Vaneck Israel Etf Market Value
| ISRA Etf | USD 42.62 0.45 1.04% |
| Symbol | VanEck |
The market value of VanEck Israel ETF 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 Israel's value that differs from its market value or its book value, called intrinsic value, which is VanEck Israel'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 Israel's market value can be influenced by many factors that don't directly affect VanEck Israel'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 Israel's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Israel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Israel'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 Israel '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 Israel'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 Israel.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in VanEck Israel on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding VanEck Israel ETF or generate 0.0% return on investment in VanEck Israel over 720 days. VanEck Israel is related to or competes with IShares MSCI, IShares MSCI, IShares MSCI, IShares MSCI, and IShares MSCI. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Israel 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 Israel'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 Israel ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.041 | |||
| Maximum Drawdown | 4.72 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.86 |
VanEck Israel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Israel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Israel's standard deviation. In reality, there are many statistical measures that can use VanEck Israel historical prices to predict the future VanEck Israel's volatility.| Risk Adjusted Performance | 0.1319 | |||
| Jensen Alpha | 0.0732 | |||
| Total Risk Alpha | 0.0019 | |||
| Sortino Ratio | 0.036 | |||
| Treynor Ratio | 0.2196 |
VanEck Israel ETF Backtested Returns
At this point, VanEck Israel is very steady. VanEck Israel ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Israel ETF, which you can use to evaluate the volatility of the etf. Please validate VanEck Israel's Risk Adjusted Performance of 0.1319, semi deviation of 0.9201, and Coefficient Of Variation of 590.93 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The entity has a beta of 0.74, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Israel's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Israel is expected to be smaller as well.
Auto-correlation | -0.68 |
Very good reverse predictability
VanEck Israel ETF has very good reverse predictability. Overlapping area represents the amount of predictability between VanEck Israel time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Israel ETF price movement. The serial correlation of -0.68 indicates that around 68.0% of current VanEck Israel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.68 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 3.83 |
VanEck Israel ETF lagged returns against current returns
Autocorrelation, which is VanEck Israel 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 Israel's etf expected returns. We can calculate the autocorrelation of VanEck Israel returns to help us make a trade decision. For example, suppose you find that VanEck Israel 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 Israel 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 Israel etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Israel etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Israel etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Israel Lagged Returns
When evaluating VanEck Israel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Israel etf have on its future price. VanEck Israel 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 Israel autocorrelation shows the relationship between VanEck Israel etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Israel 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.When determining whether VanEck Israel 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 Israel's 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 Israel Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Israel Etf:Check out VanEck Israel Correlation, VanEck Israel Volatility and VanEck Israel Alpha and Beta module to complement your research on VanEck Israel. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
VanEck Israel 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.