Vaneck Jp Morgan Etf Market Value
| EMLC Etf | USD 23.84 0.09 0.38% |
| Symbol | VanEck |
The market value of VanEck JP Morgan is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck JP's value that differs from its market value or its book value, called intrinsic value, which is VanEck JP'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 VanEck JP's market value can be influenced by many factors that don't directly affect VanEck JP'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 VanEck JP's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck JP is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck JP'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 JP '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 JP'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 JP.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in VanEck JP on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck JP Morgan or generate 0.0% return on investment in VanEck JP over 30 days. VanEck JP is related to or competes with Schwab Fundamental, Xtrackers International, Schwab Fundamental, Schwab Fundamental, and Xtrackers USD. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck JP 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 JP'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 JP Morgan upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 2.66 | |||
| Value At Risk | (0.80) | |||
| Potential Upside | 0.7585 |
VanEck JP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck JP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck JP's standard deviation. In reality, there are many statistical measures that can use VanEck JP historical prices to predict the future VanEck JP's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | 2.23 |
VanEck JP Morgan Backtested Returns
VanEck JP Morgan owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0692, which indicates the etf had a -0.0692% return per unit of risk over the last 3 months. VanEck JP Morgan exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck JP's Variance of 0.2366, risk adjusted performance of (0.09), and Coefficient Of Variation of (891.47) to confirm the risk estimate we provide. The entity has a beta of -0.0289, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VanEck JP are expected to decrease at a much lower rate. During the bear market, VanEck JP is likely to outperform the market.
Auto-correlation | -0.39 |
Poor reverse predictability
VanEck JP Morgan has poor reverse predictability. Overlapping area represents the amount of predictability between VanEck JP time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 VanEck JP Morgan price movement. The serial correlation of -0.39 indicates that just about 39.0% of current VanEck JP price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
VanEck JP Morgan lagged returns against current returns
Autocorrelation, which is VanEck JP 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 JP's etf expected returns. We can calculate the autocorrelation of VanEck JP returns to help us make a trade decision. For example, suppose you find that VanEck JP 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 JP 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 JP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck JP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck JP etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck JP Lagged Returns
When evaluating VanEck JP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck JP etf have on its future price. VanEck JP 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 JP autocorrelation shows the relationship between VanEck JP etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck JP Morgan.
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 VanEck JP Morgan offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck JP'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 Vaneck Jp Morgan Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Jp Morgan Etf:Check out VanEck JP Correlation, VanEck JP Volatility and VanEck JP Alpha and Beta module to complement your research on VanEck JP. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
VanEck JP 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.