Vaneck Mortgage Reit Etf Market Value
| MORT Etf | USD 11.41 0.12 1.06% |
| Symbol | VanEck |
The market value of VanEck Mortgage REIT 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 Mortgage's value that differs from its market value or its book value, called intrinsic value, which is VanEck Mortgage'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 Mortgage's market value can be influenced by many factors that don't directly affect VanEck Mortgage'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 Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Mortgage'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 Mortgage '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 Mortgage'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 Mortgage.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in VanEck Mortgage on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Mortgage REIT or generate 0.0% return on investment in VanEck Mortgage over 90 days. VanEck Mortgage is related to or competes with IShares Mortgage, Invesco KBW, VanEck BDC, Global X, and Invesco KBW. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Mortgage 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 Mortgage'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 Mortgage REIT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.24 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 1.3 |
VanEck Mortgage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Mortgage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Mortgage's standard deviation. In reality, there are many statistical measures that can use VanEck Mortgage historical prices to predict the future VanEck Mortgage's volatility.| Risk Adjusted Performance | 0.0119 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | 0.0051 |
VanEck Mortgage REIT Backtested Returns
VanEck Mortgage REIT owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0061, which indicates the etf had a -0.0061% return per unit of risk over the last 3 months. VanEck Mortgage REIT exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Mortgage's Risk Adjusted Performance of 0.0119, coefficient of variation of 7503.14, and Semi Deviation of 1.06 to confirm the risk estimate we provide. The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Mortgage's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Mortgage is expected to be smaller as well.
Auto-correlation | -0.34 |
Poor reverse predictability
VanEck Mortgage REIT has poor reverse predictability. Overlapping area represents the amount of predictability between VanEck Mortgage time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Mortgage REIT price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current VanEck Mortgage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
VanEck Mortgage REIT lagged returns against current returns
Autocorrelation, which is VanEck Mortgage 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 Mortgage's etf expected returns. We can calculate the autocorrelation of VanEck Mortgage returns to help us make a trade decision. For example, suppose you find that VanEck Mortgage 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 Mortgage 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 Mortgage etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Mortgage etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Mortgage etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Mortgage Lagged Returns
When evaluating VanEck Mortgage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Mortgage etf have on its future price. VanEck Mortgage 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 Mortgage autocorrelation shows the relationship between VanEck Mortgage etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Mortgage REIT.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out VanEck Mortgage Correlation, VanEck Mortgage Volatility and VanEck Mortgage Alpha and Beta module to complement your research on VanEck Mortgage. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
VanEck Mortgage 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.