Vaneck Green Infrastructure Etf Market Value
| RNEW Etf | USD 26.17 0.18 0.69% |
| Symbol | VanEck |
The market value of VanEck Green Infrast 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 Green's value that differs from its market value or its book value, called intrinsic value, which is VanEck Green'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 Green's market value can be influenced by many factors that don't directly affect VanEck Green'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 Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Green'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 Green '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 Green'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 Green.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in VanEck Green on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding VanEck Green Infrastructure or generate 0.0% return on investment in VanEck Green over 720 days. VanEck Green is related to or competes with VanEck Vectors, Global X, Invesco Electric, and Global X. The fund normally invests at least 80 percent of its total assets in securities of Green Infrastructure Companies More
VanEck Green 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 Green'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 Green Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (1.74) | |||
| Potential Upside | 1.72 |
VanEck Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Green's standard deviation. In reality, there are many statistical measures that can use VanEck Green historical prices to predict the future VanEck Green's volatility.| Risk Adjusted Performance | 0.0378 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.062 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Green'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 Green Infrast Backtested Returns
At this stage we consider VanEck Etf to be very steady. VanEck Green Infrast owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.046, which indicates the etf had a 0.046% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for VanEck Green Infrastructure, which you can use to evaluate the volatility of the etf. Please validate VanEck Green's Semi Deviation of 1.25, risk adjusted performance of 0.0378, and Coefficient Of Variation of 2236.72 to confirm if the risk estimate we provide is consistent with the expected return of 0.0541%. The entity has a beta of 0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Green's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Green is expected to be smaller as well.
Auto-correlation | -0.15 |
Insignificant reverse predictability
VanEck Green Infrastructure has insignificant reverse predictability. Overlapping area represents the amount of predictability between VanEck Green time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Green Infrast price movement. The serial correlation of -0.15 indicates that less than 15.0% of current VanEck Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.15 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 1.28 |
VanEck Green Infrast lagged returns against current returns
Autocorrelation, which is VanEck Green 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 Green's etf expected returns. We can calculate the autocorrelation of VanEck Green returns to help us make a trade decision. For example, suppose you find that VanEck Green 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 Green 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 Green etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Green etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Green etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Green Lagged Returns
When evaluating VanEck Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Green etf have on its future price. VanEck Green 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 Green autocorrelation shows the relationship between VanEck Green etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Green Infrastructure.
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 Green Infrast is a strong investment it is important to analyze VanEck Green'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 Green's future performance. For an informed investment choice regarding VanEck Etf, refer to the following important reports:Check out VanEck Green Correlation, VanEck Green Volatility and VanEck Green Alpha and Beta module to complement your research on VanEck Green. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
VanEck Green 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.