Vaneck Energy Income Etf Market Value
| EINC Etf | USD 98.16 3.07 3.03% |
| Symbol | VanEck |
The market value of VanEck Energy Income 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 Energy's value that differs from its market value or its book value, called intrinsic value, which is VanEck Energy'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 Energy's market value can be influenced by many factors that don't directly affect VanEck Energy'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 Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Energy'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 Energy '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 Energy'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 Energy.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in VanEck Energy on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Energy Income or generate 0.0% return on investment in VanEck Energy over 180 days. VanEck Energy is related to or competes with Alerian Energy, Tortoise North, VanEck Oil, and Global X. The fund will normally invest at least 80 percent of its total assets in securities that comprise the funds benchmark in... More
VanEck Energy 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 Energy'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 Energy Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9562 | |||
| Information Ratio | 0.1362 | |||
| Maximum Drawdown | 3.6 | |||
| Value At Risk | (1.01) | |||
| Potential Upside | 1.75 |
VanEck Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Energy's standard deviation. In reality, there are many statistical measures that can use VanEck Energy historical prices to predict the future VanEck Energy's volatility.| Risk Adjusted Performance | 0.2023 | |||
| Jensen Alpha | 0.1947 | |||
| Total Risk Alpha | 0.0991 | |||
| Sortino Ratio | 0.1465 | |||
| Treynor Ratio | 0.4799 |
VanEck Energy Income Backtested Returns
VanEck Energy appears to be very steady, given 3 months investment horizon. VanEck Energy Income owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the etf had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Energy Income, which you can use to evaluate the volatility of the etf. Please review VanEck Energy's Risk Adjusted Performance of 0.2023, coefficient of variation of 382.67, and Semi Deviation of 0.6193 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.54, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Energy is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
VanEck Energy Income has very good predictability. Overlapping area represents the amount of predictability between VanEck Energy time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Energy Income price movement. The serial correlation of 0.83 indicates that around 83.0% of current VanEck Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 25.1 |
VanEck Energy Income lagged returns against current returns
Autocorrelation, which is VanEck Energy 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 Energy's etf expected returns. We can calculate the autocorrelation of VanEck Energy returns to help us make a trade decision. For example, suppose you find that VanEck Energy 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 Energy 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 Energy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Energy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Energy etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Energy Lagged Returns
When evaluating VanEck Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Energy etf have on its future price. VanEck Energy 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 Energy autocorrelation shows the relationship between VanEck Energy etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Energy Income.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether VanEck Energy Income offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Energy Income Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Energy Income Etf:Check out VanEck Energy Correlation, VanEck Energy Volatility and VanEck Energy Alpha and Beta module to complement your research on VanEck Energy. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
VanEck Energy 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.