Victoryshares Hedged Equity Etf Market Value
| HEJD Etf | 26.52 0.09 0.34% |
| Symbol | VictoryShares |
The market value of VictoryShares Hedged 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 Hedged's value that differs from its market value or its book value, called intrinsic value, which is VictoryShares Hedged'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 Hedged's market value can be influenced by many factors that don't directly affect VictoryShares Hedged'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 Hedged's value and its price as these two are different measures arrived at by different means. Investors typically determine if VictoryShares Hedged is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VictoryShares Hedged'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.
VictoryShares Hedged '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 VictoryShares Hedged's etf 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 VictoryShares Hedged.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in VictoryShares Hedged on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding VictoryShares Hedged Equity or generate 0.0% return on investment in VictoryShares Hedged over 30 days. VictoryShares Hedged is related to or competes with Core Alternative, Invesco SP, ETF Series, and WisdomTree Target. VictoryShares Hedged is entity of United States More
VictoryShares Hedged 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 VictoryShares Hedged's etf 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 VictoryShares Hedged Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4726 | |||
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 1.95 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.6875 |
VictoryShares Hedged Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VictoryShares Hedged's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VictoryShares Hedged's standard deviation. In reality, there are many statistical measures that can use VictoryShares Hedged historical prices to predict the future VictoryShares Hedged's volatility.| Risk Adjusted Performance | 0.0887 | |||
| Jensen Alpha | (0.0002) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.127 |
VictoryShares Hedged Backtested Returns
At this point, VictoryShares Hedged is very steady. VictoryShares Hedged owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for VictoryShares Hedged Equity, which you can use to evaluate the volatility of the etf. Please validate VictoryShares Hedged's Coefficient Of Variation of 788.34, risk adjusted performance of 0.0887, and Semi Deviation of 0.3071 to confirm if the risk estimate we provide is consistent with the expected return of 0.0505%. The entity has a beta of 0.34, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VictoryShares Hedged's returns are expected to increase less than the market. However, during the bear market, the loss of holding VictoryShares Hedged is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
VictoryShares Hedged Equity has good predictability. Overlapping area represents the amount of predictability between VictoryShares Hedged time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of VictoryShares Hedged price movement. The serial correlation of 0.76 indicates that around 76.0% of current VictoryShares Hedged price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
VictoryShares Hedged lagged returns against current returns
Autocorrelation, which is VictoryShares Hedged etf'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 VictoryShares Hedged's etf expected returns. We can calculate the autocorrelation of VictoryShares Hedged returns to help us make a trade decision. For example, suppose you find that VictoryShares Hedged has exhibited high autocorrelation historically, and you observe that the etf 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 |
VictoryShares Hedged 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 VictoryShares Hedged etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VictoryShares Hedged etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VictoryShares Hedged etf over time.
Current vs Lagged Prices |
| Timeline |
VictoryShares Hedged Lagged Returns
When evaluating VictoryShares Hedged's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VictoryShares Hedged etf have on its future price. VictoryShares Hedged 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, VictoryShares Hedged autocorrelation shows the relationship between VictoryShares Hedged etf current value and its past values and can show if there is a momentum factor associated with investing in VictoryShares Hedged Equity.
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.When determining whether VictoryShares Hedged is a strong investment it is important to analyze VictoryShares Hedged's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact VictoryShares Hedged's future performance. For an informed investment choice regarding VictoryShares Etf, refer to the following important reports:Check out VictoryShares Hedged Correlation, VictoryShares Hedged Volatility and VictoryShares Hedged Alpha and Beta module to complement your research on VictoryShares Hedged. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
VictoryShares Hedged technical etf 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, etf market cycles, or different charting patterns.