Vela Income Opportunities Fund Market Value
| VIOAX Fund | USD 9.58 0.02 0.21% |
| Symbol | Vela |
Vela Income '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 Vela Income'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 Vela Income.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Vela Income on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Vela Income Opportunities or generate 0.0% return on investment in Vela Income over 30 days. Vela Income is related to or competes with Lord Abbett, Msift High, Federated High, Voya High, Voya High, and T Rowe. The fund, under normal market conditions, invests at least 80 percent of its net assets in income producing securities More
Vela Income 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 Vela Income'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 Vela Income Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.77 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.6061 |
Vela Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vela Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vela Income's standard deviation. In reality, there are many statistical measures that can use Vela Income historical prices to predict the future Vela Income's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.38) |
Vela Income Opportunities Backtested Returns
Vela Income Opportunities owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.057, which indicates the fund had a -0.057% return per unit of risk over the last 3 months. Vela Income Opportunities exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vela Income's Coefficient Of Variation of (1,741), risk adjusted performance of (0.06), and Variance of 0.1767 to confirm the risk estimate we provide. The entity has a beta of 0.0907, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vela Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vela Income is expected to be smaller as well.
Auto-correlation | 0.20 |
Weak predictability
Vela Income Opportunities has weak predictability. Overlapping area represents the amount of predictability between Vela Income time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 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 Vela Income Opportunities price movement. The serial correlation of 0.2 indicates that over 20.0% of current Vela Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vela Income Opportunities lagged returns against current returns
Autocorrelation, which is Vela Income 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 Vela Income's mutual fund expected returns. We can calculate the autocorrelation of Vela Income returns to help us make a trade decision. For example, suppose you find that Vela Income 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 |
Vela Income 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 Vela Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vela Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vela Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vela Income Lagged Returns
When evaluating Vela Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vela Income mutual fund have on its future price. Vela Income 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, Vela Income autocorrelation shows the relationship between Vela Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vela Income Opportunities.
Regressed Prices |
| Timeline |
Also Currently Popular
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| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in Vela Mutual Fund
Vela Income financial ratios help investors to determine whether Vela 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 Vela with respect to the benefits of owning Vela Income security.
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