Victory Tax Exempt Fund Market Value
| GUTEX Fund | USD 8.24 0.02 0.24% |
| Symbol | VICTORY |
Victory Tax-exempt '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 Tax-exempt'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 Tax-exempt.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Victory Tax-exempt on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Victory Tax Exempt Fund or generate 0.0% return on investment in Victory Tax-exempt over 90 days. Victory Tax-exempt is related to or competes with Lifestyle, Blackrock Moderate, Saat Moderate, Jp Morgan, Pgim Conservative, and Retirement Living. The fund invests primarily in investment-grade municipal obligations, the interest on which is, in the opinion of the is... More
Victory Tax-exempt 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 Tax-exempt'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 Tax Exempt Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.097 | |||
| Maximum Drawdown | 1.68 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 0.4768 |
Victory Tax-exempt Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Tax-exempt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Tax-exempt's standard deviation. In reality, there are many statistical measures that can use Victory Tax-exempt historical prices to predict the future Victory Tax-exempt's volatility.| Risk Adjusted Performance | (0.17) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.92) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory Tax-exempt'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 Tax Exempt Backtested Returns
Victory Tax Exempt owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0986, which indicates the fund had a -0.0986 % return per unit of risk over the last 3 months. Victory Tax Exempt Fund exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Victory Tax-exempt's Variance of 0.1294, risk adjusted performance of (0.17), and Coefficient Of Variation of (560.94) to confirm the risk estimate we provide. The entity has a beta of 0.0802, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Victory Tax-exempt's returns are expected to increase less than the market. However, during the bear market, the loss of holding Victory Tax-exempt is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Victory Tax Exempt Fund has good reverse predictability. Overlapping area represents the amount of predictability between Victory Tax-exempt time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 Tax Exempt price movement. The serial correlation of -0.51 indicates that about 51.0% of current Victory Tax-exempt price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Victory Tax Exempt lagged returns against current returns
Autocorrelation, which is Victory Tax-exempt 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 Tax-exempt's mutual fund expected returns. We can calculate the autocorrelation of Victory Tax-exempt returns to help us make a trade decision. For example, suppose you find that Victory Tax-exempt 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 Tax-exempt 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 Tax-exempt mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Tax-exempt 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 Tax-exempt mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Tax-exempt Lagged Returns
When evaluating Victory Tax-exempt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Tax-exempt mutual fund have on its future price. Victory Tax-exempt 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 Tax-exempt autocorrelation shows the relationship between Victory Tax-exempt mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Tax Exempt 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 VICTORY Mutual Fund
Victory Tax-exempt 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 Tax-exempt security.
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