VanEck MSCI (Australia) Market Value
| QSML Etf | 32.12 0.34 1.07% |
| Symbol | VanEck |
Please note, there is a significant difference between VanEck MSCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck MSCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck MSCI'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 MSCI '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 MSCI'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 MSCI.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in VanEck MSCI on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck MSCI International or generate 0.0% return on investment in VanEck MSCI over 180 days. VanEck MSCI is related to or competes with BetaShares Geared, BetaShares Global, IShares China, and Russell Australian. VanEck MSCI is entity of Australia. It is traded as Etf on AU exchange. More
VanEck MSCI 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 MSCI'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 MSCI International upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9871 | |||
| Information Ratio | 0.0568 | |||
| Maximum Drawdown | 5.3 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 1.55 |
VanEck MSCI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck MSCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck MSCI's standard deviation. In reality, there are many statistical measures that can use VanEck MSCI historical prices to predict the future VanEck MSCI's volatility.| Risk Adjusted Performance | 0.1421 | |||
| Jensen Alpha | 0.1232 | |||
| Total Risk Alpha | 0.0159 | |||
| Sortino Ratio | 0.0596 | |||
| Treynor Ratio | 0.3853 |
VanEck MSCI International Backtested Returns
VanEck MSCI appears to be very steady, given 3 months investment horizon. VanEck MSCI International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.2, which indicates the etf had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck MSCI International, which you can use to evaluate the volatility of the etf. Please review VanEck MSCI's Risk Adjusted Performance of 0.1421, coefficient of variation of 547.94, and Semi Deviation of 0.7697 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck MSCI's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck MSCI is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
VanEck MSCI International has average predictability. Overlapping area represents the amount of predictability between VanEck MSCI time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 MSCI International price movement. The serial correlation of 0.42 indicates that just about 42.0% of current VanEck MSCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
VanEck MSCI International lagged returns against current returns
Autocorrelation, which is VanEck MSCI 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 MSCI's etf expected returns. We can calculate the autocorrelation of VanEck MSCI returns to help us make a trade decision. For example, suppose you find that VanEck MSCI 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 MSCI 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 MSCI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck MSCI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck MSCI etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck MSCI Lagged Returns
When evaluating VanEck MSCI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck MSCI etf have on its future price. VanEck MSCI 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 MSCI autocorrelation shows the relationship between VanEck MSCI etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck MSCI International.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in VanEck Etf
VanEck MSCI 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 MSCI security.