Vaneck Brazil Small Cap Etf Market Value
| BRF Etf | USD 13.63 0.16 1.19% |
| Symbol | VanEck |
The market value of VanEck Brazil Small 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 Brazil's value that differs from its market value or its book value, called intrinsic value, which is VanEck Brazil'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 Brazil's market value can be influenced by many factors that don't directly affect VanEck Brazil'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 Brazil's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Brazil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Brazil'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 Brazil '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 Brazil'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 Brazil.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in VanEck Brazil on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding VanEck Brazil Small Cap or generate 0.0% return on investment in VanEck Brazil over 720 days. VanEck Brazil is related to or competes with IShares China, IShares MSCI, IShares MSCI, IShares MSCI, and IShares MSCI. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Brazil 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 Brazil'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 Brazil Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 8.69 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 1.79 |
VanEck Brazil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Brazil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Brazil's standard deviation. In reality, there are many statistical measures that can use VanEck Brazil historical prices to predict the future VanEck Brazil's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | (0.40) |
VanEck Brazil Small Backtested Returns
VanEck Brazil Small owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the etf had a -0.14% return per unit of risk over the last 3 months. VanEck Brazil Small Cap exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Brazil's Coefficient Of Variation of (766.29), variance of 2.22, and Risk Adjusted Performance of (0.09) to confirm the risk estimate we provide. The entity has a beta of 0.51, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Brazil's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Brazil is expected to be smaller as well.
Auto-correlation | -0.78 |
Almost perfect reverse predictability
VanEck Brazil Small Cap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between VanEck Brazil time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Brazil Small price movement. The serial correlation of -0.78 indicates that around 78.0% of current VanEck Brazil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.78 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 |
VanEck Brazil Small lagged returns against current returns
Autocorrelation, which is VanEck Brazil 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 Brazil's etf expected returns. We can calculate the autocorrelation of VanEck Brazil returns to help us make a trade decision. For example, suppose you find that VanEck Brazil 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 Brazil 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 Brazil etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Brazil etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Brazil etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Brazil Lagged Returns
When evaluating VanEck Brazil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Brazil etf have on its future price. VanEck Brazil 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 Brazil autocorrelation shows the relationship between VanEck Brazil etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Brazil Small Cap.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether VanEck Brazil Small is a strong investment it is important to analyze VanEck Brazil's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact VanEck Brazil's future performance. For an informed investment choice regarding VanEck Etf, refer to the following important reports:Check out VanEck Brazil Correlation, VanEck Brazil Volatility and VanEck Brazil Alpha and Beta module to complement your research on VanEck Brazil. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
VanEck Brazil 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.