Vanguard Utilities Index Etf Market Value
| VPU Etf | USD 170.17 0.28 0.16% |
| Symbol | Vanguard |
The market value of Vanguard Utilities Index 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 Utilities' value that differs from its market value or its book value, called intrinsic value, which is Vanguard Utilities' 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 Utilities' market value can be influenced by many factors that don't directly affect Vanguard Utilities' 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 Utilities' value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Utilities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Utilities' 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 Utilities '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 Utilities' 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 Utilities.
| 12/21/2024 |
| 01/20/2025 |
If you would invest 0.00 in Vanguard Utilities on December 21, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Utilities Index or generate 0.0% return on investment in Vanguard Utilities over 30 days. Vanguard Utilities is related to or competes with Vanguard Consumer, Vanguard Materials, Vanguard Communication, Vanguard Financials, and Vanguard Industrials. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Inde... More
Vanguard Utilities 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 Utilities' 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 Utilities Index upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 4.34 | |||
| Value At Risk | (1.99) | |||
| Potential Upside | 1.54 |
Vanguard Utilities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Utilities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Utilities' standard deviation. In reality, there are many statistical measures that can use Vanguard Utilities historical prices to predict the future Vanguard Utilities' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (1.93) |
Vanguard Utilities Index Backtested Returns
Vanguard Utilities Index owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0279, which indicates the etf had a -0.0279 % return per unit of risk over the last 3 months. Vanguard Utilities Index exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vanguard Utilities' Coefficient Of Variation of (3,587), risk adjusted performance of (0.02), and Variance of 1.03 to confirm the risk estimate we provide. The entity has a beta of 0.0199, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vanguard Utilities' returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard Utilities is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Vanguard Utilities Index has good predictability. Overlapping area represents the amount of predictability between Vanguard Utilities time series from 21st of December 2024 to 5th of January 2025 and 5th of January 2025 to 20th of January 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 Vanguard Utilities Index price movement. The serial correlation of 0.69 indicates that around 69.0% of current Vanguard Utilities price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 8.2 |
Vanguard Utilities Index lagged returns against current returns
Autocorrelation, which is Vanguard Utilities 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 Utilities' etf expected returns. We can calculate the autocorrelation of Vanguard Utilities returns to help us make a trade decision. For example, suppose you find that Vanguard Utilities 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 Utilities 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 Utilities etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Utilities etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Utilities etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Utilities Lagged Returns
When evaluating Vanguard Utilities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Utilities etf have on its future price. Vanguard Utilities 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 Utilities autocorrelation shows the relationship between Vanguard Utilities etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Utilities Index.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out Vanguard Utilities Correlation, Vanguard Utilities Volatility and Vanguard Utilities Alpha and Beta module to complement your research on Vanguard Utilities. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Vanguard Utilities 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.