Victoryshares Dividend Accelerator Etf Market Value
| VSDA Etf | USD 54.42 0.59 1.10% |
| Symbol | VictoryShares |
The market value of VictoryShares Dividend 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 Dividend's value that differs from its market value or its book value, called intrinsic value, which is VictoryShares Dividend'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 Dividend's market value can be influenced by many factors that don't directly affect VictoryShares Dividend'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 Dividend's value and its price as these two are different measures arrived at by different means. Investors typically determine if VictoryShares Dividend is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VictoryShares Dividend'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 Dividend '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 Dividend'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 Dividend.
| 09/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in VictoryShares Dividend on September 25, 2024 and sell it all today you would earn a total of 0.00 from holding VictoryShares Dividend Accelerator or generate 0.0% return on investment in VictoryShares Dividend over 60 days. VictoryShares Dividend is related to or competes with Morningstar Unconstrained, High-yield Municipal, Via Renewables, Knife River, Klckner Co, CarMax, and SEI Investments. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80 percent of ... More
VictoryShares Dividend 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 Dividend'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 Dividend Accelerator upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5658 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.43 | |||
| Value At Risk | (0.82) | |||
| Potential Upside | 1.04 |
VictoryShares Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VictoryShares Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VictoryShares Dividend's standard deviation. In reality, there are many statistical measures that can use VictoryShares Dividend historical prices to predict the future VictoryShares Dividend's volatility.| Risk Adjusted Performance | 0.1255 | |||
| Jensen Alpha | 0.014 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1424 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VictoryShares Dividend'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 Dividend Backtested Returns
At this point, VictoryShares Dividend is very steady. VictoryShares Dividend owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for VictoryShares Dividend Accelerator, which you can use to evaluate the volatility of the etf. Please validate VictoryShares Dividend's Risk Adjusted Performance of 0.1255, coefficient of variation of 599.37, and Semi Deviation of 0.3771 to confirm if the risk estimate we provide is consistent with the expected return of 0.0855%. The entity has a beta of 0.65, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VictoryShares Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding VictoryShares Dividend is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
VictoryShares Dividend Accelerator has very weak predictability. Overlapping area represents the amount of predictability between VictoryShares Dividend time series from 25th of September 2024 to 25th of October 2024 and 25th of October 2024 to 24th 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 Dividend price movement. The serial correlation of 0.16 indicates that over 16.0% of current VictoryShares Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
VictoryShares Dividend lagged returns against current returns
Autocorrelation, which is VictoryShares Dividend 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 Dividend's etf expected returns. We can calculate the autocorrelation of VictoryShares Dividend returns to help us make a trade decision. For example, suppose you find that VictoryShares Dividend 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 Dividend 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 Dividend etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VictoryShares Dividend etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VictoryShares Dividend etf over time.
Current vs Lagged Prices |
| Timeline |
VictoryShares Dividend Lagged Returns
When evaluating VictoryShares Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VictoryShares Dividend etf have on its future price. VictoryShares Dividend 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 Dividend autocorrelation shows the relationship between VictoryShares Dividend etf current value and its past values and can show if there is a momentum factor associated with investing in VictoryShares Dividend Accelerator.
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 Dividend offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VictoryShares Dividend'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 Dividend Accelerator Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Victoryshares Dividend Accelerator Etf:Check out VictoryShares Dividend Correlation, VictoryShares Dividend Volatility and VictoryShares Dividend Alpha and Beta module to complement your research on VictoryShares Dividend. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
VictoryShares Dividend 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.