Victoryshares Small Cap Etf Market Value
| CSB Etf | USD 62.23 0.78 1.24% |
| Symbol | VictoryShares |
The market value of VictoryShares Small Cap 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 Small's value that differs from its market value or its book value, called intrinsic value, which is VictoryShares Small'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 Small's market value can be influenced by many factors that don't directly affect VictoryShares Small'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 Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if VictoryShares Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VictoryShares Small'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 Small '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 Small'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 Small.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in VictoryShares Small on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding VictoryShares Small Cap or generate 0.0% return on investment in VictoryShares Small over 570 days. VictoryShares Small is related to or competes with VictoryShares Discovery, VictoryShares, First Trust, and VictoryShares 500. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of ... More
VictoryShares Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7408 | |||
| Information Ratio | 0.0585 | |||
| Maximum Drawdown | 7.44 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.77 |
VictoryShares Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VictoryShares Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VictoryShares Small's standard deviation. In reality, there are many statistical measures that can use VictoryShares Small historical prices to predict the future VictoryShares Small's volatility.| Risk Adjusted Performance | 0.116 | |||
| Jensen Alpha | 0.035 | |||
| Total Risk Alpha | 0.0068 | |||
| Sortino Ratio | 0.0919 | |||
| Treynor Ratio | 0.1282 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VictoryShares Small'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.
VictoryShares Small Cap Backtested Returns
At this point, VictoryShares Small is very steady. VictoryShares Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for VictoryShares Small Cap, which you can use to evaluate the volatility of the etf. Please validate VictoryShares Small's Semi Deviation of 0.5172, coefficient of variation of 647.08, and Risk Adjusted Performance of 0.116 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 1.32, 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, VictoryShares Small will likely underperform.
Auto-correlation | 0.52 |
Modest predictability
VictoryShares Small Cap has modest predictability. Overlapping area represents the amount of predictability between VictoryShares Small time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 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 VictoryShares Small Cap price movement. The serial correlation of 0.52 indicates that about 52.0% of current VictoryShares Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 11.66 |
VictoryShares Small Cap lagged returns against current returns
Autocorrelation, which is VictoryShares Small 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 Small's etf expected returns. We can calculate the autocorrelation of VictoryShares Small returns to help us make a trade decision. For example, suppose you find that VictoryShares Small 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 Small 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 Small etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VictoryShares Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VictoryShares Small etf over time.
Current vs Lagged Prices |
| Timeline |
VictoryShares Small Lagged Returns
When evaluating VictoryShares Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VictoryShares Small etf have on its future price. VictoryShares Small 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 Small autocorrelation shows the relationship between VictoryShares Small etf current value and its past values and can show if there is a momentum factor associated with investing in VictoryShares Small 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.When determining whether VictoryShares Small Cap offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VictoryShares Small's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Victoryshares Small Cap Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Victoryshares Small Cap Etf:Check out VictoryShares Small Correlation, VictoryShares Small Volatility and VictoryShares Small Alpha and Beta module to complement your research on VictoryShares Small. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
VictoryShares Small 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.