Vanguard Industrials Index Etf Market Value
| VIS Etf | USD 273.32 3.78 1.40% |
| Symbol | Vanguard |
The market value of Vanguard Industrials 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 Industrials' value that differs from its market value or its book value, called intrinsic value, which is Vanguard Industrials' 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 Industrials' market value can be influenced by many factors that don't directly affect Vanguard Industrials' 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 Industrials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Industrials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Industrials' 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 Industrials '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 Industrials' 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 Industrials.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in Vanguard Industrials on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Industrials Index or generate 0.0% return on investment in Vanguard Industrials over 30 days. Vanguard Industrials is related to or competes with Vanguard Materials, Vanguard Consumer, Vanguard Communication, Vanguard Consumer, and Vanguard Financials. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Inde... More
Vanguard Industrials 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 Industrials' 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 Industrials Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8076 | |||
| Information Ratio | 0.0624 | |||
| Maximum Drawdown | 5.86 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.76 |
Vanguard Industrials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Industrials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Industrials' standard deviation. In reality, there are many statistical measures that can use Vanguard Industrials historical prices to predict the future Vanguard Industrials' volatility.| Risk Adjusted Performance | 0.1241 | |||
| Jensen Alpha | 0.0482 | |||
| Total Risk Alpha | 0.0365 | |||
| Sortino Ratio | 0.0741 | |||
| Treynor Ratio | 0.1278 |
Vanguard Industrials Backtested Returns
Currently, Vanguard Industrials Index is very steady. Vanguard Industrials owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.16, which indicates the etf had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for Vanguard Industrials Index, which you can use to evaluate the volatility of the etf. Please validate Vanguard Industrials' Risk Adjusted Performance of 0.1241, coefficient of variation of 617.62, and Semi Deviation of 0.6326 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The entity has a beta of 1.14, which indicates a somewhat significant risk relative to the market. Vanguard Industrials returns are very sensitive to returns on the market. As the market goes up or down, Vanguard Industrials is expected to follow.
Auto-correlation | 0.24 |
Weak predictability
Vanguard Industrials Index has weak predictability. Overlapping area represents the amount of predictability between Vanguard Industrials time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Industrials price movement. The serial correlation of 0.24 indicates that over 24.0% of current Vanguard Industrials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 9.26 |
Vanguard Industrials lagged returns against current returns
Autocorrelation, which is Vanguard Industrials 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 Industrials' etf expected returns. We can calculate the autocorrelation of Vanguard Industrials returns to help us make a trade decision. For example, suppose you find that Vanguard Industrials 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 Industrials 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 Industrials etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Industrials etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Industrials etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Industrials Lagged Returns
When evaluating Vanguard Industrials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Industrials etf have on its future price. Vanguard Industrials 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 Industrials autocorrelation shows the relationship between Vanguard Industrials etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Industrials Index.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Vanguard Industrials Correlation, Vanguard Industrials Volatility and Vanguard Industrials Alpha and Beta module to complement your research on Vanguard Industrials. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Vanguard Industrials 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.