Victory Trivalent International Fund Market Value
| MISAX Fund | USD 15.62 0.15 0.97% |
| Symbol | Victory |
Victory Trivalent '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 Trivalent'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 Trivalent.
| 03/03/2024 |
| 06/01/2024 |
If you would invest 0.00 in Victory Trivalent on March 3, 2024 and sell it all today you would earn a total of 0.00 from holding Victory Trivalent International or generate 0.0% return on investment in Victory Trivalent over 90 days. Victory Trivalent is related to or competes with International Opportunity, Baron Emerging, The Tocqueville, and Global Opportunity. The adviser pursues the funds investment objective by investing primarily in equity securities of companies principally ... More
Victory Trivalent 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 Trivalent'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 Trivalent International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7468 | |||
| Information Ratio | 0.0939 | |||
| Maximum Drawdown | 3.44 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.17 |
Victory Trivalent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Trivalent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Trivalent's standard deviation. In reality, there are many statistical measures that can use Victory Trivalent historical prices to predict the future Victory Trivalent's volatility.| Risk Adjusted Performance | 0.0982 | |||
| Jensen Alpha | 0.0702 | |||
| Total Risk Alpha | 0.0633 | |||
| Sortino Ratio | 0.0941 | |||
| Treynor Ratio | 0.1053 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory Trivalent'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 Trivalent Backtested Returns
We consider Victory Trivalent very steady. Victory Trivalent owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Victory Trivalent International, which you can use to evaluate the volatility of the fund. Please validate Victory Trivalent's Coefficient Of Variation of 647.38, risk adjusted performance of 0.0982, and Semi Deviation of 0.6075 to confirm if the risk estimate we provide is consistent with the expected return of 0.0998%. The entity has a beta of 1.0, which indicates a somewhat significant risk relative to the market. Victory Trivalent returns are very sensitive to returns on the market. As the market goes up or down, Victory Trivalent is expected to follow.
Auto-correlation | 0.42 |
Average predictability
Victory Trivalent International has average predictability. Overlapping area represents the amount of predictability between Victory Trivalent time series from 3rd of March 2024 to 17th of April 2024 and 17th of April 2024 to 1st of June 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 Trivalent price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Victory Trivalent price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Victory Trivalent lagged returns against current returns
Autocorrelation, which is Victory Trivalent 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 Trivalent's mutual fund expected returns. We can calculate the autocorrelation of Victory Trivalent returns to help us make a trade decision. For example, suppose you find that Victory Trivalent 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 Trivalent 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 Trivalent mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Trivalent 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 Trivalent mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Trivalent Lagged Returns
When evaluating Victory Trivalent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Trivalent mutual fund have on its future price. Victory Trivalent 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 Trivalent autocorrelation shows the relationship between Victory Trivalent mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Trivalent International.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Victory Trivalent Correlation, Victory Trivalent Volatility and Victory Trivalent Alpha and Beta module to complement your research on Victory Trivalent. Note that the Victory Trivalent information on this page should be used as a complementary analysis to other Victory Trivalent'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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Victory Trivalent 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.