Victory Market Neutral Fund Market Value
| CBHMX Fund | USD 8.48 0.02 0.24% |
| Symbol | Victory |
Victory Market '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 Victory Market'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 Victory Market.
| 03/02/2023 |
| 02/19/2025 |
If you would invest 0.00 in Victory Market on March 2, 2023 and sell it all today you would earn a total of 0.00 from holding Victory Market Neutral or generate 0.0% return on investment in Victory Market over 720 days. Victory Market is related to or competes with Pimco Trends, Asg Managed, Otter Creek, and Calamos Market. The Adviser pursues the funds investment objective by implementing a proprietary, market neutral investment strategy designed to seek income from its investments while maintaining a low correlation to the foreign and domestic equity and bond markets. More
Victory Market 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 Victory Market'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 Victory Market Neutral upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2596 | |||
| Information Ratio | 0.0597 | |||
| Maximum Drawdown | 1.31 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.3606 |
Victory Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Market's standard deviation. In reality, there are many statistical measures that can use Victory Market historical prices to predict the future Victory Market's volatility.| Risk Adjusted Performance | 0.096 | |||
| Jensen Alpha | 0.029 | |||
| Total Risk Alpha | 0.0235 | |||
| Sortino Ratio | 0.0529 | |||
| Treynor Ratio | (0.57) |
Victory Market Neutral Backtested Returns
At this stage we consider Victory Mutual Fund to be very steady. Victory Market Neutral owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Victory Market Neutral, which you can use to evaluate the volatility of the fund. Please validate Victory Market's Downside Deviation of 0.2596, standard deviation of 0.2299, and Risk Adjusted Performance of 0.096 to confirm if the risk estimate we provide is consistent with the expected return of 0.0305%. The entity has a beta of -0.0498, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Victory Market are expected to decrease at a much lower rate. During the bear market, Victory Market is likely to outperform the market.
Auto-correlation | 0.81 |
Very good predictability
Victory Market Neutral has very good predictability. Overlapping area represents the amount of predictability between Victory Market time series from 2nd of March 2023 to 25th of February 2024 and 25th of February 2024 to 19th 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 Victory Market Neutral price movement. The serial correlation of 0.81 indicates that around 81.0% of current Victory Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Victory Market Neutral lagged returns against current returns
Autocorrelation, which is Victory Market 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 Victory Market's mutual fund expected returns. We can calculate the autocorrelation of Victory Market returns to help us make a trade decision. For example, suppose you find that Victory Market 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 |
Victory Market 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 Victory Market mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Market mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Victory Market mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Market Lagged Returns
When evaluating Victory Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Market mutual fund have on its future price. Victory Market 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, Victory Market autocorrelation shows the relationship between Victory Market mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Market Neutral.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Victory Mutual Fund
Victory Market 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 Market security.
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