VanEck Defense's market value is the price at which a share of VanEck Defense trades on a public exchange. It measures the collective expectations of VanEck Defense ETF investors about its performance. VanEck Defense is trading at 34.82 as of the 25th of December 2024, a 0.64% increase since the beginning of the trading day. The etf's lowest day price was 34.75. With this module, you can estimate the performance of a buy and hold strategy of VanEck Defense ETF and determine expected loss or profit from investing in VanEck Defense over a given investment horizon. Check out Investing Opportunities 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 Defense '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 Defense'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 Defense.
0.00
11/25/2024
No Change 0.00
0.0
In 30 days
12/25/2024
0.00
If you would invest 0.00 in VanEck Defense on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Defense ETF or generate 0.0% return on investment in VanEck Defense over 30 days.
VanEck Defense 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 Defense'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 Defense ETF 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 Defense's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Defense's standard deviation. In reality, there are many statistical measures that can use VanEck Defense historical prices to predict the future VanEck Defense's volatility.
VanEck Defense appears to be very steady, given 3 months investment horizon. VanEck Defense ETF 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 Defense ETF, which you can use to evaluate the volatility of the etf. Please review VanEck Defense's Coefficient Of Variation of 782.09, semi deviation of 1.49, and Risk Adjusted Performance of 0.1067 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.98, which indicates possible diversification benefits within a given portfolio. VanEck Defense returns are very sensitive to returns on the market. As the market goes up or down, VanEck Defense is expected to follow.
Auto-correlation
-0.56
Good reverse predictability
VanEck Defense ETF has good reverse predictability. Overlapping area represents the amount of predictability between VanEck Defense time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Defense ETF price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current VanEck Defense price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.56
Spearman Rank Test
0.24
Residual Average
0.0
Price Variance
0.02
VanEck Defense ETF lagged returns against current returns
Autocorrelation, which is VanEck Defense 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 Defense's etf expected returns. We can calculate the autocorrelation of VanEck Defense returns to help us make a trade decision. For example, suppose you find that VanEck Defense 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 Defense 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 Defense etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Defense etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Defense etf over time.
Current vs Lagged Prices
Timeline
VanEck Defense Lagged Returns
When evaluating VanEck Defense's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Defense etf have on its future price. VanEck Defense 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 Defense autocorrelation shows the relationship between VanEck Defense etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Defense ETF.
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.