Vaneck Long Muni Etf Market Value
| MLN Etf | USD 17.73 0.06 0.34% |
| Symbol | VanEck |
The market value of VanEck Long Muni 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 Long's value that differs from its market value or its book value, called intrinsic value, which is VanEck Long'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 Long's market value can be influenced by many factors that don't directly affect VanEck Long'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 Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Long'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 Long '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 Long'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 Long.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in VanEck Long on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Long Muni or generate 0.0% return on investment in VanEck Long over 150 days. VanEck Long is related to or competes with VanEck Intermediate, VanEck Short, Invesco National, SPDR Nuveen, and Invesco New. The fund normally invests at least 80 percent of its total assets in fixed income securities that comprise the index More
VanEck Long 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 Long'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 Long Muni upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6106 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 2.69 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.6849 |
VanEck Long Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Long's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Long's standard deviation. In reality, there are many statistical measures that can use VanEck Long historical prices to predict the future VanEck Long's volatility.| Risk Adjusted Performance | 0.0066 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.27) |
VanEck Long Muni Backtested Returns
VanEck Long Muni owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0144, which indicates the etf had a -0.0144 % return per unit of risk over the last 3 months. VanEck Long Muni exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Long's Risk Adjusted Performance of 0.0066, semi deviation of 0.532, and Coefficient Of Variation of 6076.1 to confirm the risk estimate we provide. The entity has a beta of 0.0073, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Long's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Long is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
VanEck Long Muni has modest predictability. Overlapping area represents the amount of predictability between VanEck Long time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. 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 Long Muni price movement. The serial correlation of 0.54 indicates that about 54.0% of current VanEck Long price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
VanEck Long Muni lagged returns against current returns
Autocorrelation, which is VanEck Long 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 Long's etf expected returns. We can calculate the autocorrelation of VanEck Long returns to help us make a trade decision. For example, suppose you find that VanEck Long 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 Long 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 Long etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Long etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Long etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Long Lagged Returns
When evaluating VanEck Long's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Long etf have on its future price. VanEck Long 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 Long autocorrelation shows the relationship between VanEck Long etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Long Muni.
Regressed Prices |
| Timeline |
Pair Trading with VanEck Long
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 Long 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 Long will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
| 0.91 | TFI | SPDR Nuveen Bloomberg | PairCorr |
| 0.89 | PZA | Invesco National AMT | PairCorr |
| 0.76 | BAB | Invesco Taxable Municipal | PairCorr |
| 0.89 | MMIN | IQ MacKay Municipal | PairCorr |
Moving against VanEck Etf
The ability to find closely correlated positions to VanEck Long 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 Long 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 Long - 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 Long Muni to buy it.
The correlation of VanEck Long 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 Long moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Long Muni 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 Long 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 Long Correlation, VanEck Long Volatility and VanEck Long Alpha and Beta module to complement your research on VanEck Long. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
VanEck Long 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.