Vaneck Short Muni Etf Market Value
| SMB Etf | USD 17.17 0.01 0.06% |
| Symbol | VanEck |
The market value of VanEck Short Muni 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 Short's value that differs from its market value or its book value, called intrinsic value, which is VanEck Short'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 Short's market value can be influenced by many factors that don't directly affect VanEck Short'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 Short's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Short'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 Short '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 Short'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 Short.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in VanEck Short on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding VanEck Short Muni or generate 0.0% return on investment in VanEck Short over 720 days. VanEck Short is related to or competes with SSGA Active, SPDR Nuveen, Xtrackers California, IShares Short, First Trust, Mairs Power, and PIMCO ETF. The fund normally invests at least 80 percent of its total assets in fixed income securities that comprise the index More
VanEck Short 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 Short'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 Short Muni upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1628 | |||
| Information Ratio | (0.93) | |||
| Maximum Drawdown | 0.7003 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.1747 |
VanEck Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Short's standard deviation. In reality, there are many statistical measures that can use VanEck Short historical prices to predict the future VanEck Short's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.0008) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.63) | |||
| Treynor Ratio | 0.1284 |
VanEck Short Muni Backtested Returns
At this point, VanEck Short is very steady. VanEck Short Muni owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.026, which indicates the etf had a 0.026% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for VanEck Short Muni, which you can use to evaluate the volatility of the etf. Please validate VanEck Short's Risk Adjusted Performance of (0.02), semi deviation of 0.0738, and Coefficient Of Variation of 1784.89 to confirm if the risk estimate we provide is consistent with the expected return of 0.0028%. The entity has a beta of -0.0292, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VanEck Short are expected to decrease at a much lower rate. During the bear market, VanEck Short is likely to outperform the market.
Auto-correlation | 0.16 |
Very weak predictability
VanEck Short Muni has very weak predictability. Overlapping area represents the amount of predictability between VanEck Short time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Short Muni price movement. The serial correlation of 0.16 indicates that over 16.0% of current VanEck Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
VanEck Short Muni lagged returns against current returns
Autocorrelation, which is VanEck Short 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 Short's etf expected returns. We can calculate the autocorrelation of VanEck Short returns to help us make a trade decision. For example, suppose you find that VanEck Short 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 Short 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 Short etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Short etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Short etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Short Lagged Returns
When evaluating VanEck Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Short etf have on its future price. VanEck Short 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 Short autocorrelation shows the relationship between VanEck Short etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Short Muni.
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 Short Muni offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Short's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Short Muni Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Short Muni Etf:Check out VanEck Short Correlation, VanEck Short Volatility and VanEck Short Alpha and Beta module to complement your research on VanEck Short. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
VanEck Short 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.