VanEck Gold (Australia) Market Value
| GDX Etf | 57.13 0.77 1.33% |
| Symbol | VanEck |
VanEck Gold '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 Gold'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 Gold.
| 11/06/2023 |
| 11/30/2024 |
If you would invest 0.00 in VanEck Gold on November 6, 2023 and sell it all today you would earn a total of 0.00 from holding VanEck Gold Miners or generate 0.0% return on investment in VanEck Gold over 390 days. VanEck Gold is related to or competes with VanEck Vectors, VanEck FTSE, VanEck Vectors, VanEck Morningstar, and VanEck Vectors. VanEck Gold is entity of Australia. It is traded as Etf on AU exchange. More
VanEck Gold 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 Gold'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 Gold Miners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.97 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.73 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 3.08 |
VanEck Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Gold's standard deviation. In reality, there are many statistical measures that can use VanEck Gold historical prices to predict the future VanEck Gold's volatility.| Risk Adjusted Performance | 0.0204 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0947 |
VanEck Gold Miners Backtested Returns
Currently, VanEck Gold Miners is very steady. VanEck Gold Miners owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0211, which indicates the etf had a 0.0211% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Gold Miners, which you can use to evaluate the volatility of the etf. Please validate VanEck Gold's Semi Deviation of 1.93, risk adjusted performance of 0.0204, and Coefficient Of Variation of 5280.29 to confirm if the risk estimate we provide is consistent with the expected return of 0.04%. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Gold is expected to be smaller as well.
Auto-correlation | 0.46 |
Average predictability
VanEck Gold Miners has average predictability. Overlapping area represents the amount of predictability between VanEck Gold time series from 6th of November 2023 to 19th of May 2024 and 19th of May 2024 to 30th 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 Gold Miners price movement. The serial correlation of 0.46 indicates that about 46.0% of current VanEck Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 12.51 |
VanEck Gold Miners lagged returns against current returns
Autocorrelation, which is VanEck Gold 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 Gold's etf expected returns. We can calculate the autocorrelation of VanEck Gold returns to help us make a trade decision. For example, suppose you find that VanEck Gold 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 Gold 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 Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Gold etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Gold Lagged Returns
When evaluating VanEck Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Gold etf have on its future price. VanEck Gold 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 Gold autocorrelation shows the relationship between VanEck Gold etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Gold Miners.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out VanEck Gold Correlation, VanEck Gold Volatility and VanEck Gold Alpha and Beta module to complement your research on VanEck Gold. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
VanEck Gold 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.