Vert Global Sustainable Etf Market Value
| VGSR Etf | 10.80 0.06 0.56% |
| Symbol | Vert |
The market value of Vert Global Sustainable is measured differently than its book value, which is the value of Vert that is recorded on the company's balance sheet. Investors also form their own opinion of Vert Global's value that differs from its market value or its book value, called intrinsic value, which is Vert Global'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 Vert Global's market value can be influenced by many factors that don't directly affect Vert Global'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 Vert Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vert Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vert Global'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.
Vert Global '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 Vert Global'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 Vert Global.
| 10/31/2023 |
| 11/24/2024 |
If you would invest 0.00 in Vert Global on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Vert Global Sustainable or generate 0.0% return on investment in Vert Global over 390 days. Vert Global is related to or competes with First Trust, Ultimus Managers, Horizon Kinetics, Harbor Health, American Beacon, First Trust, and Direxion Daily. Vert Global is entity of United States. It is traded as Etf on NASDAQ exchange. More
Vert Global 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 Vert Global'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 Vert Global Sustainable upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9211 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.29 |
Vert Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vert Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vert Global's standard deviation. In reality, there are many statistical measures that can use Vert Global historical prices to predict the future Vert Global's volatility.| Risk Adjusted Performance | 0.0462 | |||
| Jensen Alpha | 0.0159 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.2044 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vert Global'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.
Vert Global Sustainable Backtested Returns
Currently, Vert Global Sustainable is very steady. Vert Global Sustainable owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0273, which indicates the etf had a 0.0273% return per unit of risk over the last 3 months. We have found thirty technical indicators for Vert Global Sustainable, which you can use to evaluate the volatility of the etf. Please validate Vert Global's Risk Adjusted Performance of 0.0462, semi deviation of 0.8598, and Coefficient Of Variation of 1686.61 to confirm if the risk estimate we provide is consistent with the expected return of 0.0218%. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vert Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vert Global is expected to be smaller as well.
Auto-correlation | -0.26 |
Weak reverse predictability
Vert Global Sustainable has weak reverse predictability. Overlapping area represents the amount of predictability between Vert Global time series from 31st of October 2023 to 13th of May 2024 and 13th of May 2024 to 24th 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 Vert Global Sustainable price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Vert Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Vert Global Sustainable lagged returns against current returns
Autocorrelation, which is Vert Global 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 Vert Global's etf expected returns. We can calculate the autocorrelation of Vert Global returns to help us make a trade decision. For example, suppose you find that Vert Global 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 |
Vert Global 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 Vert Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vert Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vert Global etf over time.
Current vs Lagged Prices |
| Timeline |
Vert Global Lagged Returns
When evaluating Vert Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vert Global etf have on its future price. Vert Global 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, Vert Global autocorrelation shows the relationship between Vert Global etf current value and its past values and can show if there is a momentum factor associated with investing in Vert Global Sustainable.
Regressed Prices |
| Timeline |
Pair Trading with Vert Global
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 Vert Global 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 Vert Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Vert Etf
| 0.98 | REET | iShares Global REIT | PairCorr |
| 0.95 | RWO | SPDR Dow Jones | PairCorr |
| 0.72 | HAUZ | Xtrackers International | PairCorr |
| 0.66 | RWX | SPDR Dow Jones | PairCorr |
| 0.97 | GQRE | FlexShares Global Quality | PairCorr |
Moving against Vert Etf
The ability to find closely correlated positions to Vert Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vert Global 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 Vert Global - 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 Vert Global Sustainable to buy it.
The correlation of Vert Global 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 Vert Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vert Global Sustainable 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 Vert Global 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 Vert Global Correlation, Vert Global Volatility and Vert Global Alpha and Beta module to complement your research on Vert Global. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Vert Global 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.