Victory Integrity Smallmid Cap Fund Market Value
| MAISX Fund | USD 22.42 2.31 9.34% |
| 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.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Victory Integrity on November 17, 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 Victory Rs, Victory High, Victory Sycamore, Victory Integrity, Victory Munder, Victory Munder, and Victory Incore. 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.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 6.32 | |||
| Value At Risk | (1.19) | |||
| Potential Upside | 1.72 |
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) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.02) |
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
Victory Integrity owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0271, which indicates the fund had a -0.0271% return per unit of risk over the last 3 months. Victory Integrity Smallmid Cap exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Victory Integrity's insignificant Risk Adjusted Performance, variance of 2.41, and Coefficient Of Variation of (8,675) to confirm the risk estimate we provide. The entity has a beta of 1.36, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Victory Integrity will likely underperform.
Auto-correlation | -0.93 |
Near perfect reversele predictability
Victory Integrity Smallmid Cap has near perfect reversele predictability. Overlapping area represents the amount of predictability between Victory Integrity time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Victory Integrity price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Victory Integrity price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
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 |
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.Other Information on Investing in Victory Mutual Fund
Victory Integrity financial ratios help investors to determine whether Victory Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Victory with respect to the benefits of owning Victory Integrity security.
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