5 VMSI Indicators
The VICA Institutional Market Sentiment Index (VMSI) provides a real-time view of market structure by aggregating key institutional drivers.
These indicators identify shifts in market regimes, allowing capital to adjust as conditions move between defensive and expansionary phases.
VMSI is not designed to replace traditional benchmarks like the S&P 500 — it is designed to systematically guide capital positioning.
Markets are analyzed in parts. VMSI™ measures the system.
VICA Research measures capital flows, liquidity, and structure — not price or sentiment — to identify capital shifts ahead of pricing.
| Component | Current | Prior |
(w/w)
|
Interpretation |
|---|---|---|---|---|
| Composite |
58.6
|
55.4 |
+3.2
|
Structure improving without expansion confirmation |
| Momentum |
61.4
|
55.2 |
+6.2
|
Growth and high-beta leadership accelerated |
| Liquidity |
58.2
|
55.0 |
+3.2
|
Dual inflows; credit stable |
| Volatility & Hedging |
51.8
|
53.2 |
-1.4
|
Volatility compressed; protection remains present |
| Safe Heaven |
49.6
|
53.6 |
-4
|
Defensive demand eased; no full unwind |
Methodology
The VICA Institutional Market Sentiment Index (VMSI) is a proprietary model that measures institutional risk posture across global markets.
It combines cross-asset inputs including momentum, liquidity, volatility structure, credit conditions, and safe-haven demand.
Scores are generated through a systematic model using volatility regimes, credit spreads, liquidity conditions, macro signals, and positioning data.
The index operates on a 0–100 scale:
0–25: Systemic Risk
26–49: Defensive
50–74: Neutral
75–100: Expansion
VMSI is calculated through a systematic model that evaluates cross-asset inputs across five core categories: momentum, liquidity, volatility, credit, and safe-haven demand. Each category is measured using a defined set of market-based indicators.
Inputs are normalized, weighted, and combined into a single composite score representing institutional risk posture.
The model incorporates proprietary econophysics principles to capture how capital flows, pressure, and market structure evolve over time.
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 posture.
It provides a reference point for how risk is being priced and how capital is positioned across markets.
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.