VanEck New (UK) Market Value
| CEBG Etf | 11.42 0.07 0.62% |
| Symbol | VanEck |
VanEck New '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 New'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 New.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in VanEck New on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding VanEck New China or generate 0.0% return on investment in VanEck New over 390 days. VanEck New is related to or competes with Vanguard FTSE, Leverage Shares, Amundi Index, Amundi Index, Albion Venture, Leverage Shares, and Leverage Shares. VanEck New is entity of United Kingdom. It is traded as Etf on LSE exchange. More
VanEck New 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 New'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 New China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.26 | |||
| Information Ratio | 0.1027 | |||
| Maximum Drawdown | 19.68 | |||
| Value At Risk | (4.77) | |||
| Potential Upside | 6.97 |
VanEck New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck New's standard deviation. In reality, there are many statistical measures that can use VanEck New historical prices to predict the future VanEck New's volatility.| Risk Adjusted Performance | 0.1065 | |||
| Jensen Alpha | 0.4332 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1063 | |||
| Treynor Ratio | 2.93 |
VanEck New China Backtested Returns
VanEck New appears to be somewhat reliable, given 3 months investment horizon. VanEck New China owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck New China, which you can use to evaluate the volatility of the etf. Please review VanEck New's Risk Adjusted Performance of 0.1065, semi deviation of 2.93, and Coefficient Of Variation of 736.14 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.15, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck New's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck New is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
VanEck New China has average predictability. Overlapping area represents the amount of predictability between VanEck New time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 New China price movement. The serial correlation of 0.43 indicates that just about 43.0% of current VanEck New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
VanEck New China lagged returns against current returns
Autocorrelation, which is VanEck New 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 New's etf expected returns. We can calculate the autocorrelation of VanEck New returns to help us make a trade decision. For example, suppose you find that VanEck New 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 New 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 New etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck New etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck New etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck New Lagged Returns
When evaluating VanEck New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck New etf have on its future price. VanEck New 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 New autocorrelation shows the relationship between VanEck New etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck New China.
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.Other Information on Investing in VanEck Etf
VanEck New 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 New security.