Victory Global Natural Fund Market Value
| RGNCX Fund | USD 29.95 0.42 1.42% |
| Symbol | Victory |
Victory Global '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 Global'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 Global.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Victory Global on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Victory Global Natural or generate 0.0% return on investment in Victory Global over 30 days. Victory Global is related to or competes with Materials Portfolio, and Materials Portfolio. The fund normally invests at least 80 percent of its assets in securities of companies that SailingStone Capital Partner... More
Victory Global 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 Global'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 Global Natural upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0943 | |||
| Maximum Drawdown | 6.61 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.34 |
Victory Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Global's standard deviation. In reality, there are many statistical measures that can use Victory Global historical prices to predict the future Victory Global's volatility.| Risk Adjusted Performance | 0.1468 | |||
| Jensen Alpha | 0.1797 | |||
| Total Risk Alpha | 0.0305 | |||
| Sortino Ratio | 0.0863 | |||
| Treynor Ratio | 0.4099 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory Global'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 Global Natural Backtested Returns
Victory Global appears to be very steady, given 3 months investment horizon. Victory Global Natural owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the fund had a 0.21% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Victory Global Natural, which you can use to evaluate the volatility of the fund. Please review Victory Global's Coefficient Of Variation of 537.7, semi deviation of 1.23, and Risk Adjusted Performance of 0.1468 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.62, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Victory Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Victory Global is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
Victory Global Natural has good predictability. Overlapping area represents the amount of predictability between Victory Global time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Global Natural price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Victory Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
Victory Global Natural lagged returns against current returns
Autocorrelation, which is Victory Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Victory Global returns to help us make a trade decision. For example, suppose you find that Victory Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Global 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 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Global Lagged Returns
When evaluating Victory Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Global mutual fund have on its future price. Victory Global 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 Global autocorrelation shows the relationship between Victory Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Global Natural.
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 Global 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 Global security.
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