Vaneck Agribusiness Etf Market Value
| MOO Etf | USD 70.13 0.66 0.95% |
| Symbol | VanEck |
The market value of VanEck Agribusiness 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 Agribusiness' value that differs from its market value or its book value, called intrinsic value, which is VanEck Agribusiness' 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 Agribusiness' market value can be influenced by many factors that don't directly affect VanEck Agribusiness' 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 Agribusiness' value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Agribusiness is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Agribusiness' 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 Agribusiness '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 Agribusiness' 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 Agribusiness.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in VanEck Agribusiness on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding VanEck Agribusiness ETF or generate 0.0% return on investment in VanEck Agribusiness over 720 days. VanEck Agribusiness is related to or competes with Invesco DB, Invesco DB, VanEck Steel, and SPDR SP. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Agribusiness 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 Agribusiness' 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 Agribusiness ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.55 | |||
| Value At Risk | (1.39) | |||
| Potential Upside | 1.18 |
VanEck Agribusiness Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Agribusiness' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Agribusiness' standard deviation. In reality, there are many statistical measures that can use VanEck Agribusiness historical prices to predict the future VanEck Agribusiness' volatility.| Risk Adjusted Performance | 0.015 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0318 |
VanEck Agribusiness ETF Backtested Returns
As of now, VanEck Etf is very steady. VanEck Agribusiness ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0172, which indicates the etf had a 0.0172 % return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Agribusiness ETF, which you can use to evaluate the volatility of the etf. Please validate VanEck Agribusiness' Semi Deviation of 0.9887, risk adjusted performance of 0.015, and Coefficient Of Variation of 5799.55 to confirm if the risk estimate we provide is consistent with the expected return of 0.0154%. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Agribusiness' returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Agribusiness is expected to be smaller as well.
Auto-correlation | 0.19 |
Very weak predictability
VanEck Agribusiness ETF has very weak predictability. Overlapping area represents the amount of predictability between VanEck Agribusiness time series from 11th of February 2023 to 6th of February 2024 and 6th of February 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 Agribusiness ETF price movement. The serial correlation of 0.19 indicates that over 19.0% of current VanEck Agribusiness price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 3.72 |
VanEck Agribusiness ETF lagged returns against current returns
Autocorrelation, which is VanEck Agribusiness 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 Agribusiness' etf expected returns. We can calculate the autocorrelation of VanEck Agribusiness returns to help us make a trade decision. For example, suppose you find that VanEck Agribusiness 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 Agribusiness 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 Agribusiness etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Agribusiness etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Agribusiness etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Agribusiness Lagged Returns
When evaluating VanEck Agribusiness' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Agribusiness etf have on its future price. VanEck Agribusiness 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 Agribusiness autocorrelation shows the relationship between VanEck Agribusiness etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Agribusiness ETF.
Regressed Prices |
| Timeline |
Pair Trading with VanEck Agribusiness
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 Agribusiness 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 Agribusiness will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
| 0.86 | XLB | Materials Select Sector | PairCorr |
| 0.84 | VAW | Vanguard Materials Index | PairCorr |
| 0.72 | XME | SPDR SP Metals | PairCorr |
| 0.81 | PHO | Invesco Water Resources | PairCorr |
The ability to find closely correlated positions to VanEck Agribusiness 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 Agribusiness 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 Agribusiness - 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 Agribusiness ETF to buy it.
The correlation of VanEck Agribusiness 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 Agribusiness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Agribusiness ETF 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 Agribusiness 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 Agribusiness Correlation, VanEck Agribusiness Volatility and VanEck Agribusiness Alpha and Beta module to complement your research on VanEck Agribusiness. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
VanEck Agribusiness 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.