Victoryshares International Volatility Etf Market Value
| CIL Etf | USD 43.50 0.43 1.00% |
| Symbol | VictoryShares |
The market value of VictoryShares International 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 International's value that differs from its market value or its book value, called intrinsic value, which is VictoryShares International'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 International's market value can be influenced by many factors that don't directly affect VictoryShares International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if VictoryShares International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VictoryShares International'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 International '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 International'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 International.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in VictoryShares International on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding VictoryShares International Volatility or generate 0.0% return on investment in VictoryShares International over 30 days. VictoryShares International is related to or competes with VictoryShares Discovery, VictoryShares 500, and VictoryShares 500. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of ... More
VictoryShares International 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 International'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 International Volatility upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 1.26 |
VictoryShares International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VictoryShares International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VictoryShares International's standard deviation. In reality, there are many statistical measures that can use VictoryShares International historical prices to predict the future VictoryShares International's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.1) |
VictoryShares International Backtested Returns
VictoryShares International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0196, which indicates the etf had a -0.0196% return per unit of risk over the last 3 months. VictoryShares International Volatility exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VictoryShares International's Variance of 0.5847, coefficient of variation of (2,969), and Risk Adjusted Performance of (0.03) to confirm the risk estimate we provide. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VictoryShares International's returns are expected to increase less than the market. However, during the bear market, the loss of holding VictoryShares International is expected to be smaller as well.
Auto-correlation | -0.85 |
Excellent reverse predictability
VictoryShares International Volatility has excellent reverse predictability. Overlapping area represents the amount of predictability between VictoryShares International time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 International price movement. The serial correlation of -0.85 indicates that around 85.0% of current VictoryShares International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
VictoryShares International lagged returns against current returns
Autocorrelation, which is VictoryShares International 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 International's etf expected returns. We can calculate the autocorrelation of VictoryShares International returns to help us make a trade decision. For example, suppose you find that VictoryShares International 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VictoryShares International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VictoryShares International etf over time.
Current vs Lagged Prices |
| Timeline |
VictoryShares International Lagged Returns
When evaluating VictoryShares International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VictoryShares International etf have on its future price. VictoryShares International 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 International autocorrelation shows the relationship between VictoryShares International etf current value and its past values and can show if there is a momentum factor associated with investing in VictoryShares International Volatility.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out VictoryShares International Correlation, VictoryShares International Volatility and VictoryShares International Alpha and Beta module to complement your research on VictoryShares International. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
VictoryShares International 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.