VanEck Hydrogen's market value is the price at which a share of VanEck Hydrogen trades on a public exchange. It measures the collective expectations of VanEck Hydrogen Economy investors about its performance. VanEck Hydrogen is selling for under 5.31 as of the 2nd of December 2024; that is 2.12 percent increase since the beginning of the trading day. The etf's lowest day price was 5.31. With this module, you can estimate the performance of a buy and hold strategy of VanEck Hydrogen Economy and determine expected loss or profit from investing in VanEck Hydrogen over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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.
0.00
12/13/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
12/02/2024
0.00
If you would invest 0.00 in VanEck Hydrogen on December 13, 2022 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 720 days.
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.
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.
At this stage we consider VanEck Etf to be somewhat reliable. VanEck Hydrogen Economy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0679, which indicates the etf had a 0.0679% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for VanEck Hydrogen Economy, which you can use to evaluate the volatility of the etf. Please validate VanEck Hydrogen's Semi Deviation of 1.28, risk adjusted performance of 0.0573, and Coefficient Of Variation of 1473.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of -0.0798, 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
0.63
Good predictability
VanEck Hydrogen Economy has good predictability. Overlapping area represents the amount of predictability between VanEck Hydrogen time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Hydrogen Economy price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current VanEck Hydrogen price fluctuation can be explain by its past prices.
Correlation Coefficient
0.63
Spearman Rank Test
0.71
Residual Average
0.0
Price Variance
0.4
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.