Vaneck Merk Gold Etf Market Value
| OUNZ Etf | USD 26.98 0.39 1.47% |
| Symbol | VanEck |
The market value of VanEck Merk Gold 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 Merk's value that differs from its market value or its book value, called intrinsic value, which is VanEck Merk'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 Merk's market value can be influenced by many factors that don't directly affect VanEck Merk'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 Merk's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Merk is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Merk'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 Merk '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 Merk'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 Merk.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in VanEck Merk on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding VanEck Merk Gold or generate 0.0% return on investment in VanEck Merk over 30 days. VanEck Merk is related to or competes with GraniteShares Gold, Goldman Sachs, Abrdn Physical, Sprott Gold, and SPDR Gold. The investment seeks to provide investors with an opportunity to invest in gold through the shares and be able to take d... More
VanEck Merk 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 Merk'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 Merk Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.89 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 1.47 |
VanEck Merk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Merk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Merk's standard deviation. In reality, there are many statistical measures that can use VanEck Merk historical prices to predict the future VanEck Merk's volatility.| Risk Adjusted Performance | 0.0319 | |||
| Jensen Alpha | 0.0186 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.2872 |
VanEck Merk Gold Backtested Returns
At this stage we consider VanEck Etf to be very steady. VanEck Merk Gold owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0387, which indicates the etf had a 0.0387 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for VanEck Merk Gold, which you can use to evaluate the volatility of the etf. Please validate VanEck Merk's Coefficient Of Variation of 2790.23, risk adjusted performance of 0.0319, and Semi Deviation of 1.21 to confirm if the risk estimate we provide is consistent with the expected return of 0.0412%. The entity has a beta of 0.0943, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Merk's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Merk is expected to be smaller as well.
Auto-correlation | 0.76 |
Good predictability
VanEck Merk Gold has good predictability. Overlapping area represents the amount of predictability between VanEck Merk time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 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 Merk Gold price movement. The serial correlation of 0.76 indicates that around 76.0% of current VanEck Merk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
VanEck Merk Gold lagged returns against current returns
Autocorrelation, which is VanEck Merk 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 Merk's etf expected returns. We can calculate the autocorrelation of VanEck Merk returns to help us make a trade decision. For example, suppose you find that VanEck Merk 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 Merk 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 Merk etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Merk etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Merk etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Merk Lagged Returns
When evaluating VanEck Merk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Merk etf have on its future price. VanEck Merk 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 Merk autocorrelation shows the relationship between VanEck Merk etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Merk Gold.
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.When determining whether VanEck Merk Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Merk's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Merk Gold Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Merk Gold Etf:Check out VanEck Merk Correlation, VanEck Merk Volatility and VanEck Merk Alpha and Beta module to complement your research on VanEck Merk. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
VanEck Merk 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.