Vaneck Etf Trust Etf Market Value
| SMOT Etf | USD 36.84 0.47 1.29% |
| Symbol | VanEck |
The market value of VanEck ETF Trust 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 ETF's value that differs from its market value or its book value, called intrinsic value, which is VanEck ETF'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 ETF's market value can be influenced by many factors that don't directly affect VanEck ETF'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 ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck ETF'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 ETF '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 ETF'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 ETF.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in VanEck ETF on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding VanEck ETF Trust or generate 0.0% return on investment in VanEck ETF over 360 days. VanEck ETF is related to or competes with Vanguard Mid, Vanguard Extended, IShares Core, SPDR SP, First Trust, and Vanguard. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck ETF 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 ETF'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 ETF Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7622 | |||
| Information Ratio | 0.0318 | |||
| Maximum Drawdown | 4.38 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.59 |
VanEck ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck ETF's standard deviation. In reality, there are many statistical measures that can use VanEck ETF historical prices to predict the future VanEck ETF's volatility.| Risk Adjusted Performance | 0.1396 | |||
| Jensen Alpha | 0.0269 | |||
| Total Risk Alpha | 0.0102 | |||
| Sortino Ratio | 0.0368 | |||
| Treynor Ratio | 0.1475 |
VanEck ETF Trust Backtested Returns
Currently, VanEck ETF Trust is very steady. VanEck ETF Trust owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the etf had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck ETF Trust, which you can use to evaluate the volatility of the etf. Please validate VanEck ETF's Risk Adjusted Performance of 0.1396, semi deviation of 0.5502, and Coefficient Of Variation of 554.33 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 1.01, which indicates a somewhat significant risk relative to the market. VanEck ETF returns are very sensitive to returns on the market. As the market goes up or down, VanEck ETF is expected to follow.
Auto-correlation | 0.58 |
Modest predictability
VanEck ETF Trust has modest predictability. Overlapping area represents the amount of predictability between VanEck ETF time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 ETF Trust price movement. The serial correlation of 0.58 indicates that roughly 58.0% of current VanEck ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.58 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 |
VanEck ETF Trust lagged returns against current returns
Autocorrelation, which is VanEck ETF 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 ETF's etf expected returns. We can calculate the autocorrelation of VanEck ETF returns to help us make a trade decision. For example, suppose you find that VanEck ETF 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 ETF 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 ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck ETF etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck ETF Lagged Returns
When evaluating VanEck ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck ETF etf have on its future price. VanEck ETF 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 ETF autocorrelation shows the relationship between VanEck ETF etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck ETF Trust.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out VanEck ETF Correlation, VanEck ETF Volatility and VanEck ETF Alpha and Beta module to complement your research on VanEck ETF. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
VanEck ETF 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.