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VICA Institutional Market Sentiment Index (VMSI™) visualization showing how momentum, liquidity, volatility, credit, and safe-haven demand interact to shape institutional market conditions before they are reflected in market prices
Institutional capital drives markets. Understanding force.

Capital moves first.

VICA Partners identifies shifts in capital behavior before they are fully reflected in market prices.

Markets are analyzed in parts. VMSI™ measures the system.

VMSI™ Framework

Five market forces. One integrated view.

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VMSI Composite
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Momentum
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Liquidity
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Volatility & Hedging
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Safe Haven Demand

The VMSI™ Regimes

Five forces. One weekly measure of market regime.

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Why VMSI™ Matters

Surface. System.

Price shows the market’s response.

VMSI™ reveals whether capital is reinforcing it.

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Structure vs Noise
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Capital vs Narrative
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Conditions vs Outcomes

A Different Way to Study Markets

Traditional analysis asks what moved.

VICA asks what can sustain it.

VMSI™ measures how capital, participation, liquidity, volatility, and risk interact beyond the initial catalyst.

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Built for Institutional Capital

VICA measures the forces behind market movement.

VMSI™ is built for investors who need to understand market structure—not simply describe market movement.

Independent. Systematic. Institutionally grounded.

Our mission is to advance institutional market understanding, helping investors and institutions make better long-term decisions for the benefit of the people and families they serve.