Victory Incore Fund Market Value

VFFRX Fund  USD 6.84  0.01  0.15%   
Victory Incore's market value is the price at which a share of Victory Incore trades on a public exchange. It measures the collective expectations of Victory Incore Fund investors about its performance. Victory Incore is trading at 6.84 as of the 17th of December 2024; that is 0.15% down since the beginning of the trading day. The fund's open price was 6.85.
With this module, you can estimate the performance of a buy and hold strategy of Victory Incore Fund and determine expected loss or profit from investing in Victory Incore over a given investment horizon. Check out Victory Incore Correlation, Victory Incore Volatility and Victory Incore Alpha and Beta module to complement your research on Victory Incore.
Symbol

Please note, there is a significant difference between Victory Incore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Victory Incore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Victory Incore'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.

Victory Incore '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 Incore'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 Incore.
0.00
04/21/2024
No Change 0.00  0.0 
In 7 months and 28 days
12/17/2024
0.00
If you would invest  0.00  in Victory Incore on April 21, 2024 and sell it all today you would earn a total of 0.00 from holding Victory Incore Fund or generate 0.0% return on investment in Victory Incore over 240 days. Victory Incore is related to or competes with Aam Select, Acm Dynamic, Rbc Microcap, Ab Value, and Red Oak. The fund invests primarily in securities issued by the U.S More

Victory Incore 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 Incore'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 Incore Fund upside and downside potential and time the market with a certain degree of confidence.

Victory Incore Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Incore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Incore's standard deviation. In reality, there are many statistical measures that can use Victory Incore historical prices to predict the future Victory Incore's volatility.
Hype
Prediction
LowEstimatedHigh
6.167.277.39
Details
Intrinsic
Valuation
LowRealHigh
6.167.527.64
Details

Victory Incore Backtested Returns

Victory Incore owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.058, which indicates the fund had a -0.058% return per unit of risk over the last 3 months. Victory Incore Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Victory Incore's Variance of 0.0141, coefficient of variation of (1,807), and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of -0.0014, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Victory Incore are expected to decrease at a much lower rate. During the bear market, Victory Incore is likely to outperform the market.

Auto-correlation

    
  -0.15  

Insignificant reverse predictability

Victory Incore Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Victory Incore time series from 21st of April 2024 to 19th of August 2024 and 19th of August 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 Incore price movement. The serial correlation of -0.15 indicates that less than 15.0% of current Victory Incore price fluctuation can be explain by its past prices.
Correlation Coefficient-0.15
Spearman Rank Test-0.07
Residual Average0.0
Price Variance0.0

Victory Incore lagged returns against current returns

Autocorrelation, which is Victory Incore 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 Incore's mutual fund expected returns. We can calculate the autocorrelation of Victory Incore returns to help us make a trade decision. For example, suppose you find that Victory Incore 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 Incore 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 Incore mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Incore 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 Incore mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Victory Incore Lagged Returns

When evaluating Victory Incore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Incore mutual fund have on its future price. Victory Incore 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 Incore autocorrelation shows the relationship between Victory Incore mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Incore Fund.
   Regressed Prices   
       Timeline  

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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 Incore 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 Incore security.
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