Vaneck Gaming Etf Market Value
| BJK Etf | USD 44.00 0.41 0.94% |
| Symbol | VanEck |
The market value of VanEck Gaming ETF is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Gaming's value that differs from its market value or its book value, called intrinsic value, which is VanEck Gaming'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 VanEck Gaming's market value can be influenced by many factors that don't directly affect VanEck Gaming'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 VanEck Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Gaming'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.
VanEck Gaming '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 VanEck Gaming'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 VanEck Gaming.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in VanEck Gaming on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Gaming ETF or generate 0.0% return on investment in VanEck Gaming over 30 days. VanEck Gaming is related to or competes with Invesco Dynamic, Roundhill Sports, VanEck Video, Roundhill Video, and First Trust. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Gaming 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 VanEck Gaming'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 VanEck Gaming ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.27 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.43 |
VanEck Gaming Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Gaming's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Gaming's standard deviation. In reality, there are many statistical measures that can use VanEck Gaming historical prices to predict the future VanEck Gaming's volatility.| Risk Adjusted Performance | 0.0841 | |||
| Jensen Alpha | 0.0226 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1541 |
VanEck Gaming ETF Backtested Returns
As of now, VanEck Etf is very steady. VanEck Gaming ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the etf had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Gaming ETF, which you can use to evaluate the volatility of the etf. Please validate VanEck Gaming's Coefficient Of Variation of 944.28, semi deviation of 1.09, and Risk Adjusted Performance of 0.0841 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Gaming's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Gaming is expected to be smaller as well.
Auto-correlation | -0.1 |
Very weak reverse predictability
VanEck Gaming ETF has very weak reverse predictability. Overlapping area represents the amount of predictability between VanEck Gaming time series from 25th of October 2024 to 9th of November 2024 and 9th of November 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 VanEck Gaming ETF price movement. The serial correlation of -0.1 indicates that less than 10.0% of current VanEck Gaming price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
VanEck Gaming ETF lagged returns against current returns
Autocorrelation, which is VanEck Gaming 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 VanEck Gaming's etf expected returns. We can calculate the autocorrelation of VanEck Gaming returns to help us make a trade decision. For example, suppose you find that VanEck Gaming 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 |
VanEck Gaming 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 VanEck Gaming etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Gaming etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Gaming etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Gaming Lagged Returns
When evaluating VanEck Gaming's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Gaming etf have on its future price. VanEck Gaming 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, VanEck Gaming autocorrelation shows the relationship between VanEck Gaming etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Gaming ETF.
Regressed Prices |
| Timeline |
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VanEck Gaming 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.