Virginia Bond Fund Market Value
| USVAX Fund | USD 10.67 0.03 0.28% |
| Symbol | Virginia |
Virginia Bond '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 Virginia Bond'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 Virginia Bond.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Virginia Bond on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Virginia Bond Fund or generate 0.0% return on investment in Virginia Bond over 30 days. Virginia Bond is related to or competes with Virginia Tax, Virginia Bond, Virginia Tax-free, Prudential Jennison, and Fidelity New. The fund invests primarily in long-term investment-grade securities issued by the Commonwealth of Virginia, its politica... More
Virginia Bond 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 Virginia Bond'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 Virginia Bond Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4023 | |||
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 1.72 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.3842 |
Virginia Bond Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Virginia Bond's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Virginia Bond's standard deviation. In reality, there are many statistical measures that can use Virginia Bond historical prices to predict the future Virginia Bond's volatility.| Risk Adjusted Performance | 0.0555 | |||
| Jensen Alpha | 0.0296 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | (0.17) |
Virginia Bond Backtested Returns
At this stage we consider Virginia Mutual Fund to be very steady. Virginia Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0762, which indicates the fund had a 0.0762% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Virginia Bond Fund, which you can use to evaluate the volatility of the fund. Please validate Virginia Bond's Semi Deviation of 0.2152, risk adjusted performance of 0.0555, and Coefficient Of Variation of 1075.66 to confirm if the risk estimate we provide is consistent with the expected return of 0.0229%. The entity has a beta of -0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Virginia Bond are expected to decrease at a much lower rate. During the bear market, Virginia Bond is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
Virginia Bond Fund has good predictability. Overlapping area represents the amount of predictability between Virginia Bond time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Virginia Bond price movement. The serial correlation of 0.77 indicates that around 77.0% of current Virginia Bond price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Virginia Bond lagged returns against current returns
Autocorrelation, which is Virginia Bond 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 Virginia Bond's mutual fund expected returns. We can calculate the autocorrelation of Virginia Bond returns to help us make a trade decision. For example, suppose you find that Virginia Bond 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 |
Virginia Bond 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 Virginia Bond mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Virginia Bond mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Virginia Bond mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Virginia Bond Lagged Returns
When evaluating Virginia Bond's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Virginia Bond mutual fund have on its future price. Virginia Bond 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, Virginia Bond autocorrelation shows the relationship between Virginia Bond mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Virginia Bond Fund.
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 Virginia Mutual Fund
Virginia Bond financial ratios help investors to determine whether Virginia 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 Virginia with respect to the benefits of owning Virginia Bond security.
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