Vesper Large Cap Etf Market Value
| UTRN Etf | USD 32.41 0.18 0.56% |
| Symbol | Vesper |
The market value of Vesper Large Cap is measured differently than its book value, which is the value of Vesper that is recorded on the company's balance sheet. Investors also form their own opinion of Vesper Large's value that differs from its market value or its book value, called intrinsic value, which is Vesper Large'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 Vesper Large's market value can be influenced by many factors that don't directly affect Vesper Large'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 Vesper Large's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vesper Large is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vesper Large'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.
Vesper Large '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 Vesper Large'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 Vesper Large.
| 02/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in Vesper Large on February 9, 2023 and sell it all today you would earn a total of 0.00 from holding Vesper Large Cap or generate 0.0% return on investment in Vesper Large over 660 days. Vesper Large is related to or competes with Vanguard Total, SPDR SP, IShares Core, Vanguard Dividend, Vanguard Large, Invesco SP, and IShares Russell. The fund will normally invest at least 80 percent of its total assets in securities of the index More
Vesper Large 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 Vesper Large'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 Vesper Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6994 | |||
| Information Ratio | 0.0315 | |||
| Maximum Drawdown | 3.08 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.06 |
Vesper Large Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vesper Large's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vesper Large's standard deviation. In reality, there are many statistical measures that can use Vesper Large historical prices to predict the future Vesper Large's volatility.| Risk Adjusted Performance | 0.1835 | |||
| Jensen Alpha | 0.0726 | |||
| Total Risk Alpha | 0.0392 | |||
| Sortino Ratio | 0.0294 | |||
| Treynor Ratio | 0.25 |
Vesper Large Cap Backtested Returns
As of now, Vesper Etf is very steady. Vesper Large Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the etf had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vesper Large Cap, which you can use to evaluate the volatility of the etf. Please validate Vesper Large's Semi Deviation of 0.4068, coefficient of variation of 412.74, and Risk Adjusted Performance of 0.1835 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. The entity has a beta of 0.59, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vesper Large's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vesper Large is expected to be smaller as well.
Auto-correlation | -0.42 |
Modest reverse predictability
Vesper Large Cap has modest reverse predictability. Overlapping area represents the amount of predictability between Vesper Large time series from 9th of February 2023 to 5th of January 2024 and 5th of January 2024 to 30th 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 Vesper Large Cap price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Vesper Large price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 6.45 |
Vesper Large Cap lagged returns against current returns
Autocorrelation, which is Vesper Large 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 Vesper Large's etf expected returns. We can calculate the autocorrelation of Vesper Large returns to help us make a trade decision. For example, suppose you find that Vesper Large 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 |
Vesper Large 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 Vesper Large etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vesper Large etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vesper Large etf over time.
Current vs Lagged Prices |
| Timeline |
Vesper Large Lagged Returns
When evaluating Vesper Large's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vesper Large etf have on its future price. Vesper Large 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, Vesper Large autocorrelation shows the relationship between Vesper Large etf current value and its past values and can show if there is a momentum factor associated with investing in Vesper Large Cap.
Regressed Prices |
| Timeline |
Pair Trading with Vesper Large
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Vesper Large position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Vesper Large will appreciate offsetting losses from the drop in the long position's value.Moving together with Vesper Etf
| 0.95 | VTI | Vanguard Total Stock | PairCorr |
| 0.94 | SPY | SPDR SP 500 Aggressive Push | PairCorr |
| 0.94 | IVV | iShares Core SP | PairCorr |
| 0.94 | VIG | Vanguard Dividend | PairCorr |
| 0.94 | VV | Vanguard Large Cap | PairCorr |
The ability to find closely correlated positions to Vesper Large could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vesper Large when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vesper Large - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vesper Large Cap to buy it.
The correlation of Vesper Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vesper Large moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vesper Large Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Vesper Large can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Vesper Large Correlation, Vesper Large Volatility and Vesper Large Alpha and Beta module to complement your research on Vesper Large. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Vesper Large 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.