Vanguard Real Estate Etf Market Value
| VNQ Etf | USD 95.52 0.70 0.74% |
| Symbol | Vanguard |
The market value of Vanguard Real Estate 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 Real's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Real'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 Real's market value can be influenced by many factors that don't directly affect Vanguard Real'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 Real's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Real is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Real'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 Real '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 Real'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 Real.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Vanguard Real on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Vanguard Real Estate or generate 0.0% return on investment in Vanguard Real over 720 days. Vanguard Real is related to or competes with Vanguard FTSE, Vanguard High, Vanguard Total, Vanguard Total, and Vanguard Dividend. The advisor attempts to track the index by investing all, or substantially all, of its assets-either directly or indirec... More
Vanguard Real 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 Real'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 Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9054 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.32 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.33 |
Vanguard Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Real's standard deviation. In reality, there are many statistical measures that can use Vanguard Real historical prices to predict the future Vanguard Real's volatility.| Risk Adjusted Performance | 0.0557 | |||
| Jensen Alpha | 0.0405 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.3739 |
Vanguard Real Estate Backtested Returns
Currently, Vanguard Real Estate is very steady. Vanguard Real Estate owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0342, which indicates the etf had a 0.0342% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vanguard Real Estate, which you can use to evaluate the volatility of the etf. Please validate Vanguard Real's Risk Adjusted Performance of 0.0557, semi deviation of 0.8221, and Coefficient Of Variation of 1386.11 to confirm if the risk estimate we provide is consistent with the expected return of 0.0287%. The entity has a beta of 0.14, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vanguard Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard Real is expected to be smaller as well.
Auto-correlation | -0.54 |
Good reverse predictability
Vanguard Real Estate has good reverse predictability. Overlapping area represents the amount of predictability between Vanguard Real time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Real Estate price movement. The serial correlation of -0.54 indicates that about 54.0% of current Vanguard Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.54 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 37.18 |
Vanguard Real Estate lagged returns against current returns
Autocorrelation, which is Vanguard Real 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 Real's etf expected returns. We can calculate the autocorrelation of Vanguard Real returns to help us make a trade decision. For example, suppose you find that Vanguard Real 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 Real 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 Real etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Real etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Real etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Real Lagged Returns
When evaluating Vanguard Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Real etf have on its future price. Vanguard Real 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 Real autocorrelation shows the relationship between Vanguard Real etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Real Estate.
Regressed Prices |
| Timeline |
Pair Trading with Vanguard Real
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 Real 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 Real will appreciate offsetting losses from the drop in the long position's value.Moving together with Vanguard Etf
Moving against Vanguard Etf
The ability to find closely correlated positions to Vanguard Real 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 Real 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 Real - 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 Real Estate to buy it.
The correlation of Vanguard Real 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 Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Real Estate 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 Real 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 Real Correlation, Vanguard Real Volatility and Vanguard Real Alpha and Beta module to complement your research on Vanguard Real. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Vanguard Real 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.