Victory Floating Rate Fund Market Value
| RSFCX Fund | USD 8.06 0.00 0.00% |
| Symbol | Victory |
Victory Floating '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 Floating'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 Floating.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in Victory Floating on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding Victory Floating Rate or generate 0.0% return on investment in Victory Floating over 390 days. Victory Floating is related to or competes with Income Fund, Usaa Nasdaq, Victory Diversified, Intermediate-term, Usaa Intermediate, Usaa Tax, and Victory Tax. The fund normally invests at least 80 percent of its assets in floating rate loans and other floating rate investments More
Victory Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1889 | |||
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.27 | |||
| Value At Risk | (0.13) | |||
| Potential Upside | 0.3802 |
Victory Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Victory Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Victory Floating's standard deviation. In reality, there are many statistical measures that can use Victory Floating historical prices to predict the future Victory Floating's volatility.| Risk Adjusted Performance | 0.1566 | |||
| Jensen Alpha | 0.04 | |||
| Total Risk Alpha | 0.0047 | |||
| Sortino Ratio | (0.49) | |||
| Treynor Ratio | (1.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Victory Floating'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 Floating Rate Backtested Returns
At this stage we consider Victory Mutual Fund to be very steady. Victory Floating Rate owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.24, which indicates the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Victory Floating Rate, which you can use to evaluate the volatility of the fund. Please validate Victory Floating's Downside Deviation of 0.1889, risk adjusted performance of 0.1566, and Standard Deviation of 0.1876 to confirm if the risk estimate we provide is consistent with the expected return of 0.038%. The entity has a beta of -0.0312, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Victory Floating are expected to decrease at a much lower rate. During the bear market, Victory Floating is likely to outperform the market.
Auto-correlation | 0.78 |
Good predictability
Victory Floating Rate has good predictability. Overlapping area represents the amount of predictability between Victory Floating time series from 6th of November 2023 to 19th of May 2024 and 19th of May 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 Victory Floating Rate price movement. The serial correlation of 0.78 indicates that around 78.0% of current Victory Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Victory Floating Rate lagged returns against current returns
Autocorrelation, which is Victory Floating 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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Victory Floating returns to help us make a trade decision. For example, suppose you find that Victory Floating 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Victory Floating 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 Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Victory Floating Lagged Returns
When evaluating Victory Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Victory Floating mutual fund have on its future price. Victory Floating 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 Floating autocorrelation shows the relationship between Victory Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Victory Floating Rate.
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 Floating 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 Floating security.
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