Vident International Equity Etf Market Value
| VIDI Etf | USD 25.67 0.25 0.98% |
| Symbol | Vident |
The market value of Vident International is measured differently than its book value, which is the value of Vident that is recorded on the company's balance sheet. Investors also form their own opinion of Vident International's value that differs from its market value or its book value, called intrinsic value, which is Vident International'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 Vident International's market value can be influenced by many factors that don't directly affect Vident International'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 Vident International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vident International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vident International'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.
Vident International '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 Vident International'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 Vident International.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Vident International on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Vident International Equity or generate 0.0% return on investment in Vident International over 30 days. Vident International is related to or competes with Vident Core, Vident Core, IShares MSCI, BMO Mid, and First Trust. Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities o... More
Vident International 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 Vident International'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 Vident International Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8509 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 4.45 | |||
| Value At Risk | (1.36) | |||
| Potential Upside | 1.1 |
Vident International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vident International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vident International's standard deviation. In reality, there are many statistical measures that can use Vident International historical prices to predict the future Vident International's volatility.| Risk Adjusted Performance | 0.0113 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0068 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vident International'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.
Vident International Backtested Returns
Vident International is very steady at the moment. Vident International owns Efficiency Ratio (i.e., Sharpe Ratio) of close to zero, which indicates the etf had a close to zero % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vident International Equity, which you can use to evaluate the volatility of the etf. Please validate Vident International's Risk Adjusted Performance of 0.0113, semi deviation of 0.7764, and Coefficient Of Variation of 6863.28 to confirm if the risk estimate we provide is consistent with the expected return of 0.0076%. The entity has a beta of 0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vident International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vident International is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
Vident International Equity has average predictability. Overlapping area represents the amount of predictability between Vident International time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Vident International price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Vident International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Vident International lagged returns against current returns
Autocorrelation, which is Vident International 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 Vident International's etf expected returns. We can calculate the autocorrelation of Vident International returns to help us make a trade decision. For example, suppose you find that Vident International 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 |
Vident International 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 Vident International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vident International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vident International etf over time.
Current vs Lagged Prices |
| Timeline |
Vident International Lagged Returns
When evaluating Vident International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vident International etf have on its future price. Vident International 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, Vident International autocorrelation shows the relationship between Vident International etf current value and its past values and can show if there is a momentum factor associated with investing in Vident International Equity.
Regressed Prices |
| Timeline |
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Check out Vident International Correlation, Vident International Volatility and Vident International Alpha and Beta module to complement your research on Vident International. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Vident International 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.