Vanguard Tax Exempt Bond Etf Market Value
| VTEB Etf | USD 50.81 0.19 0.38% |
| Symbol | Vanguard |
The market value of Vanguard Tax Exempt 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 Tax's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Tax'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 Tax's market value can be influenced by many factors that don't directly affect Vanguard Tax'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 Tax's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Tax is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Tax'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 Tax '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 Tax'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 Tax.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Vanguard Tax on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Tax Exempt Bond or generate 0.0% return on investment in Vanguard Tax over 30 days. Vanguard Tax is related to or competes with IShares National, Vanguard Short, Vanguard Intermediate, Vanguard Short, and Vanguard Short. This index includes municipal bonds from issuers that are primarily state or local governments or agencies whose interes... More
Vanguard Tax 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 Tax'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 Tax Exempt Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3 | |||
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.63 | |||
| Value At Risk | (0.34) | |||
| Potential Upside | 0.3367 |
Vanguard Tax Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Tax's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Tax's standard deviation. In reality, there are many statistical measures that can use Vanguard Tax historical prices to predict the future Vanguard Tax's volatility.| Risk Adjusted Performance | 0.009 | |||
| Jensen Alpha | 0.0145 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.40) | |||
| Treynor Ratio | 0.0028 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Tax'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.
Vanguard Tax Exempt Backtested Returns
At this point, Vanguard Tax is very steady. Vanguard Tax Exempt owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0595, which indicates the etf had a 0.0595% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vanguard Tax Exempt Bond, which you can use to evaluate the volatility of the etf. Please validate Vanguard Tax's Coefficient Of Variation of 2764.17, risk adjusted performance of 0.009, and Semi Deviation of 0.2725 to confirm if the risk estimate we provide is consistent with the expected return of 0.0164%. The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Vanguard Tax are expected to decrease at a much lower rate. During the bear market, Vanguard Tax is likely to outperform the market.
Auto-correlation | 0.39 |
Below average predictability
Vanguard Tax Exempt Bond has below average predictability. Overlapping area represents the amount of predictability between Vanguard Tax time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Tax Exempt price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Vanguard Tax price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Vanguard Tax Exempt lagged returns against current returns
Autocorrelation, which is Vanguard Tax 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 Tax's etf expected returns. We can calculate the autocorrelation of Vanguard Tax returns to help us make a trade decision. For example, suppose you find that Vanguard Tax 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 Tax 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 Tax etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Tax etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Tax etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Tax Lagged Returns
When evaluating Vanguard Tax's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Tax etf have on its future price. Vanguard Tax 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 Tax autocorrelation shows the relationship between Vanguard Tax etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Tax Exempt Bond.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Vanguard Tax Exempt offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vanguard Tax's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vanguard Tax Exempt Bond Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vanguard Tax Exempt Bond Etf:Check out Vanguard Tax Correlation, Vanguard Tax Volatility and Vanguard Tax Alpha and Beta module to complement your research on Vanguard Tax. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Vanguard Tax 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.