Vaneck Video Gaming Etf Market Value
| ESPO Etf | USD 88.14 1.83 2.12% |
| Symbol | VanEck |
The market value of VanEck Video Gaming 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 Video's value that differs from its market value or its book value, called intrinsic value, which is VanEck Video'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 Video's market value can be influenced by many factors that don't directly affect VanEck Video'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 Video's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Video is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Video'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 Video '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 Video'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 Video.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in VanEck Video on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding VanEck Video Gaming or generate 0.0% return on investment in VanEck Video over 30 days. VanEck Video is related to or competes with Roundhill Video, Global X, Amplify ETF, Global X, and WisdomTree Cloud. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Video 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 Video'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 Video Gaming upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.1303 | |||
| Maximum Drawdown | 10.29 | |||
| Value At Risk | (2.17) | |||
| Potential Upside | 2.16 |
VanEck Video Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Video's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Video's standard deviation. In reality, there are many statistical measures that can use VanEck Video historical prices to predict the future VanEck Video's volatility.| Risk Adjusted Performance | 0.1686 | |||
| Jensen Alpha | 0.2503 | |||
| Total Risk Alpha | 0.1242 | |||
| Sortino Ratio | 0.1199 | |||
| Treynor Ratio | 0.708 |
VanEck Video Gaming Backtested Returns
VanEck Video appears to be very steady, given 3 months investment horizon. VanEck Video Gaming owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the etf had a 0.2 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Video Gaming, which you can use to evaluate the volatility of the etf. Please review VanEck Video's Semi Deviation of 1.21, risk adjusted performance of 0.1686, and Coefficient Of Variation of 508.98 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Video's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Video is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
VanEck Video Gaming has insignificant reverse predictability. Overlapping area represents the amount of predictability between VanEck Video time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st of January 2025. 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 Video Gaming price movement. The serial correlation of -0.2 indicates that over 20.0% of current VanEck Video price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.79 |
VanEck Video Gaming lagged returns against current returns
Autocorrelation, which is VanEck Video 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 Video's etf expected returns. We can calculate the autocorrelation of VanEck Video returns to help us make a trade decision. For example, suppose you find that VanEck Video 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 Video 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 Video etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Video etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Video etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Video Lagged Returns
When evaluating VanEck Video's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Video etf have on its future price. VanEck Video 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 Video autocorrelation shows the relationship between VanEck Video etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Video Gaming.
Regressed Prices |
| Timeline |
Pair Trading with VanEck Video
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 Video 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 Video will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
| 0.92 | XLC | Communication Services | PairCorr |
| 0.89 | VOX | Vanguard Communication | PairCorr |
| 0.89 | FCOM | Fidelity MSCI Commun | PairCorr |
| 0.84 | IYZ | IShares Telecommunicatio Sell-off Trend | PairCorr |
The ability to find closely correlated positions to VanEck Video 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 Video 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 Video - 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 Video Gaming to buy it.
The correlation of VanEck Video 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 Video moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Video Gaming 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 Video 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 Video Correlation, VanEck Video Volatility and VanEck Video Alpha and Beta module to complement your research on VanEck Video. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
VanEck Video 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.