Victoryshares Small Mid Etf Market Value
| USVM Etf | USD 82.74 0.09 0.11% |
| Symbol | VictoryShares |
The market value of VictoryShares Small 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 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.
| 01/27/2025 |
| 02/26/2025 |
If you would invest 0.00 in VictoryShares Small on January 27, 2025 and sell it all today you would earn a total of 0.00 from holding VictoryShares Small Mid or generate 0.0% return on investment in VictoryShares Small over 30 days. VictoryShares Small is related to or competes with Dimensional ETF, Vanguard Small, First Trust, Vanguard, Vanguard, Vanguard, and Invesco DWA. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of its a... 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 Mid upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.36 |
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 | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.11) |
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 Mid Backtested Returns
VictoryShares Small Mid owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the etf had a -0.18 % return per unit of risk over the last 3 months. VictoryShares Small Mid exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VictoryShares Small's Risk Adjusted Performance of (0.06), coefficient of variation of (1,202), and Variance of 0.899 to confirm the risk estimate we provide. The entity has a beta of 0.8, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VictoryShares Small's returns are expected to increase less than the market. However, during the bear market, the loss of holding VictoryShares Small is expected to be smaller as well.
Auto-correlation | 0.05 |
Virtually no predictability
VictoryShares Small Mid has virtually no predictability. Overlapping area represents the amount of predictability between VictoryShares Small 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 Small Mid price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current VictoryShares Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
VictoryShares Small Mid 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 Mid.
Regressed Prices |
| Timeline |
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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.