Victory Tax Exempt Fund Price on April 28, 2023
| GUTEX Fund | USD 8.65 0.03 0.35% |
Below is the normalized historical share price chart for Victory Tax Exempt Fund extending back to July 06, 1993. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Victory Tax-exempt stands at 8.65, as last reported on the 27th of November, with the highest price reaching 8.65 and the lowest price hitting 8.65 during the day.
If you're considering investing in Victory Mutual Fund, it is important to understand the factors that can impact its price. At this stage we consider Victory Mutual Fund to be very steady. Victory Tax Exempt owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0927, which indicates the fund had a 0.0927% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Victory Tax Exempt Fund, which you can use to evaluate the volatility of the fund. Please validate Victory Tax-exempt's Semi Deviation of 0.2757, coefficient of variation of 1420.64, and Risk Adjusted Performance of 0.041 to confirm if the risk estimate we provide is consistent with the expected return of 0.0316%.
Victory Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Victory |
Sharpe Ratio = 0.0927
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GUTEX |
Estimated Market Risk
| 0.34 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Victory Tax-exempt is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Victory Tax-exempt by adding it to a well-diversified portfolio.
Victory Tax-exempt Valuation on April 28, 2023
It is possible to determine the worth of Victory Tax-exempt on a given historical date. On April 28, 2023 Victory was worth 7.88 at the beginning of the trading date compared to the closed value of 7.88. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Victory Tax-exempt mutual fund. Still, in general, we apply an absolute valuation method to find Victory Tax-exempt's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Victory Tax-exempt where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Victory Tax-exempt's related companies.
| Open | High | Low | Close | Volume | |
| 7.86 | 7.86 | 7.86 | 7.86 | 1.00 | |
04/28/2023 | 7.88 | 7.88 | 7.88 | 7.88 | 1.00 |
| 7.87 | 7.87 | 7.87 | 7.87 | 1.00 |
| Backtest Victory Tax-exempt | | | Victory Tax-exempt History | | | Victory Tax-exempt Valuation | Previous | Next |
Victory Tax-exempt Trading Date Momentum on April 28, 2023
| On May 01 2023 Victory Tax Exempt Fund was traded for 7.87 at the closing time. The highest daily price throughout the period was 7.87 and the lowest price was 7.87 . There was no trading activity during the period 1.0. Lack of trading volume on 05/01/2023 added to the next day price reduction. The overall trading delta to closing price of the next trading day was 0.13% . The trading price change to current closing price is 0.38% . |
Victory Tax Exempt Fundamentals Correlations and Trends
By evaluating Victory Tax-exempt's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Victory Tax-exempt's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Victory financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Victory Tax-exempt Mutual Fund history
Victory Tax-exempt investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Victory is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Victory Tax Exempt will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Victory Tax-exempt stock prices may prove useful in developing a viable investing in Victory Tax-exempt
The fund invests primarily in investment-grade municipal obligations, the interest on which is, in the opinion of the issuers bond counsel, exempt from federal income tax including the federal alternative minimum tax . Under normal circumstances at least 80 percent of the value of the funds assets will be invested in tax-exempt municipal obligations.
Victory Tax-exempt Mutual Fund Technical Analysis
Victory Tax-exempt technical mutual fund 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, fund market cycles, or different charting patterns.
Price Boundaries
Victory Tax-exempt Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
Victory Tax Exempt Fund cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Victory Tax-exempt November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Victory Tax-exempt mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Victory Tax-exempt shares will generate the highest return on investment. By undertsting and applying Victory Tax-exempt mutual fund market strength indicators, traders can identify Victory Tax Exempt Fund entry and exit signals to maximize returns
Victory Tax-exempt Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Victory Tax-exempt's price direction in advance. Along with the technical and fundamental analysis of Victory Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Victory to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.041 | |||
| Jensen Alpha | 0.0254 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | (0.14) |
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| Math Transform | ||
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| Volume Indicators |
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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