etf'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 VictoryShares 500's etf expected returns. We can calculate the autocorrelation of VictoryShares 500 returns to help us make a trade decision. For example, suppose you find that VictoryShares 500 has exhibited high autocorrelation historically, and you observe that the etf 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 |
VictoryShares 500 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 VictoryShares 500 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VictoryShares 500 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VictoryShares 500 etf over time.
Current vs Lagged Prices |
| Timeline |
VictoryShares 500 Lagged Returns
When evaluating VictoryShares 500's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VictoryShares 500 etf have on its future price. VictoryShares 500 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, VictoryShares 500 autocorrelation shows the relationship between VictoryShares 500 etf current value and its past values and can show if there is a momentum factor associated with investing in VictoryShares 500 Enhanced.
Regressed Prices |
| Timeline |
Pair Trading with VictoryShares 500
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if VictoryShares 500 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VictoryShares 500 will appreciate offsetting losses from the drop in the long position's value.Moving together with VictoryShares Etf
| 0.92 | VTI | Vanguard Total Stock | PairCorr |
| 0.9 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.93 | IVV | iShares Core SP | PairCorr |
| 0.9 | VIG | Vanguard Dividend | PairCorr |
| 0.94 | VV | Vanguard Large Cap | PairCorr |
The ability to find closely correlated positions to VictoryShares 500 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VictoryShares 500 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VictoryShares 500 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VictoryShares 500 Enhanced to buy it.
The correlation of VictoryShares 500 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VictoryShares 500 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VictoryShares 500 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for VictoryShares 500 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out VictoryShares 500 Correlation, VictoryShares 500 Volatility and VictoryShares 500 Alpha and Beta module to complement your research on VictoryShares 500. Note that the VictoryShares 500 information on this page should be used as a complementary analysis to other VictoryShares 500's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
VictoryShares 500 technical etf 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, etf market cycles, or different charting patterns.