Victory Incore Total Fund Market Value
| MUCYX Fund | USD 8.27 0.01 0.12% |
| Symbol | VICTORY |
Victory Incore '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 Incore'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 Incore.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Victory Incore on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Victory Incore Total or generate 0.0% return on investment in Victory Incore over 300 days. Victory Incore is related to or competes with Pimco Income, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. The adviser pursues the funds investment objectives by investing, under normal circumstances, at least 80 percent of the... More
Victory Incore 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 Incore'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 Incore Total upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.21 | |||
| Value At Risk | (0.60) | |||
| Potential Upside | 0.4768 |
Victory Incore Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Incore's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Incore's standard deviation. In reality, there are many statistical measures that can use Victory Incore historical prices to predict the future Victory Incore's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.6966 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory Incore's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Victory Incore Total Backtested Returns
Victory Incore Total owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0691, which indicates the fund had a -0.0691% return per unit of risk over the last 3 months. Victory Incore Total exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Victory Incore's Risk Adjusted Performance of (0.07), variance of 0.0831, and Coefficient Of Variation of (1,346) to confirm the risk estimate we provide. The entity has a beta of -0.0451, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Victory Incore are expected to decrease at a much lower rate. During the bear market, Victory Incore is likely to outperform the market.
Auto-correlation | -0.53 |
Good reverse predictability
Victory Incore Total has good reverse predictability. Overlapping area represents the amount of predictability between Victory Incore time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Victory Incore Total price movement. The serial correlation of -0.53 indicates that about 53.0% of current Victory Incore price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.53 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Victory Incore Total lagged returns against current returns
Autocorrelation, which is Victory Incore 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 Incore's mutual fund expected returns. We can calculate the autocorrelation of Victory Incore returns to help us make a trade decision. For example, suppose you find that Victory Incore 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 Incore 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 Incore mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Incore 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 Incore mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Incore Lagged Returns
When evaluating Victory Incore's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Incore mutual fund have on its future price. Victory Incore 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 Incore autocorrelation shows the relationship between Victory Incore mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Incore Total.
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 Incore 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 Incore security.
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