Victoryshares Nasdaq Next Etf One Year Return
| QQQNDelisted Etf | USD 31.65 0.00 0.00% |
VictoryShares Nasdaq Next fundamentals help investors to digest information that contributes to VictoryShares Nasdaq'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 Nasdaq'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 Nasdaq etf.
VictoryShares |
VictoryShares Nasdaq Next ETF One Year Return Analysis
VictoryShares Nasdaq's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current VictoryShares Nasdaq One Year Return | 38.80 % |
Most of VictoryShares Nasdaq's fundamental indicators, such as One Year Return, 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 Nasdaq Next is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
CompetitionBased on the recorded statements, VictoryShares Nasdaq Next has an One Year Return of 38.8%. This is much higher than that of the Victory Capital family and significantly higher than that of the Mid-Cap Growth category. The one year return for all United States etfs is notably lower than that of the firm.
VictoryShares One Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses VictoryShares Nasdaq's direct or indirect competition against its One Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of VictoryShares Nasdaq could also be used in its relative valuation, which is a method of valuing VictoryShares Nasdaq by comparing valuation metrics of similar companies.VictoryShares Nasdaq is currently under evaluation in one year return as compared to similar ETFs.
Fund Asset Allocation for VictoryShares Nasdaq
The fund invests 99.94% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides VictoryShares Nasdaq'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
| Beta | 1.16 | |||
| Total Asset | 91.75 M | |||
| One Year Return | 38.80 % | |||
| Three Year Return | (2.10) % | |||
| Net Asset | 91.75 M | |||
| Last Dividend Paid | 0.0139 | |||
| Equity Positions Weight | 99.94 % |
About VictoryShares Nasdaq Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze VictoryShares Nasdaq Next's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VictoryShares Nasdaq using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VictoryShares Nasdaq Next 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 Nasdaq
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 Nasdaq 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 Nasdaq will appreciate offsetting losses from the drop in the long position's value.Moving together with VictoryShares Etf
| 0.87 | VOT | Vanguard Mid Cap | PairCorr |
| 0.88 | IWP | iShares Russell Mid | PairCorr |
| 0.82 | ARKK | ARK Innovation ETF | PairCorr |
| 0.79 | IJK | iShares SP Mid | PairCorr |
| 0.87 | JKH | iShares Morningstar Mid | PairCorr |
Moving against VictoryShares Etf
The ability to find closely correlated positions to VictoryShares Nasdaq 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 Nasdaq 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 Nasdaq - 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 Nasdaq Next to buy it.
The correlation of VictoryShares Nasdaq 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 Nasdaq moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VictoryShares Nasdaq Next 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 Nasdaq 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 Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Other Consideration for investing in VictoryShares Etf
If you are still planning to invest in VictoryShares Nasdaq Next check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the VictoryShares Nasdaq's history and understand the potential risks before investing.
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