VanEck Bionic's market value is the price at which a share of VanEck Bionic trades on a public exchange. It measures the collective expectations of VanEck Bionic Engineering investors about its performance. VanEck Bionic is selling for under 21.46 as of the 1st of December 2024; that is 0.46 percent decrease since the beginning of the trading day. The etf's lowest day price was 21.38. With this module, you can estimate the performance of a buy and hold strategy of VanEck Bionic Engineering and determine expected loss or profit from investing in VanEck Bionic over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
VanEck
VanEck Bionic '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 Bionic'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 Bionic.
0.00
11/01/2024
No Change 0.00
0.0
In 30 days
12/01/2024
0.00
If you would invest 0.00 in VanEck Bionic on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Bionic Engineering or generate 0.0% return on investment in VanEck Bionic over 30 days.
VanEck Bionic 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 Bionic'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 Bionic Engineering upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Bionic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Bionic's standard deviation. In reality, there are many statistical measures that can use VanEck Bionic historical prices to predict the future VanEck Bionic's volatility.
Currently, VanEck Bionic Engineering is very steady. VanEck Bionic Engineering owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0308, which indicates the etf had a 0.0308% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Bionic Engineering, which you can use to evaluate the volatility of the etf. Please validate VanEck Bionic's Coefficient Of Variation of 2651.23, semi deviation of 0.7102, and Risk Adjusted Performance of 0.0296 to confirm if the risk estimate we provide is consistent with the expected return of 0.0254%. The entity has a beta of -0.0378, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VanEck Bionic are expected to decrease at a much lower rate. During the bear market, VanEck Bionic is likely to outperform the market.
Auto-correlation
0.55
Modest predictability
VanEck Bionic Engineering has modest predictability. Overlapping area represents the amount of predictability between VanEck Bionic time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Bionic Engineering price movement. The serial correlation of 0.55 indicates that about 55.0% of current VanEck Bionic price fluctuation can be explain by its past prices.
Correlation Coefficient
0.55
Spearman Rank Test
0.57
Residual Average
0.0
Price Variance
0.06
VanEck Bionic Engineering lagged returns against current returns
Autocorrelation, which is VanEck Bionic 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 Bionic's etf expected returns. We can calculate the autocorrelation of VanEck Bionic returns to help us make a trade decision. For example, suppose you find that VanEck Bionic 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 Bionic 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 Bionic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Bionic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Bionic etf over time.
Current vs Lagged Prices
Timeline
VanEck Bionic Lagged Returns
When evaluating VanEck Bionic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Bionic etf have on its future price. VanEck Bionic 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 Bionic autocorrelation shows the relationship between VanEck Bionic etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Bionic Engineering.
Regressed Prices
Timeline
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