Victoryshares Thb Mid Etf Market Value
| MDCP Etf | USD 26.99 0.45 1.70% |
| Symbol | VictoryShares |
The market value of VictoryShares THB Mid 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 THB's value that differs from its market value or its book value, called intrinsic value, which is VictoryShares THB'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 THB's market value can be influenced by many factors that don't directly affect VictoryShares THB'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 THB's value and its price as these two are different measures arrived at by different means. Investors typically determine if VictoryShares THB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VictoryShares THB'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 THB '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 THB'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 THB.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in VictoryShares THB on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding VictoryShares THB Mid or generate 0.0% return on investment in VictoryShares THB over 90 days. VictoryShares THB is related to or competes with Freedom Day, IShares MSCI, Tidal Trust, IShares Dividend, SmartETFs Dividend, Listed Funds, and Martin Currie. The adviser pursues the funds investment objective by investing, under normal circumstances, at least 80 percent of its ... More
VictoryShares THB 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 THB'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 THB Mid upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.33 |
VictoryShares THB Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VictoryShares THB's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VictoryShares THB's standard deviation. In reality, there are many statistical measures that can use VictoryShares THB historical prices to predict the future VictoryShares THB's volatility.| Risk Adjusted Performance | (0.18) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (0.31) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VictoryShares THB'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 THB Mid Backtested Returns
VictoryShares THB Mid owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.15, which indicates the etf had a -0.15 % return per unit of risk over the last 3 months. VictoryShares THB Mid exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VictoryShares THB's Risk Adjusted Performance of (0.18), coefficient of variation of (466.39), and Variance of 0.8227 to confirm the risk estimate we provide. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VictoryShares THB's returns are expected to increase less than the market. However, during the bear market, the loss of holding VictoryShares THB is expected to be smaller as well.
Auto-correlation | -0.09 |
Very weak reverse predictability
VictoryShares THB Mid has very weak reverse predictability. Overlapping area represents the amount of predictability between VictoryShares THB time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 VictoryShares THB Mid price movement. The serial correlation of -0.09 indicates that less than 9.0% of current VictoryShares THB price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
VictoryShares THB Mid lagged returns against current returns
Autocorrelation, which is VictoryShares THB 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 THB's etf expected returns. We can calculate the autocorrelation of VictoryShares THB returns to help us make a trade decision. For example, suppose you find that VictoryShares THB 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 THB 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 THB etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VictoryShares THB etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VictoryShares THB etf over time.
Current vs Lagged Prices |
| Timeline |
VictoryShares THB Lagged Returns
When evaluating VictoryShares THB's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VictoryShares THB etf have on its future price. VictoryShares THB 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 THB autocorrelation shows the relationship between VictoryShares THB etf current value and its past values and can show if there is a momentum factor associated with investing in VictoryShares THB Mid.
Regressed Prices |
| Timeline |
Pair Trading with VictoryShares THB
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if VictoryShares THB position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VictoryShares THB will appreciate offsetting losses from the drop in the long position's value.Moving together with VictoryShares Etf
| 0.73 | VO | Vanguard Mid Cap | PairCorr |
| 0.79 | VXF | Vanguard Extended Market | PairCorr |
| 0.87 | IJH | iShares Core SP | PairCorr |
| 0.77 | IWR | iShares Russell Mid | PairCorr |
| 0.87 | MDY | SPDR SP MIDCAP | PairCorr |
Moving against VictoryShares Etf
The ability to find closely correlated positions to VictoryShares THB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VictoryShares THB when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VictoryShares THB - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VictoryShares THB Mid to buy it.
The correlation of VictoryShares THB is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VictoryShares THB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VictoryShares THB Mid moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for VictoryShares THB can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out VictoryShares THB Correlation, VictoryShares THB Volatility and VictoryShares THB Alpha and Beta module to complement your research on VictoryShares THB. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
VictoryShares THB 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.