Vela Short Duration Fund Market Value
| VASDX Fund | 10.07 0.01 0.1% |
| Symbol | Vela |
Vela Short '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 Vela Short'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 Vela Short.
| 02/11/2025 |
| 03/13/2025 |
If you would invest 0.00 in Vela Short on February 11, 2025 and sell it all today you would earn a total of 0.00 from holding Vela Short Duration or generate 0.0% return on investment in Vela Short over 30 days. Vela Short is related to or competes with Pfg American, Wells Fargo, Diversified Bond, Blackrock Conservative, Stone Ridge, Global Diversified, and Wilmington Diversified. The fund, under normal market conditions, invests at least 80 percent of its assets in fixed income securities across a ... More
Vela Short 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 Vela Short'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 Vela Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1186 | |||
| Information Ratio | 1.33 | |||
| Maximum Drawdown | 0.5029 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.2012 |
Vela Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vela Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vela Short's standard deviation. In reality, there are many statistical measures that can use Vela Short historical prices to predict the future Vela Short's volatility.| Risk Adjusted Performance | 0.0887 | |||
| Jensen Alpha | 0.0088 | |||
| Total Risk Alpha | 0.0254 | |||
| Sortino Ratio | 1.15 | |||
| Treynor Ratio | (1.35) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vela Short'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.
Vela Short Duration Backtested Returns
At this stage we consider Vela Mutual Fund to be very steady. Vela Short Duration owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Vela Short Duration, which you can use to evaluate the volatility of the fund. Please validate Vela Short's Downside Deviation of 0.1186, standard deviation of 0.1028, and Risk Adjusted Performance of 0.0887 to confirm if the risk estimate we provide is consistent with the expected return of 0.0187%. The entity has a beta of -0.0072, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vela Short are expected to decrease at a much lower rate. During the bear market, Vela Short is likely to outperform the market.
Auto-correlation | 0.28 |
Poor predictability
Vela Short Duration has poor predictability. Overlapping area represents the amount of predictability between Vela Short time series from 11th of February 2025 to 26th of February 2025 and 26th of February 2025 to 13th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Vela Short Duration price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current Vela Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Vela Short Duration lagged returns against current returns
Autocorrelation, which is Vela Short 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 Vela Short's mutual fund expected returns. We can calculate the autocorrelation of Vela Short returns to help us make a trade decision. For example, suppose you find that Vela Short 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 |
Vela Short 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 Vela Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vela Short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vela Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vela Short Lagged Returns
When evaluating Vela Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vela Short mutual fund have on its future price. Vela Short 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, Vela Short autocorrelation shows the relationship between Vela Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vela Short Duration.
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 Vela Mutual Fund
Vela Short financial ratios help investors to determine whether Vela 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 Vela with respect to the benefits of owning Vela Short security.
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