VanEck AMX (Netherlands) Market Value
| TMX Etf | EUR 86.70 0.69 0.80% |
| Symbol | VanEck |
VanEck AMX '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 AMX'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 AMX.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in VanEck AMX on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck AMX UCITS or generate 0.0% return on investment in VanEck AMX over 30 days. VanEck AMX is related to or competes with IShares Core, Pershing Square, ASML Holding, and Koninklijke Philips. The investment seeks to track the price and yield performance, before fees and expense, of the AMX index More
VanEck AMX 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 AMX'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 AMX UCITS upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.51 |
VanEck AMX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck AMX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck AMX's standard deviation. In reality, there are many statistical measures that can use VanEck AMX historical prices to predict the future VanEck AMX's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.87) |
VanEck AMX UCITS Backtested Returns
VanEck AMX UCITS owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0657, which indicates the etf had a -0.0657% return per unit of risk over the last 3 months. VanEck AMX UCITS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck AMX's Coefficient Of Variation of (1,408), risk adjusted performance of (0.05), and Variance of 0.6705 to confirm the risk estimate we provide. The entity has a beta of 0.0786, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck AMX's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck AMX is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
VanEck AMX UCITS has good predictability. Overlapping area represents the amount of predictability between VanEck AMX time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 AMX UCITS price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current VanEck AMX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.3 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
VanEck AMX UCITS lagged returns against current returns
Autocorrelation, which is VanEck AMX 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 AMX's etf expected returns. We can calculate the autocorrelation of VanEck AMX returns to help us make a trade decision. For example, suppose you find that VanEck AMX 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 AMX 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 AMX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck AMX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck AMX etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck AMX Lagged Returns
When evaluating VanEck AMX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck AMX etf have on its future price. VanEck AMX 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 AMX autocorrelation shows the relationship between VanEck AMX etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck AMX UCITS.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in VanEck Etf
VanEck AMX 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 AMX security.