Vy T Rowe Fund Market Value
| ITRAX Fund | USD 25.42 0.10 0.39% |
| Symbol | ITRAX |
Vy T '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 Vy T'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 Vy T.
| 02/14/2024 |
| 05/14/2024 |
If you would invest 0.00 in Vy T on February 14, 2024 and sell it all today you would earn a total of 0.00 from holding Vy T Rowe or generate 0.0% return on investment in Vy T over 90 days. Vy T is related to or competes with Ab Core, Kirr Marbach, Eic Value, Ab Value, Rbb Fund, Qs Global, and Eip Growth. The investment seeks over the long-term, a high total investment return, consistent with the preservation of capital and... More
Vy T 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 Vy T'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 Vy T Rowe upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4645 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 2.13 | |||
| Value At Risk | (0.76) | |||
| Potential Upside | 0.7177 |
Vy T Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vy T's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vy T's standard deviation. In reality, there are many statistical measures that can use Vy T historical prices to predict the future Vy T's volatility.| Risk Adjusted Performance | 0.0636 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0707 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vy T'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.
Vy T Rowe Backtested Returns
We consider Vy T very steady. Vy T Rowe retains Efficiency (Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Vy T, which you can use to evaluate the volatility of the fund. Please validate Vy T's Risk Adjusted Performance of 0.0636, downside deviation of 0.4645, and Mean Deviation of 0.3449 to confirm if the risk estimate we provide is consistent with the expected return of 0.0478%. The entity owns a Beta (Systematic Risk) of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vy T's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vy T is expected to be smaller as well.
Auto-correlation | 0.18 |
Very weak predictability
Vy T Rowe has very weak predictability. Overlapping area represents the amount of predictability between Vy T time series from 14th of February 2024 to 30th of March 2024 and 30th of March 2024 to 14th 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 Vy T Rowe price movement. The serial correlation of 0.18 indicates that over 18.0% of current Vy T price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.18 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Vy T Rowe lagged returns against current returns
Autocorrelation, which is Vy T 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 Vy T's mutual fund expected returns. We can calculate the autocorrelation of Vy T returns to help us make a trade decision. For example, suppose you find that Vy T 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 |
Vy T 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 Vy T mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vy T mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vy T mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vy T Lagged Returns
When evaluating Vy T's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vy T mutual fund have on its future price. Vy T 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, Vy T autocorrelation shows the relationship between Vy T mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vy T Rowe.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Vy T Correlation, Vy T Volatility and Vy T Alpha and Beta module to complement your research on Vy T. Note that the Vy T Rowe information on this page should be used as a complementary analysis to other Vy T'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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Vy T 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.