Victoryshares 500 Enhanced Etf Net Asset
| CFO Etf | USD 73.21 0.69 0.95% |
VictoryShares 500 Enhanced fundamentals help investors to digest information that contributes to VictoryShares 500's financial success or failures. It also enables traders to predict the movement of VictoryShares Etf. The fundamental analysis module provides a way to measure VictoryShares 500's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to VictoryShares 500 etf.
VictoryShares |
VictoryShares 500 Enhanced ETF Net Asset Analysis
VictoryShares 500's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current VictoryShares 500 Net Asset | 873.82 M |
Most of VictoryShares 500's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, VictoryShares 500 Enhanced is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
| Competition |
Based on the recorded statements, VictoryShares 500 Enhanced has a Net Asset of 873.82 M. This is much higher than that of the Victory Capital family and significantly higher than that of the Large Blend category. The net asset for all United States etfs is notably lower than that of the firm.
VictoryShares Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses VictoryShares 500's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of VictoryShares 500 could also be used in its relative valuation, which is a method of valuing VictoryShares 500 by comparing valuation metrics of similar companies.VictoryShares 500 is currently under evaluation in net asset as compared to similar ETFs.
Fund Asset Allocation for VictoryShares 500
The fund invests 52.07% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides VictoryShares 500's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
VictoryShares Fundamentals
| Price To Earning | 18.88 X | |||
| Price To Book | 2.72 X | |||
| Price To Sales | 1.44 X | |||
| Beta | 0.6 | |||
| Total Asset | 873.82 M | |||
| One Year Return | 25.30 % | |||
| Three Year Return | 0.30 % | |||
| Five Year Return | 9.00 % | |||
| Ten Year Return | 8.80 % | |||
| Net Asset | 873.82 M | |||
| Last Dividend Paid | 0.0776 | |||
| Equity Positions Weight | 52.07 % |
About VictoryShares 500 Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze VictoryShares 500 Enhanced's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VictoryShares 500 using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VictoryShares 500 Enhanced based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with VictoryShares 500
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 500 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 500 will appreciate offsetting losses from the drop in the long position's value.Moving together with VictoryShares Etf
| 0.98 | VTI | Vanguard Total Stock | PairCorr |
| 0.98 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.98 | IVV | iShares Core SP | PairCorr |
| 0.96 | VIG | Vanguard Dividend | PairCorr |
| 0.98 | VV | Vanguard Large Cap | PairCorr |
Moving against VictoryShares Etf
| 0.84 | VIIX | VIIX | PairCorr |
| 0.82 | YCL | ProShares Ultra Yen | PairCorr |
| 0.82 | ULE | ProShares Ultra Euro | PairCorr |
| 0.8 | FXY | Invesco CurrencyShares | PairCorr |
The ability to find closely correlated positions to VictoryShares 500 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 500 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 500 - 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 500 Enhanced to buy it.
The correlation of VictoryShares 500 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 500 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VictoryShares 500 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 500 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 500 Piotroski F Score and VictoryShares 500 Altman Z Score analysis. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
The market value of VictoryShares 500 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 500's value that differs from its market value or its book value, called intrinsic value, which is VictoryShares 500'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 500's market value can be influenced by many factors that don't directly affect VictoryShares 500'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 500's value and its price as these two are different measures arrived at by different means. Investors typically determine if VictoryShares 500 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VictoryShares 500'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.