VanEck TRON's market value is the price at which a share of VanEck TRON trades on a public exchange. It measures the collective expectations of VanEck TRON ETN investors about its performance. VanEck TRON is selling for under 21.81 as of the 1st of December 2024; that is 14.67% increase since the beginning of the trading day. The etf's lowest day price was 21.41. With this module, you can estimate the performance of a buy and hold strategy of VanEck TRON ETN and determine expected loss or profit from investing in VanEck TRON over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
VanEck
VanEck TRON '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 VanEck TRON'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 VanEck TRON.
0.00
12/12/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/01/2024
0.00
If you would invest 0.00 in VanEck TRON on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding VanEck TRON ETN or generate 0.0% return on investment in VanEck TRON over 720 days.
VanEck TRON 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 VanEck TRON'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 VanEck TRON ETN upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck TRON's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck TRON's standard deviation. In reality, there are many statistical measures that can use VanEck TRON historical prices to predict the future VanEck TRON's volatility.
VanEck TRON appears to be not too volatile, given 3 months investment horizon. VanEck TRON ETN owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.19, which indicates the etf had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck TRON ETN, which you can use to evaluate the volatility of the etf. Please review VanEck TRON's Coefficient Of Variation of 695.4, risk adjusted performance of 0.1167, and Semi Deviation of 0.6896 to confirm if our risk estimates are consistent with your expectations. 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 VanEck TRON are expected to decrease at a much lower rate. During the bear market, VanEck TRON is likely to outperform the market.
Auto-correlation
0.89
Very good predictability
VanEck TRON ETN has very good predictability. Overlapping area represents the amount of predictability between VanEck TRON time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st of December 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 VanEck TRON ETN price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current VanEck TRON price fluctuation can be explain by its past prices.
Correlation Coefficient
0.89
Spearman Rank Test
0.78
Residual Average
0.0
Price Variance
5.26
VanEck TRON ETN lagged returns against current returns
Autocorrelation, which is VanEck TRON 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 VanEck TRON's etf expected returns. We can calculate the autocorrelation of VanEck TRON returns to help us make a trade decision. For example, suppose you find that VanEck TRON 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
VanEck TRON 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 VanEck TRON etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck TRON etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck TRON etf over time.
Current vs Lagged Prices
Timeline
VanEck TRON Lagged Returns
When evaluating VanEck TRON's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck TRON etf have on its future price. VanEck TRON 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, VanEck TRON autocorrelation shows the relationship between VanEck TRON etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck TRON ETN.
Regressed Prices
Timeline
Thematic Opportunities
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