Vaneck Longflat Trend Etf Market Value
| LFEQ Etf | USD 51.13 0.33 0.65% |
| Symbol | VanEck |
The market value of VanEck LongFlat Trend 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 LongFlat's value that differs from its market value or its book value, called intrinsic value, which is VanEck LongFlat'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 LongFlat's market value can be influenced by many factors that don't directly affect VanEck LongFlat'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 LongFlat's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck LongFlat is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck LongFlat'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 LongFlat '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 LongFlat'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 LongFlat.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in VanEck LongFlat on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck LongFlat Trend or generate 0.0% return on investment in VanEck LongFlat over 30 days. VanEck LongFlat is related to or competes with VanEck Morningstar, PIMCO RAFI, PIMCO RAFI, John Hancock, and SPDR MSCI. The fund normally invests at least 80 percent of its total assets in securities that track andor comprise the funds benc... More
VanEck LongFlat 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 LongFlat'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 LongFlat Trend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8113 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.97 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.08 |
VanEck LongFlat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck LongFlat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck LongFlat's standard deviation. In reality, there are many statistical measures that can use VanEck LongFlat historical prices to predict the future VanEck LongFlat's volatility.| Risk Adjusted Performance | 0.1197 | |||
| Jensen Alpha | 0.0041 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1326 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck LongFlat's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
VanEck LongFlat Trend Backtested Returns
Currently, VanEck LongFlat Trend is very steady. VanEck LongFlat Trend owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the etf had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck LongFlat Trend, which you can use to evaluate the volatility of the etf. Please validate VanEck LongFlat's Risk Adjusted Performance of 0.1197, semi deviation of 0.6678, and Coefficient Of Variation of 639.07 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 0.83, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck LongFlat's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck LongFlat is expected to be smaller as well.
Auto-correlation | 0.89 |
Very good predictability
VanEck LongFlat Trend has very good predictability. Overlapping area represents the amount of predictability between VanEck LongFlat time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 LongFlat Trend price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current VanEck LongFlat price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
VanEck LongFlat Trend lagged returns against current returns
Autocorrelation, which is VanEck LongFlat 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 LongFlat's etf expected returns. We can calculate the autocorrelation of VanEck LongFlat returns to help us make a trade decision. For example, suppose you find that VanEck LongFlat 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 LongFlat 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 LongFlat etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck LongFlat etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck LongFlat etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck LongFlat Lagged Returns
When evaluating VanEck LongFlat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck LongFlat etf have on its future price. VanEck LongFlat 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 LongFlat autocorrelation shows the relationship between VanEck LongFlat etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck LongFlat Trend.
Regressed Prices |
| Timeline |
Pair Trading with VanEck LongFlat
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if VanEck LongFlat position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VanEck LongFlat will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
| 1.0 | VTI | Vanguard Total Stock | PairCorr |
| 1.0 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 1.0 | IVV | iShares Core SP | PairCorr |
| 0.95 | VIG | Vanguard Dividend | PairCorr |
| 1.0 | VV | Vanguard Large Cap | PairCorr |
The ability to find closely correlated positions to VanEck LongFlat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck LongFlat when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VanEck LongFlat - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VanEck LongFlat Trend to buy it.
The correlation of VanEck LongFlat is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck LongFlat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck LongFlat Trend moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for VanEck LongFlat can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out VanEck LongFlat Correlation, VanEck LongFlat Volatility and VanEck LongFlat Alpha and Beta module to complement your research on VanEck LongFlat. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
VanEck LongFlat 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.