Victory Integrity Smallmid Cap Fund Market Value
| MIRSX Fund | USD 21.88 0.06 0.27% |
| Symbol | Victory |
Victory Integrity '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 Integrity'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 Integrity.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Victory Integrity on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Victory Integrity Smallmid Cap or generate 0.0% return on investment in Victory Integrity over 30 days. Victory Integrity is related to or competes with Federated Equity, Eic Value, Touchstone Large, Alternative Asset, Rational Strategic, Semiconductor Ultrasector, and Aqr Large. The adviser pursues the funds investment objective by investing, under normal circumstances, at least 80 percent of the ... More
Victory Integrity 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 Integrity'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 Integrity Smallmid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.94 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.31 |
Victory Integrity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Integrity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Integrity's standard deviation. In reality, there are many statistical measures that can use Victory Integrity historical prices to predict the future Victory Integrity's volatility.| Risk Adjusted Performance | 0.0208 | |||
| Jensen Alpha | 0.0118 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2177 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory Integrity'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 Integrity Backtested Returns
We consider Victory Integrity very steady. Victory Integrity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0283, which indicates the fund had a 0.0283% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Victory Integrity Smallmid Cap, which you can use to evaluate the volatility of the fund. Please validate Victory Integrity's Risk Adjusted Performance of 0.0208, coefficient of variation of 3536.3, and Semi Deviation of 0.9662 to confirm if the risk estimate we provide is consistent with the expected return of 0.0261%. The entity has a beta of 0.0741, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Victory Integrity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Victory Integrity is expected to be smaller as well.
Auto-correlation | -0.06 |
Very weak reverse predictability
Victory Integrity Smallmid Cap has very weak reverse predictability. Overlapping area represents the amount of predictability between Victory Integrity 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 Integrity price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Victory Integrity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Victory Integrity lagged returns against current returns
Autocorrelation, which is Victory Integrity 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 Integrity's mutual fund expected returns. We can calculate the autocorrelation of Victory Integrity returns to help us make a trade decision. For example, suppose you find that Victory Integrity 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 Integrity 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 Integrity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Integrity 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 Integrity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Integrity Lagged Returns
When evaluating Victory Integrity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Integrity mutual fund have on its future price. Victory Integrity 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 Integrity autocorrelation shows the relationship between Victory Integrity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Integrity Smallmid Cap.
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 Integrity 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 Integrity's short interest history, or implied volatility extrapolated from Victory Integrity options trading.
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Victory Integrity 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.