Vela Small Cap Fund Market Value
| VESMX Fund | USD 20.23 0.02 0.1% |
| Symbol | Vela |
Vela Small '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 Small'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 Small.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Vela Small on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Vela Small Cap or generate 0.0% return on investment in Vela Small over 540 days. Vela Small is related to or competes with Victory Rs, Mid-cap Value, Columbia Small, Fidelity Small, Mutual Of, Ab Discovery, and Amg River. The fund, under normal market conditions, invests at least 80 percent of its net assets in U.S More
Vela Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8529 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.1 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.25 |
Vela Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vela Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vela Small's standard deviation. In reality, there are many statistical measures that can use Vela Small historical prices to predict the future Vela Small's volatility.| Risk Adjusted Performance | 0.0553 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.054 |
Vela Small Cap Backtested Returns
At this stage we consider Vela Mutual Fund to be very steady. Vela Small Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Vela Small Cap, which you can use to evaluate the volatility of the fund. Please validate Vela Small's Coefficient Of Variation of 1432.3, risk adjusted performance of 0.0553, and Semi Deviation of 0.7706 to confirm if the risk estimate we provide is consistent with the expected return of 0.0936%. The entity has a beta of 1.03, which indicates a somewhat significant risk relative to the market. Vela Small returns are very sensitive to returns on the market. As the market goes up or down, Vela Small is expected to follow.
Auto-correlation | 0.38 |
Below average predictability
Vela Small Cap has below average predictability. Overlapping area represents the amount of predictability between Vela Small time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Vela Small Cap price movement. The serial correlation of 0.38 indicates that just about 38.0% of current Vela Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.38 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
Vela Small Cap lagged returns against current returns
Autocorrelation, which is Vela Small 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 Small's mutual fund expected returns. We can calculate the autocorrelation of Vela Small returns to help us make a trade decision. For example, suppose you find that Vela Small 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 Small 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 Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vela Small 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 Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vela Small Lagged Returns
When evaluating Vela Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vela Small mutual fund have on its future price. Vela Small 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 Small autocorrelation shows the relationship between Vela Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vela Small Cap.
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 Small 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 Small security.
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