VanEck Vectors' market value is the price at which a share of VanEck Vectors trades on a public exchange. It measures the collective expectations of VanEck Vectors Bitcoin investors about its performance. VanEck Vectors is trading at 48.81 as of the 27th of November 2024, a 1.31% increase since the beginning of the trading day. The etf's open price was 48.18. With this module, you can estimate the performance of a buy and hold strategy of VanEck Vectors Bitcoin and determine expected loss or profit from investing in VanEck Vectors over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
VanEck
VanEck Vectors '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 Vectors' 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 Vectors.
0.00
10/28/2024
No Change 0.00
0.0
In 31 days
11/27/2024
0.00
If you would invest 0.00 in VanEck Vectors on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Vectors Bitcoin or generate 0.0% return on investment in VanEck Vectors over 30 days.
VanEck Vectors 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 Vectors' 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 Vectors Bitcoin upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Vectors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Vectors' standard deviation. In reality, there are many statistical measures that can use VanEck Vectors historical prices to predict the future VanEck Vectors' volatility.
VanEck Vectors appears to be very steady, given 3 months investment horizon. VanEck Vectors Bitcoin owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.26, which indicates the etf had a 0.26% return per unit of risk over the last 3 months. By inspecting VanEck Vectors' technical indicators, you can evaluate if the expected return of 0.82% is justified by implied risk. Please review VanEck Vectors' Risk Adjusted Performance of 0.2147, coefficient of variation of 369.21, and Semi Deviation of 2.08 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Vectors' returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Vectors is expected to be smaller as well.
Auto-correlation
0.53
Modest predictability
VanEck Vectors Bitcoin has modest predictability. Overlapping area represents the amount of predictability between VanEck Vectors time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Vectors Bitcoin price movement. The serial correlation of 0.53 indicates that about 53.0% of current VanEck Vectors price fluctuation can be explain by its past prices.
Correlation Coefficient
0.53
Spearman Rank Test
0.64
Residual Average
0.0
Price Variance
3.92
VanEck Vectors Bitcoin lagged returns against current returns
Autocorrelation, which is VanEck Vectors 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 Vectors' etf expected returns. We can calculate the autocorrelation of VanEck Vectors returns to help us make a trade decision. For example, suppose you find that VanEck Vectors 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 Vectors 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 Vectors etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Vectors etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Vectors etf over time.
Current vs Lagged Prices
Timeline
VanEck Vectors Lagged Returns
When evaluating VanEck Vectors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Vectors etf have on its future price. VanEck Vectors 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 Vectors autocorrelation shows the relationship between VanEck Vectors etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Vectors Bitcoin.
Regressed Prices
Timeline
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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.