VanEck 1 (Australia) Market Value
| 1GOV Etf | 51.30 0.11 0.21% |
| Symbol | VanEck |
Please note, there is a significant difference between VanEck 1's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck 1 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck 1'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.
VanEck 1 '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 1'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 1.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in VanEck 1 on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding VanEck 1 5 Year or generate 0.0% return on investment in VanEck 1 over 480 days. VanEck 1 is related to or competes with Betashares Asia, BetaShares Australia, Australian High, and Vanguard Australian. VanEck 1 is entity of Australia. It is traded as Etf on AU exchange. More
VanEck 1 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 1'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 1 5 Year upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2613 | |||
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.4 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.2176 |
VanEck 1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck 1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck 1's standard deviation. In reality, there are many statistical measures that can use VanEck 1 historical prices to predict the future VanEck 1's volatility.| Risk Adjusted Performance | 0.01 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.44) | |||
| Treynor Ratio | (0.0002) |
VanEck 1 5 Backtested Returns
Currently, VanEck 1 5 Year is very steady. VanEck 1 5 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0385, which indicates the etf had a 0.0385% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck 1 5 Year, which you can use to evaluate the volatility of the etf. Please validate VanEck 1's Coefficient Of Variation of 2096.38, semi deviation of 0.2351, and Risk Adjusted Performance of 0.01 to confirm if the risk estimate we provide is consistent with the expected return of 0.0082%. The entity has a beta of 0.0284, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck 1's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck 1 is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
VanEck 1 5 Year has modest predictability. Overlapping area represents the amount of predictability between VanEck 1 time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 1 5 price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current VanEck 1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
VanEck 1 5 lagged returns against current returns
Autocorrelation, which is VanEck 1 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 1's etf expected returns. We can calculate the autocorrelation of VanEck 1 returns to help us make a trade decision. For example, suppose you find that VanEck 1 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 1 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 1 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck 1 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck 1 etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck 1 Lagged Returns
When evaluating VanEck 1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck 1 etf have on its future price. VanEck 1 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 1 autocorrelation shows the relationship between VanEck 1 etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck 1 5 Year.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in VanEck Etf
VanEck 1 financial ratios help investors to determine whether VanEck 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 VanEck with respect to the benefits of owning VanEck 1 security.