Vaneck Etf Trust Etf Market Value
| DGIN Etf | USD 44.16 0.95 2.20% |
| Symbol | VanEck |
The market value of VanEck ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is VanEck ETF'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 ETF's market value can be influenced by many factors that don't directly affect VanEck ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck ETF'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 ETF '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 ETF'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 ETF.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in VanEck ETF on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding VanEck ETF Trust or generate 0.0% return on investment in VanEck ETF over 720 days. VanEck ETF is related to or competes with TCW ETF, and Dallasnews Corp. The fund normally invests at least 80 percent of its total assets in securities that comprise its benchmark index More
VanEck ETF 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 ETF'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 ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 4.47 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.74 |
VanEck ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck ETF's standard deviation. In reality, there are many statistical measures that can use VanEck ETF historical prices to predict the future VanEck ETF's volatility.| Risk Adjusted Performance | 0.0156 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0104 |
VanEck ETF Trust Backtested Returns
VanEck ETF Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0377, which indicates the etf had a -0.0377% return per unit of risk over the last 3 months. VanEck ETF Trust exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck ETF's Coefficient Of Variation of 5810.47, semi deviation of 0.988, and Risk Adjusted Performance of 0.0156 to confirm the risk estimate we provide. The entity has a beta of 0.72, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck ETF is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
VanEck ETF Trust has very good predictability. Overlapping area represents the amount of predictability between VanEck ETF time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 ETF Trust price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current VanEck ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 10.11 |
VanEck ETF Trust lagged returns against current returns
Autocorrelation, which is VanEck ETF 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 ETF's etf expected returns. We can calculate the autocorrelation of VanEck ETF returns to help us make a trade decision. For example, suppose you find that VanEck ETF 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 ETF 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 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck ETF etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck ETF Lagged Returns
When evaluating VanEck ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck ETF etf have on its future price. VanEck ETF 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 ETF autocorrelation shows the relationship between VanEck ETF etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck ETF Trust.
Regressed Prices |
| Timeline |
Pair Trading with VanEck ETF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if VanEck ETF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VanEck ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
| 0.89 | INDA | iShares MSCI India | PairCorr |
| 0.86 | EPI | WisdomTree India Earnings | PairCorr |
| 0.91 | INDSX | Financial Investors Trust | PairCorr |
| 0.86 | SMIN | iShares MSCI India | PairCorr |
| 0.88 | PIN | Invesco India ETF | PairCorr |
Moving against VanEck Etf
| 0.68 | IXSE | IXSE | PairCorr |
| 0.59 | BTC | Grayscale Bitcoin Mini | PairCorr |
| 0.52 | SHLD | Global X Funds | PairCorr |
| 0.46 | WINN | Harbor Long Term | PairCorr |
The ability to find closely correlated positions to VanEck ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VanEck ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VanEck ETF Trust to buy it.
The correlation of VanEck ETF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for VanEck ETF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out VanEck ETF Correlation, VanEck ETF Volatility and VanEck ETF Alpha and Beta module to complement your research on VanEck ETF. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
VanEck ETF 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.