5 VMSI Indicators
The VICA Institutional Market Sentiment Index (VMSI™) measures institutional risk across global markets—tracking momentum, liquidity, volatility, credit conditions, and safe-haven demand.
The index assigns a single score that positions capital ahead of shifts reflected in price.
Markets are analyzed in parts. VMSI measures the system.
VICA Research tracks capital flows, liquidity, and structure—not price or sentiment—to identify shifts ahead of pricing.
| Component | Current | Prior |
(w/w)
|
Interpretation |
|---|---|---|---|---|
| Composite |
63.5
|
61.0 |
+2.5
|
System participation improved faster than institutional trust. |
| Momentum |
68.4
|
66.2 |
+2.2
|
Market strength broadened beyond the most concentrated allocation channels. |
| Liquidity |
61.5
|
60.2 |
+1.3
|
Credit conditions remained supportive of continued deployment. |
| Volatility & Hedging |
60.2
|
58.0 |
+2.2
|
Volatility pressures moderated without a full normalization of protection demand. |
| Safe Heaven |
49.4
|
50.8 |
-1.4
|
Capital favored participation over defense, but not aggressively. |
Methodology
The VICA Institutional Market Sentiment Index (VMSI) measures institutional risk across global markets.
It tracks momentum, liquidity, volatility, credit conditions, and safe-haven demand to identify shifts in market structure.
Scores are generated using volatility regimes, credit spreads, macro signals, and positioning data.
The model incorporates convexity dynamics and capital flow inertia through proprietary measures, including CMX and PDCS.
The index operates on a 0–100 scale:
0–25: Systemic Risk
26–49: Defensive
50–74: Neutral
75–100: Expansion
VMSI is calculated using a systematic framework across five core categories: momentum, liquidity, volatility, credit, and safe-haven demand, each measured through defined market-based indicators.
Inputs are normalized, weighted, and combined into a single composite score representing institutional risk.
The model incorporates convexity dynamics and capital flow inertia to capture how capital pressure and market structure evolve.
VMSI is calculated continuously as market conditions evolve.
Scores are published weekly using the most recent completed data.
VMSI defines the current market regime through institutional risk.
It provides a reference for how risk is being priced and how capital is positioned across markets, allowing investors to adjust exposure ahead of shifts reflected in price.
No.
VMSI is a market structure model that defines institutional risk posture and market regime.
It does not provide investment advice or specific allocation recommendations.
Advisory services are provided separately through VICA Partners and are not part of the VMSI framework.