Vanguard Consumer Discretionary Etf Market Value
| VCR Etf | USD 368.50 5.82 1.60% |
| Symbol | Vanguard |
The market value of Vanguard Consumer 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 Consumer's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Consumer'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 Consumer's market value can be influenced by many factors that don't directly affect Vanguard Consumer'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 Consumer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Consumer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Consumer'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 Consumer '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 Consumer'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 Consumer.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Vanguard Consumer on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Vanguard Consumer Discretionary or generate 0.0% return on investment in Vanguard Consumer over 720 days. Vanguard Consumer is related to or competes with Vanguard Consumer, Vanguard Industrials, Vanguard Communication, Vanguard Materials, and Vanguard Financials. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Inde... More
Vanguard Consumer 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 Consumer'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 Consumer Discretionary upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | 0.1003 | |||
| Maximum Drawdown | 4.79 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 2.1 |
Vanguard Consumer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Consumer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Consumer's standard deviation. In reality, there are many statistical measures that can use Vanguard Consumer historical prices to predict the future Vanguard Consumer's volatility.| Risk Adjusted Performance | 0.1691 | |||
| Jensen Alpha | 0.1044 | |||
| Total Risk Alpha | 0.0563 | |||
| Sortino Ratio | 0.1119 | |||
| Treynor Ratio | 0.2183 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Consumer's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Vanguard Consumer Backtested Returns
Vanguard Consumer appears to be very steady, given 3 months investment horizon. Vanguard Consumer owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the etf had a 0.21% return per unit of risk over the last 3 months. We have found thirty technical indicators for Vanguard Consumer Discretionary, which you can use to evaluate the volatility of the etf. Please review Vanguard Consumer's Risk Adjusted Performance of 0.1691, coefficient of variation of 462.18, and Semi Deviation of 0.7673 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 1.07, which indicates a somewhat significant risk relative to the market. Vanguard Consumer returns are very sensitive to returns on the market. As the market goes up or down, Vanguard Consumer is expected to follow.
Auto-correlation | 0.50 |
Modest predictability
Vanguard Consumer Discretionary has modest predictability. Overlapping area represents the amount of predictability between Vanguard Consumer time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 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 Consumer price movement. The serial correlation of 0.5 indicates that about 50.0% of current Vanguard Consumer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.5 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 331.46 |
Vanguard Consumer lagged returns against current returns
Autocorrelation, which is Vanguard Consumer 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 Consumer's etf expected returns. We can calculate the autocorrelation of Vanguard Consumer returns to help us make a trade decision. For example, suppose you find that Vanguard Consumer 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 Consumer 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 Consumer etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Consumer etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Consumer etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Consumer Lagged Returns
When evaluating Vanguard Consumer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Consumer etf have on its future price. Vanguard Consumer 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 Consumer autocorrelation shows the relationship between Vanguard Consumer etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Consumer Discretionary.
Regressed Prices |
| Timeline |
Pair Trading with Vanguard Consumer
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 Vanguard Consumer 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 Vanguard Consumer will appreciate offsetting losses from the drop in the long position's value.Moving together with Vanguard Etf
The ability to find closely correlated positions to Vanguard Consumer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard Consumer 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 Vanguard Consumer - 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 Vanguard Consumer Discretionary to buy it.
The correlation of Vanguard Consumer 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 Vanguard Consumer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Consumer 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 Vanguard Consumer 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 Vanguard Consumer Correlation, Vanguard Consumer Volatility and Vanguard Consumer Alpha and Beta module to complement your research on Vanguard Consumer. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Vanguard Consumer 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.