VanEck Multi (Netherlands) Market Value
| NTM Etf | EUR 72.40 0.34 0.47% |
| Symbol | VanEck |
VanEck Multi '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 Multi'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 Multi.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in VanEck Multi on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Multi Asset Balanced or generate 0.0% return on investment in VanEck Multi over 30 days. VanEck Multi is related to or competes with Vanguard FTSE, HSBC MSCI, IShares II, Hydratec Industries, IShares VII, Aalberts Industries, and IShares Asia. The investment seeks to track the price and yield performance, before fees and expenses, of the Think Total Market Track... More
VanEck Multi 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 Multi'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 Multi Asset Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.349 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.75 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.8319 |
VanEck Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Multi's standard deviation. In reality, there are many statistical measures that can use VanEck Multi historical prices to predict the future VanEck Multi's volatility.| Risk Adjusted Performance | 0.1194 | |||
| Jensen Alpha | 0.0339 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | 0.3335 |
VanEck Multi Asset Backtested Returns
Currently, VanEck Multi Asset Balanced is very steady. VanEck Multi Asset owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the etf had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Multi Asset Balanced, which you can use to evaluate the volatility of the etf. Please validate VanEck Multi's Risk Adjusted Performance of 0.1194, semi deviation of 0.163, and Coefficient Of Variation of 591.04 to confirm if the risk estimate we provide is consistent with the expected return of 0.065%. The entity has a beta of 0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Multi is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
VanEck Multi Asset Balanced has good predictability. Overlapping area represents the amount of predictability between VanEck Multi time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Multi Asset price movement. The serial correlation of 0.72 indicates that around 72.0% of current VanEck Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
VanEck Multi Asset lagged returns against current returns
Autocorrelation, which is VanEck Multi 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 Multi's etf expected returns. We can calculate the autocorrelation of VanEck Multi returns to help us make a trade decision. For example, suppose you find that VanEck Multi 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 Multi 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 Multi etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Multi etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Multi etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Multi Lagged Returns
When evaluating VanEck Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Multi etf have on its future price. VanEck Multi 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 Multi autocorrelation shows the relationship between VanEck Multi etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Multi Asset Balanced.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in VanEck Etf
VanEck Multi financial ratios help investors to determine whether VanEck Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in VanEck with respect to the benefits of owning VanEck Multi security.