Vela International Fund Market Value
| VEITX Fund | USD 13.54 0.08 0.59% |
| Symbol | Vela |
Vela International '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 International'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 International.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in Vela International on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding Vela International or generate 0.0% return on investment in Vela International over 720 days. Vela International is related to or competes with Vela Large, Vela Small, Vela Small, and Vela Income. The fund, under normal market conditions, invests its assets primarily in non-U.S More
Vela International 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 International'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 International upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.18 |
Vela International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vela International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vela International's standard deviation. In reality, there are many statistical measures that can use Vela International historical prices to predict the future Vela International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.21) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vela International'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 International Backtested Returns
Vela International owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0392, which indicates the fund had a -0.0392% return per unit of risk over the last 3 months. Vela International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vela International's Coefficient Of Variation of (1,506), risk adjusted performance of (0.05), and Variance of 0.5664 to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vela International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vela International is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Vela International has poor predictability. Overlapping area represents the amount of predictability between Vela International time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 Vela International price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Vela International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 0.24 |
Vela International lagged returns against current returns
Autocorrelation, which is Vela International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Vela International returns to help us make a trade decision. For example, suppose you find that Vela International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vela International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vela International Lagged Returns
When evaluating Vela International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vela International mutual fund have on its future price. Vela International 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 International autocorrelation shows the relationship between Vela International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vela International.
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 International 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 International security.
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |