Vela Income Opportunities Fund Market Value
| VIOIX Fund | USD 9.82 0.03 0.30% |
| Symbol | Vela |
Vela Income '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 Vela Income'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 Vela Income.
| 12/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Vela Income on December 19, 2023 and sell it all today you would earn a total of 0.00 from holding Vela Income Opportunities or generate 0.0% return on investment in Vela Income over 360 days. Vela Income is related to or competes with Vela International, Vela International, Vela Large, Vela Large, Vela Small, Vela Small, and Vela Income. The fund, under normal market conditions, invests at least 80 percent of its net assets in income producing securities More
Vela Income 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 Vela Income'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 Vela Income Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3534 | |||
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 1.93 | |||
| Value At Risk | (0.51) | |||
| Potential Upside | 0.6116 |
Vela Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vela Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vela Income's standard deviation. In reality, there are many statistical measures that can use Vela Income historical prices to predict the future Vela Income's volatility.| Risk Adjusted Performance | 0.0548 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | 0.0567 |
Vela Income Opportunities Backtested Returns
At this stage we consider Vela Mutual Fund to be very steady. Vela Income Opportunities owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0401, which indicates the fund had a 0.0401% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vela Income Opportunities, which you can use to evaluate the volatility of the fund. Please validate Vela Income's Coefficient Of Variation of 1136.49, semi deviation of 0.2452, and Risk Adjusted Performance of 0.0548 to confirm if the risk estimate we provide is consistent with the expected return of 0.0151%. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vela Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vela Income is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Vela Income Opportunities has very good predictability. Overlapping area represents the amount of predictability between Vela Income time series from 19th of December 2023 to 16th of June 2024 and 16th of June 2024 to 13th 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 Vela Income Opportunities price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Vela Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Vela Income Opportunities lagged returns against current returns
Autocorrelation, which is Vela Income 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 Vela Income's mutual fund expected returns. We can calculate the autocorrelation of Vela Income returns to help us make a trade decision. For example, suppose you find that Vela Income 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 |
Vela Income 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 Vela Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vela Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vela Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vela Income Lagged Returns
When evaluating Vela Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vela Income mutual fund have on its future price. Vela Income 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, Vela Income autocorrelation shows the relationship between Vela Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vela Income Opportunities.
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 Vela Mutual Fund
Vela Income financial ratios help investors to determine whether Vela 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 Vela with respect to the benefits of owning Vela Income security.
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