Vaneck Preferred Securities Etf Market Value
| PFXF Etf | USD 18.02 0.03 0.17% |
| Symbol | VanEck |
The market value of VanEck Preferred Sec 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 Preferred's value that differs from its market value or its book value, called intrinsic value, which is VanEck Preferred'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 Preferred's market value can be influenced by many factors that don't directly affect VanEck Preferred'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 Preferred's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Preferred is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Preferred'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 Preferred '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 Preferred'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 Preferred.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in VanEck Preferred on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Preferred Securities or generate 0.0% return on investment in VanEck Preferred over 30 days. VanEck Preferred is related to or competes with ETF Series, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, T Rowe, and Jpmorgan Smartretirement*. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Preferred 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 Preferred'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 Preferred Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5753 | |||
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 2.31 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.7416 |
VanEck Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Preferred's standard deviation. In reality, there are many statistical measures that can use VanEck Preferred historical prices to predict the future VanEck Preferred's volatility.| Risk Adjusted Performance | 0.0775 | |||
| Jensen Alpha | 0.0196 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.1) | |||
| Treynor Ratio | 0.1812 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Preferred's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
VanEck Preferred Sec Backtested Returns
At this point, VanEck Preferred is very steady. VanEck Preferred Sec owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the etf had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Preferred Securities, which you can use to evaluate the volatility of the etf. Please validate VanEck Preferred's Coefficient Of Variation of 918.76, semi deviation of 0.476, and Risk Adjusted Performance of 0.0775 to confirm if the risk estimate we provide is consistent with the expected return of 0.0505%. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Preferred is expected to be smaller as well.
Auto-correlation | 0.17 |
Very weak predictability
VanEck Preferred Securities has very weak predictability. Overlapping area represents the amount of predictability between VanEck Preferred time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Preferred Sec price movement. The serial correlation of 0.17 indicates that over 17.0% of current VanEck Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
VanEck Preferred Sec lagged returns against current returns
Autocorrelation, which is VanEck Preferred 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 Preferred's etf expected returns. We can calculate the autocorrelation of VanEck Preferred returns to help us make a trade decision. For example, suppose you find that VanEck Preferred 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 Preferred 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 Preferred etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Preferred etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Preferred etf over time.
Current vs Lagged Prices |
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VanEck Preferred Lagged Returns
When evaluating VanEck Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Preferred etf have on its future price. VanEck Preferred 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 Preferred autocorrelation shows the relationship between VanEck Preferred etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Preferred Securities.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether VanEck Preferred Sec is a strong investment it is important to analyze VanEck Preferred's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact VanEck Preferred's future performance. For an informed investment choice regarding VanEck Etf, refer to the following important reports:Check out VanEck Preferred Correlation, VanEck Preferred Volatility and VanEck Preferred Alpha and Beta module to complement your research on VanEck Preferred. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
VanEck Preferred 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.