VanEck Australian (Australia) Market Value
| PLUS Etf | 16.84 0.05 0.30% |
| Symbol | VanEck |
VanEck Australian '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 Australian'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 Australian.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in VanEck Australian on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding VanEck Australian Corporate or generate 0.0% return on investment in VanEck Australian over 540 days. VanEck Australian is related to or competes with VanEck Vectors, VanEck FTSE, VanEck Vectors, VanEck Morningstar, and VanEck Vectors. VanEck Australian is entity of Australia More
VanEck Australian 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 Australian'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 Australian Corporate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2876 | |||
| Information Ratio | (0.57) | |||
| Maximum Drawdown | 1.19 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.3591 |
VanEck Australian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Australian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Australian's standard deviation. In reality, there are many statistical measures that can use VanEck Australian historical prices to predict the future VanEck Australian's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.47) | |||
| Treynor Ratio | (0.25) |
VanEck Australian Backtested Returns
Currently, VanEck Australian Corporate is very steady. VanEck Australian owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0469, which indicates the etf had a 0.0469% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Australian Corporate, which you can use to evaluate the volatility of the etf. Please validate VanEck Australian's Coefficient Of Variation of 7940.17, risk adjusted performance of (0.01), and Semi Deviation of 0.2352 to confirm if the risk estimate we provide is consistent with the expected return of 0.0113%. The entity has a beta of 0.0285, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Australian's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Australian is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
VanEck Australian Corporate has good predictability. Overlapping area represents the amount of predictability between VanEck Australian time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Australian price movement. The serial correlation of 0.7 indicates that around 70.0% of current VanEck Australian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
VanEck Australian lagged returns against current returns
Autocorrelation, which is VanEck Australian 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 Australian's etf expected returns. We can calculate the autocorrelation of VanEck Australian returns to help us make a trade decision. For example, suppose you find that VanEck Australian 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 Australian 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 Australian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Australian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Australian etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Australian Lagged Returns
When evaluating VanEck Australian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Australian etf have on its future price. VanEck Australian 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 Australian autocorrelation shows the relationship between VanEck Australian etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Australian Corporate.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in VanEck Etf
VanEck Australian 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 Australian security.