VanEck Oil's market value is the price at which a share of VanEck Oil trades on a public exchange. It measures the collective expectations of VanEck Oil Services investors about its performance. VanEck Oil is selling for under 19.44 as of the 11th of December 2024; that is 3.28 percent decrease since the beginning of the trading day. The etf's lowest day price was 19.44. With this module, you can estimate the performance of a buy and hold strategy of VanEck Oil Services and determine expected loss or profit from investing in VanEck Oil over a given investment horizon. Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
VanEck
VanEck Oil '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 Oil'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 Oil.
0.00
08/19/2023
No Change 0.00
0.0
In 1 year 3 months and 26 days
12/11/2024
0.00
If you would invest 0.00 in VanEck Oil on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding VanEck Oil Services or generate 0.0% return on investment in VanEck Oil over 480 days.
VanEck Oil 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 Oil'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 Oil Services upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Oil's standard deviation. In reality, there are many statistical measures that can use VanEck Oil historical prices to predict the future VanEck Oil's volatility.
At this stage we consider VanEck Etf to be very steady. VanEck Oil Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Oil Services, which you can use to evaluate the volatility of the etf. Please validate VanEck Oil's Risk Adjusted Performance of 0.0733, coefficient of variation of 1064.93, and Semi Deviation of 0.9821 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Oil is expected to be smaller as well.
Auto-correlation
0.69
Good predictability
VanEck Oil Services has good predictability. Overlapping area represents the amount of predictability between VanEck Oil time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 Oil Services price movement. The serial correlation of 0.69 indicates that around 69.0% of current VanEck Oil price fluctuation can be explain by its past prices.
Correlation Coefficient
0.69
Spearman Rank Test
0.26
Residual Average
0.0
Price Variance
2.4
VanEck Oil Services lagged returns against current returns
Autocorrelation, which is VanEck Oil 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 Oil's etf expected returns. We can calculate the autocorrelation of VanEck Oil returns to help us make a trade decision. For example, suppose you find that VanEck Oil 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 Oil 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 Oil etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Oil etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Oil etf over time.
Current vs Lagged Prices
Timeline
VanEck Oil Lagged Returns
When evaluating VanEck Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Oil etf have on its future price. VanEck Oil 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 Oil autocorrelation shows the relationship between VanEck Oil etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Oil Services.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.