VanEck AEX (Netherlands) Market Value
| TDT Etf | EUR 88.65 1.47 1.69% |
| Symbol | VanEck |
VanEck AEX '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 AEX'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 AEX.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in VanEck AEX on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck AEX UCITS or generate 0.0% return on investment in VanEck AEX over 30 days. VanEck AEX is related to or competes with SPDR Dow, IShares SP, IShares China, IShares Core, and IShares MSCI. The investment seeks to track the price and yield performance, before fees and expense, of the AEX index More
VanEck AEX 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 AEX'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 AEX UCITS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 4.12 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.38 |
VanEck AEX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck AEX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck AEX's standard deviation. In reality, there are many statistical measures that can use VanEck AEX historical prices to predict the future VanEck AEX's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.12) |
VanEck AEX UCITS Backtested Returns
VanEck AEX UCITS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.044, which indicates the etf had a -0.044% return per unit of risk over the last 3 months. VanEck AEX UCITS exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck AEX's Variance of 0.717, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,314) to confirm the risk estimate we provide. The entity has a beta of 0.4, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck AEX's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck AEX is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
VanEck AEX UCITS has very weak reverse predictability. Overlapping area represents the amount of predictability between VanEck AEX time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 AEX UCITS price movement. The serial correlation of -0.07 indicates that barely 7.0% of current VanEck AEX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
VanEck AEX UCITS lagged returns against current returns
Autocorrelation, which is VanEck AEX 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 AEX's etf expected returns. We can calculate the autocorrelation of VanEck AEX returns to help us make a trade decision. For example, suppose you find that VanEck AEX 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 AEX 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 AEX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck AEX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck AEX etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck AEX Lagged Returns
When evaluating VanEck AEX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck AEX etf have on its future price. VanEck AEX 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 AEX autocorrelation shows the relationship between VanEck AEX etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck AEX UCITS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in VanEck Etf
VanEck AEX 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 AEX security.