Victoryshares Value Momentum Etf Market Value
| ULVM Etf | USD 83.64 0.13 0.16% |
| Symbol | VictoryShares |
The market value of VictoryShares Value 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 Value's value that differs from its market value or its book value, called intrinsic value, which is VictoryShares Value'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 Value's market value can be influenced by many factors that don't directly affect VictoryShares Value'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 Value's value and its price as these two are different measures arrived at by different means. Investors typically determine if VictoryShares Value is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VictoryShares Value'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 Value '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 Value'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 Value.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in VictoryShares Value on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding VictoryShares Value Momentum or generate 0.0% return on investment in VictoryShares Value over 30 days. VictoryShares Value is related to or competes with VictoryShares Small, VictoryShares International, VictoryShares Emerging, SPDR Russell, and VictoryShares USAA. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of its a... More
VictoryShares Value 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 Value'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 Value Momentum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8382 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.06 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 1.1 |
VictoryShares Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VictoryShares Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VictoryShares Value's standard deviation. In reality, there are many statistical measures that can use VictoryShares Value historical prices to predict the future VictoryShares Value's volatility.| Risk Adjusted Performance | 0.0027 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VictoryShares Value'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 Value Backtested Returns
VictoryShares Value owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0774, which indicates the etf had a -0.0774 % return per unit of risk over the last 3 months. VictoryShares Value Momentum exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VictoryShares Value's Risk Adjusted Performance of 0.0027, coefficient of variation of 30602.51, and Semi Deviation of 0.8231 to confirm the risk estimate we provide. The entity has a beta of 0.0555, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VictoryShares Value's returns are expected to increase less than the market. However, during the bear market, the loss of holding VictoryShares Value is expected to be smaller as well.
Auto-correlation | -0.28 |
Weak reverse predictability
VictoryShares Value Momentum has weak reverse predictability. Overlapping area represents the amount of predictability between VictoryShares Value time series from 27th of January 2025 to 11th of February 2025 and 11th of February 2025 to 26th of February 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 Value price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current VictoryShares Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
VictoryShares Value lagged returns against current returns
Autocorrelation, which is VictoryShares Value 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 Value's etf expected returns. We can calculate the autocorrelation of VictoryShares Value returns to help us make a trade decision. For example, suppose you find that VictoryShares Value 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 Value 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 Value etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VictoryShares Value etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VictoryShares Value etf over time.
Current vs Lagged Prices |
| Timeline |
VictoryShares Value Lagged Returns
When evaluating VictoryShares Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VictoryShares Value etf have on its future price. VictoryShares Value 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 Value autocorrelation shows the relationship between VictoryShares Value etf current value and its past values and can show if there is a momentum factor associated with investing in VictoryShares Value Momentum.
Regressed Prices |
| Timeline |
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VictoryShares Value 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.