VanEck Morningstar (UK) Market Value
| SMTV Etf | 18.86 0.08 0.42% |
| Symbol | VanEck |
VanEck Morningstar '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 Morningstar'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 Morningstar.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in VanEck Morningstar on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Morningstar SMID or generate 0.0% return on investment in VanEck Morningstar over 180 days. VanEck Morningstar is related to or competes with VanEck Crypto, VanEck New, VanEck Hydrogen, VanEck Semiconductor, and VanEck Circular. VanEck Morningstar is entity of United Kingdom More
VanEck Morningstar 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 Morningstar'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 Morningstar SMID upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8355 | |||
| Information Ratio | 0.0599 | |||
| Maximum Drawdown | 5.05 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 2.06 |
VanEck Morningstar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Morningstar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Morningstar's standard deviation. In reality, there are many statistical measures that can use VanEck Morningstar historical prices to predict the future VanEck Morningstar's volatility.| Risk Adjusted Performance | 0.1568 | |||
| Jensen Alpha | 0.148 | |||
| Total Risk Alpha | 0.0242 | |||
| Sortino Ratio | 0.0692 | |||
| Treynor Ratio | 0.6334 |
VanEck Morningstar SMID Backtested Returns
Currently, VanEck Morningstar SMID is very steady. VanEck Morningstar SMID owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the etf had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Morningstar SMID, which you can use to evaluate the volatility of the etf. Please validate VanEck Morningstar's Coefficient Of Variation of 494.09, semi deviation of 0.5224, and Risk Adjusted Performance of 0.1568 to confirm if the risk estimate we provide is consistent with the expected return of 0.19%. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Morningstar's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Morningstar is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
VanEck Morningstar SMID has average predictability. Overlapping area represents the amount of predictability between VanEck Morningstar time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st 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 Morningstar SMID price movement. The serial correlation of 0.42 indicates that just about 42.0% of current VanEck Morningstar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
VanEck Morningstar SMID lagged returns against current returns
Autocorrelation, which is VanEck Morningstar 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 Morningstar's etf expected returns. We can calculate the autocorrelation of VanEck Morningstar returns to help us make a trade decision. For example, suppose you find that VanEck Morningstar 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 |
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VanEck Morningstar 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 Morningstar etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Morningstar etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Morningstar etf over time.
Current vs Lagged Prices |
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VanEck Morningstar Lagged Returns
When evaluating VanEck Morningstar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Morningstar etf have on its future price. VanEck Morningstar 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 Morningstar autocorrelation shows the relationship between VanEck Morningstar etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Morningstar SMID.
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.Other Information on Investing in VanEck Etf
VanEck Morningstar 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 Morningstar security.