Extended Market Index Fund Quote
| USMIX Fund | USD 21.08 0.27 1.26% |
Performance5 of 100
| Odds Of DistressLess than 21
|
Extended Market is trading at 21.08 as of the 7th of May 2024; that is -1.26 percent decrease since the beginning of the trading day. The fund's open price was 21.35. Extended Market has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Extended Market Index are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of April 2024 and ending today, the 7th of May 2024. Click here to learn more.
The funds principal investment strategy is, under normal market conditions, to invest at least 80 percent of its assets in securities or other financial instruments of companies that are components of, or have economic characteristics similar to, the securities included in the index. More on Extended Market Index
Moving together with Extended Mutual Fund
| 0.79 | UINQX | Usaa Nasdaq 100 | PairCorr |
| 0.88 | SRVEX | Victory Diversified Stock | PairCorr |
| 0.7 | UITIX | Usaa Tax Exempt | PairCorr |
Extended Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Extended Market's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Extended Market or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Idea | Market Neutral Funds (View all Themes) |
| Fund Concentration | Victory Capital Funds, Large Funds, Mid-Cap Blend Funds, Market Neutral Funds, Mid-Cap Blend, Victory Capital, Large, Mid-Cap Growth (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of May 2022 |
| Fiscal Year End | December |
Extended Market Index [USMIX] is traded in USA and was established 7th of May 2024. Extended Market is listed under Victory Capital category by Fama And French industry classification. The fund is listed under Mid-Cap Blend category and is part of Victory Capital family. The entity is thematically classified as Market Neutral Funds. This fund at this time has accumulated 723.76 M in net assets with minimum initial investment of 3 K. Extended Market Index is currently producing year-to-date (YTD) return of 1.2% with the current yeild of 0.01%, while the total return for the last 3 years was -0.48%.
Check Extended Market Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Extended Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Extended Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Extended Market Index Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Extended Market Index Mutual Fund Constituents
| DXCM | DexCom Inc | Stock | Health Care |
| CSGP | CoStar Group | Stock | Industrials |
| FRC | FIRST REP BK | Stock | Financials |
| MGM | MGM Resorts International | Stock | Consumer Discretionary |
| SQ | Block Inc | Stock | Information Technology |
| DOCU | DocuSign | Stock | Information Technology |
| BMRN | Biomarin Pharmaceutical | Stock | Health Care |
Extended Market Target Price Odds Analysis
Based on a normal probability distribution, the odds of Extended Market jumping above the current price in 90 days from now is about 44.2%. The Extended Market Index probability density function shows the probability of Extended Market mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Extended Market has a beta of 0.0306. This usually implies as returns on the market go up, Extended Market average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Extended Market Index will be expected to be much smaller as well. Additionally, extended Market Index has an alpha of 0.0588, implying that it can generate a 0.0588 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Extended Market to move above the current price in 90 days from now is about 44.2 (This Extended Market Index probability density function shows the probability of Extended Mutual Fund to fall within a particular range of prices over 90 days) .
Extended Market Index Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Extended Market market risk premium is the additional return an investor will receive from holding Extended Market long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Extended Market. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Extended Market's alpha and beta are two of the key measurements used to evaluate Extended Market's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.8203 | |||
| Semi Deviation | 1.13 | |||
| Standard Deviation | 1.04 | |||
| Variance | 1.09 |
Extended Market Against Markets
Picking the right benchmark for Extended Market mutual fund is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Extended Market mutual fund price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Extended Market is critical whether you are bullish or bearish towards Extended Market Index at a given time. Please also check how Extended Market's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Extended Market without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy Extended Mutual Fund?
Before investing in Extended Market, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Extended Market. To buy Extended Market fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Extended Market. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Extended Market fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Extended Market Index fund in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Extended Market Index fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Extended Market Index, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in fund prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Extended Market Index?
The danger of trading Extended Market Index is mainly related to its market volatility and Mutual Fund specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Extended Market is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Extended Market. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Extended Market Index is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Extended Market Index. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.