Vanguard Canadian Short Term Etf Market Value
| VSC Etf | CAD 23.98 0.02 0.08% |
| Symbol | Vanguard |
Vanguard Canadian '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 Canadian'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 Canadian.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Vanguard Canadian on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Canadian Short Term or generate 0.0% return on investment in Vanguard Canadian over 180 days. Vanguard Canadian is related to or competes with Vanguard Canadian, Global X, Invesco 1, IShares Canadian, and Vanguard FTSE. The ETF seeks to track, to the extent reasonably possible and before fees and expenses, the performance of a broad Canad... More
Vanguard Canadian 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 Canadian'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 Canadian Short Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.131 | |||
| Information Ratio | (0.81) | |||
| Maximum Drawdown | 0.5467 | |||
| Value At Risk | (0.17) | |||
| Potential Upside | 0.2109 |
Vanguard Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Canadian's standard deviation. In reality, there are many statistical measures that can use Vanguard Canadian historical prices to predict the future Vanguard Canadian's volatility.| Risk Adjusted Performance | 0.0687 | |||
| Jensen Alpha | 0.0084 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.84) | |||
| Treynor Ratio | 0.6193 |
Vanguard Canadian Short Backtested Returns
As of now, Vanguard Etf is very steady. Vanguard Canadian Short 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 twenty-eight technical indicators for Vanguard Canadian Short Term, which you can use to evaluate the volatility of the etf. Please validate Vanguard Canadian's Standard Deviation of 0.1363, downside deviation of 0.131, and Risk Adjusted Performance of 0.0687 to confirm if the risk estimate we provide is consistent with the expected return of 0.0228%. The entity has a beta of 0.0169, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vanguard Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard Canadian is expected to be smaller as well.
Auto-correlation | 0.46 |
Average predictability
Vanguard Canadian Short Term has average predictability. Overlapping area represents the amount of predictability between Vanguard Canadian time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Canadian Short price movement. The serial correlation of 0.46 indicates that about 46.0% of current Vanguard Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Vanguard Canadian Short lagged returns against current returns
Autocorrelation, which is Vanguard Canadian 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 Canadian's etf expected returns. We can calculate the autocorrelation of Vanguard Canadian returns to help us make a trade decision. For example, suppose you find that Vanguard Canadian 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 Canadian 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 Canadian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Canadian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Canadian etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Canadian Lagged Returns
When evaluating Vanguard Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Canadian etf have on its future price. Vanguard Canadian 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 Canadian autocorrelation shows the relationship between Vanguard Canadian etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Canadian Short Term.
Regressed Prices |
| Timeline |
Pair Trading with Vanguard Canadian
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 Canadian 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 Canadian will appreciate offsetting losses from the drop in the long position's value.Moving together with Vanguard Etf
| 0.93 | XSB | iShares Canadian Short | PairCorr |
| 0.98 | XSH | iShares Core Canadian | PairCorr |
| 0.98 | ZCS | BMO Short Corporate | PairCorr |
| 0.92 | VSB | Vanguard Canadian Short | PairCorr |
| 0.7 | ZST | BMO Ultra Short | PairCorr |
The ability to find closely correlated positions to Vanguard Canadian 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 Canadian 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 Canadian - 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 Canadian Short Term to buy it.
The correlation of Vanguard Canadian 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 Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Canadian Short 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 Canadian 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.Other Information on Investing in Vanguard Etf
Vanguard Canadian financial ratios help investors to determine whether Vanguard Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Vanguard with respect to the benefits of owning Vanguard Canadian security.