Vanguard Intermediate Term Corporate Etf Market Value
| VCIT Etf | USD 81.02 0.06 0.07% |
| Symbol | Vanguard |
The market value of Vanguard Intermediate is measured differently than its book value, which is the value of Vanguard that is recorded on the company's balance sheet. Investors also form their own opinion of Vanguard Intermediate's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Intermediate'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 Vanguard Intermediate's market value can be influenced by many factors that don't directly affect Vanguard Intermediate'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 Vanguard Intermediate's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Intermediate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Intermediate'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.
Vanguard Intermediate '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 Vanguard Intermediate'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 Vanguard Intermediate.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Vanguard Intermediate on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Intermediate Term Corporate or generate 0.0% return on investment in Vanguard Intermediate over 270 days. Vanguard Intermediate is related to or competes with Vanguard Short, Vanguard Long, Vanguard Intermediate, Vanguard Intermediate, and Vanguard Mortgage. The fund employs an indexing investment approach designed to track the performance of the Bloomberg U.S More
Vanguard Intermediate 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 Vanguard Intermediate'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 Vanguard Intermediate Term Corporate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.49) | |||
| Maximum Drawdown | 1.53 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.4387 |
Vanguard Intermediate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Intermediate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Intermediate's standard deviation. In reality, there are many statistical measures that can use Vanguard Intermediate historical prices to predict the future Vanguard Intermediate's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.8035 |
Vanguard Intermediate Backtested Returns
Vanguard Intermediate owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0709, which indicates the etf had a -0.0709% return per unit of risk over the last 3 months. Vanguard Intermediate Term Corporate exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vanguard Intermediate's Coefficient Of Variation of (2,081), variance of 0.0881, and Risk Adjusted Performance of (0.05) to confirm the risk estimate we provide. The entity has a beta of -0.0302, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vanguard Intermediate are expected to decrease at a much lower rate. During the bear market, Vanguard Intermediate is likely to outperform the market.
Auto-correlation | -0.36 |
Poor reverse predictability
Vanguard Intermediate Term Corporate has poor reverse predictability. Overlapping area represents the amount of predictability between Vanguard Intermediate time series from 29th of February 2024 to 13th of July 2024 and 13th of July 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 Vanguard Intermediate price movement. The serial correlation of -0.36 indicates that just about 36.0% of current Vanguard Intermediate price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Vanguard Intermediate lagged returns against current returns
Autocorrelation, which is Vanguard Intermediate 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 Vanguard Intermediate's etf expected returns. We can calculate the autocorrelation of Vanguard Intermediate returns to help us make a trade decision. For example, suppose you find that Vanguard Intermediate 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 |
Vanguard Intermediate 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 Vanguard Intermediate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Intermediate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Intermediate etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Intermediate Lagged Returns
When evaluating Vanguard Intermediate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Intermediate etf have on its future price. Vanguard Intermediate 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, Vanguard Intermediate autocorrelation shows the relationship between Vanguard Intermediate etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Intermediate Term Corporate.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Vanguard Intermediate Correlation, Vanguard Intermediate Volatility and Vanguard Intermediate Alpha and Beta module to complement your research on Vanguard Intermediate. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Vanguard Intermediate 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.