Victoryshares Usaa Core Etf Market Value
| USTB Etf | USD 50.37 0.02 0.04% |
| Symbol | VictoryShares |
The market value of VictoryShares USAA Core 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 USAA's value that differs from its market value or its book value, called intrinsic value, which is VictoryShares USAA'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 USAA's market value can be influenced by many factors that don't directly affect VictoryShares USAA'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 USAA's value and its price as these two are different measures arrived at by different means. Investors typically determine if VictoryShares USAA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VictoryShares USAA'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 USAA '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 USAA'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 USAA.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in VictoryShares USAA on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding VictoryShares USAA Core or generate 0.0% return on investment in VictoryShares USAA over 30 days. VictoryShares USAA is related to or competes with Dimensional ETF, Dimensional ETF, Dimensional Core, Dimensional ETF, and Dimensional Emerging. Under normal circumstances, the fund invests at least 80 percent of its assets in debt securities and in derivatives and... More
VictoryShares USAA 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 USAA'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 USAA Core upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1038 | |||
| Information Ratio | (1.07) | |||
| Maximum Drawdown | 0.5777 | |||
| Value At Risk | (0.14) | |||
| Potential Upside | 0.1999 |
VictoryShares USAA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VictoryShares USAA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VictoryShares USAA's standard deviation. In reality, there are many statistical measures that can use VictoryShares USAA historical prices to predict the future VictoryShares USAA's volatility.| Risk Adjusted Performance | 0.0337 | |||
| Jensen Alpha | 0.0057 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (1.11) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VictoryShares USAA'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.
VictoryShares USAA Core Backtested Returns
At this point, VictoryShares USAA is very steady. VictoryShares USAA Core owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the etf had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for VictoryShares USAA Core, which you can use to evaluate the volatility of the etf. Please validate VictoryShares USAA's Risk Adjusted Performance of 0.0337, downside deviation of 0.1038, and Standard Deviation of 0.1078 to confirm if the risk estimate we provide is consistent with the expected return of 0.0143%. The entity has a beta of -0.0195, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VictoryShares USAA are expected to decrease at a much lower rate. During the bear market, VictoryShares USAA is likely to outperform the market.
Auto-correlation | 0.30 |
Below average predictability
VictoryShares USAA Core has below average predictability. Overlapping area represents the amount of predictability between VictoryShares USAA 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 VictoryShares USAA Core price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current VictoryShares USAA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
VictoryShares USAA Core lagged returns against current returns
Autocorrelation, which is VictoryShares USAA 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 USAA's etf expected returns. We can calculate the autocorrelation of VictoryShares USAA returns to help us make a trade decision. For example, suppose you find that VictoryShares USAA 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 USAA 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 USAA etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VictoryShares USAA etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VictoryShares USAA etf over time.
Current vs Lagged Prices |
| Timeline |
VictoryShares USAA Lagged Returns
When evaluating VictoryShares USAA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VictoryShares USAA etf have on its future price. VictoryShares USAA 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 USAA autocorrelation shows the relationship between VictoryShares USAA etf current value and its past values and can show if there is a momentum factor associated with investing in VictoryShares USAA Core.
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 USAA Core offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VictoryShares USAA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Victoryshares Usaa Core Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Victoryshares Usaa Core Etf:Check out VictoryShares USAA Correlation, VictoryShares USAA Volatility and VictoryShares USAA Alpha and Beta module to complement your research on VictoryShares USAA. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
VictoryShares USAA 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.