VanEck Hydrogen (UK) Market Value
| HDRO Etf | 5.65 0.05 0.89% |
| Symbol | VanEck |
VanEck Hydrogen '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 Hydrogen'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 Hydrogen.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in VanEck Hydrogen on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding VanEck Hydrogen Economy or generate 0.0% return on investment in VanEck Hydrogen over 540 days. VanEck Hydrogen is related to or competes with Leverage Shares, WisdomTree, WisdomTree Silver, Leverage Shares, Lyxor 10Y, GraniteShares, and Leverage Shares. VanEck Hydrogen is entity of United Kingdom More
VanEck Hydrogen 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 Hydrogen'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 Hydrogen Economy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 10.88 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 3.02 |
VanEck Hydrogen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Hydrogen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Hydrogen's standard deviation. In reality, there are many statistical measures that can use VanEck Hydrogen historical prices to predict the future VanEck Hydrogen's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.42) | |||
| Treynor Ratio | 2.86 |
VanEck Hydrogen Economy Backtested Returns
VanEck Hydrogen Economy owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0328, which indicates the etf had a -0.0328% return per unit of risk over the last 3 months. VanEck Hydrogen Economy exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Hydrogen's Variance of 4.86, coefficient of variation of (3,704), and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The entity has a beta of -0.0243, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VanEck Hydrogen are expected to decrease at a much lower rate. During the bear market, VanEck Hydrogen is likely to outperform the market.
Auto-correlation | 0.66 |
Good predictability
VanEck Hydrogen Economy has good predictability. Overlapping area represents the amount of predictability between VanEck Hydrogen time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 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 Hydrogen Economy price movement. The serial correlation of 0.66 indicates that around 66.0% of current VanEck Hydrogen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
VanEck Hydrogen Economy lagged returns against current returns
Autocorrelation, which is VanEck Hydrogen 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 Hydrogen's etf expected returns. We can calculate the autocorrelation of VanEck Hydrogen returns to help us make a trade decision. For example, suppose you find that VanEck Hydrogen 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 Hydrogen 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 Hydrogen etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Hydrogen etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Hydrogen etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Hydrogen Lagged Returns
When evaluating VanEck Hydrogen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Hydrogen etf have on its future price. VanEck Hydrogen 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 Hydrogen autocorrelation shows the relationship between VanEck Hydrogen etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Hydrogen Economy.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in VanEck Etf
VanEck Hydrogen financial ratios help investors to determine whether VanEck Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in VanEck with respect to the benefits of owning VanEck Hydrogen security.