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 Ethereum investors about its performance. VanEck Vectors is trading at 20.19 as of the 30th of November 2024, a 6.21% increase since the beginning of the trading day. The etf's open price was 19.01. With this module, you can estimate the performance of a buy and hold strategy of VanEck Vectors Ethereum 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
10/31/2024
No Change 0.00
0.0
In 31 days
11/30/2024
0.00
If you would invest 0.00 in VanEck Vectors on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Vectors Ethereum 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 Ethereum 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 not too volatile, given 3 months investment horizon. VanEck Vectors Ethereum owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the etf had a 0.17% return per unit of risk over the last 3 months. By inspecting VanEck Vectors' technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please review VanEck Vectors' Coefficient Of Variation of 570.01, semi deviation of 2.79, and Risk Adjusted Performance of 0.1422 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning VanEck Vectors are expected to decrease at a much lower rate. During the bear market, VanEck Vectors is likely to outperform the market.
Auto-correlation
0.85
Very good predictability
VanEck Vectors Ethereum has very good predictability. Overlapping area represents the amount of predictability between VanEck Vectors time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 VanEck Vectors Ethereum price movement. The serial correlation of 0.85 indicates that around 85.0% of current VanEck Vectors price fluctuation can be explain by its past prices.
Correlation Coefficient
0.85
Spearman Rank Test
0.9
Residual Average
0.0
Price Variance
1.14
VanEck Vectors Ethereum 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 Ethereum.
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.