VanEck Circular (UK) Market Value
| REUG Etf | 19.47 0.06 0.31% |
| Symbol | VanEck |
VanEck Circular '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 Circular'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 Circular.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in VanEck Circular on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Circular Economy or generate 0.0% return on investment in VanEck Circular over 210 days. VanEck Circular is related to or competes with VanEck Crypto, VanEck Morningstar, VanEck New, VanEck Hydrogen, and VanEck Semiconductor. VanEck Circular is entity of United Kingdom More
VanEck Circular 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 Circular'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 Circular Economy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7405 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.66 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.14 |
VanEck Circular Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Circular's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Circular's standard deviation. In reality, there are many statistical measures that can use VanEck Circular historical prices to predict the future VanEck Circular's volatility.| Risk Adjusted Performance | 0.0944 | |||
| Jensen Alpha | 0.0633 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.5467 |
VanEck Circular Economy Backtested Returns
Currently, VanEck Circular Economy is very steady. VanEck Circular Economy owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the etf had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Circular Economy, which you can use to evaluate the volatility of the etf. Please validate VanEck Circular's Risk Adjusted Performance of 0.0944, coefficient of variation of 807.89, and Semi Deviation of 0.6181 to confirm if the risk estimate we provide is consistent with the expected return of 0.094%. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Circular's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Circular is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
VanEck Circular Economy has weak predictability. Overlapping area represents the amount of predictability between VanEck Circular time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd 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 Circular Economy price movement. The serial correlation of 0.21 indicates that over 21.0% of current VanEck Circular price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
VanEck Circular Economy lagged returns against current returns
Autocorrelation, which is VanEck Circular 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 Circular's etf expected returns. We can calculate the autocorrelation of VanEck Circular returns to help us make a trade decision. For example, suppose you find that VanEck Circular 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 Circular 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 Circular etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Circular etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Circular etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Circular Lagged Returns
When evaluating VanEck Circular's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Circular etf have on its future price. VanEck Circular 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 Circular autocorrelation shows the relationship between VanEck Circular etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Circular Economy.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in VanEck Etf
VanEck Circular 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 Circular security.