VanEck Vectors (Mexico) Market Value
| GDX Etf | MXN 764.00 4.00 0.52% |
| Symbol | VanEck |
VanEck Vectors '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 Vectors' 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 Vectors.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in VanEck Vectors on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Vectors ETF or generate 0.0% return on investment in VanEck Vectors over 30 days. VanEck Vectors is related to or competes with VanEck Vectors, VanEck Biotech, VanEck Vectors, VanEck Vectors, IShares Trust, and Vanguard Specialized. The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of t... More
VanEck Vectors 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 Vectors' 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 Vectors ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.88 | |||
| Value At Risk | (4.15) | |||
| Potential Upside | 2.62 |
VanEck Vectors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Vectors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Vectors' standard deviation. In reality, there are many statistical measures that can use VanEck Vectors historical prices to predict the future VanEck Vectors' volatility.| Risk Adjusted Performance | 0.0108 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0281 |
VanEck Vectors ETF Backtested Returns
At this stage we consider VanEck Etf to be very steady. VanEck Vectors ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.041, which indicates the etf had a 0.041% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Vectors ETF, which you can use to evaluate the volatility of the etf. Please validate VanEck Vectors' Coefficient Of Variation of 17171.1, risk adjusted performance of 0.0108, and Semi Deviation of 2.08 to confirm if the risk estimate we provide is consistent with the expected return of 0.087%. The entity has a beta of 0.0767, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Vectors' returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Vectors is expected to be smaller as well.
Auto-correlation | -0.13 |
Insignificant reverse predictability
VanEck Vectors ETF has insignificant reverse predictability. Overlapping area represents the amount of predictability between VanEck Vectors time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Vectors ETF price movement. The serial correlation of -0.13 indicates that less than 13.0% of current VanEck Vectors price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 72.31 |
VanEck Vectors ETF lagged returns against current returns
Autocorrelation, which is VanEck Vectors 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 Vectors' etf expected returns. We can calculate the autocorrelation of VanEck Vectors returns to help us make a trade decision. For example, suppose you find that VanEck Vectors 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 Vectors 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 Vectors etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Vectors etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Vectors etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Vectors Lagged Returns
When evaluating VanEck Vectors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Vectors etf have on its future price. VanEck Vectors 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 Vectors autocorrelation shows the relationship between VanEck Vectors etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Vectors ETF.
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.Additional Information and Resources on Investing in VanEck Etf
When determining whether VanEck Vectors ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Vectors' 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 Vectors Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Vectors Etf:Check out VanEck Vectors Correlation, VanEck Vectors Volatility and VanEck Vectors Alpha and Beta module to complement your research on VanEck Vectors. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
VanEck Vectors 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.