Vaneck Environmental Services Etf Market Value
| EVX Etf | USD 184.51 0.42 0.23% |
| Symbol | VanEck |
The market value of VanEck Environmental 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 Environmental's value that differs from its market value or its book value, called intrinsic value, which is VanEck Environmental'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 Environmental's market value can be influenced by many factors that don't directly affect VanEck Environmental'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 Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Environmental'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 Environmental '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 Environmental'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 Environmental.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in VanEck Environmental on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Environmental Services or generate 0.0% return on investment in VanEck Environmental over 90 days. VanEck Environmental is related to or competes with VanEck UraniumNuclear, IShares Global, Invesco Global, Invesco DWA, and VanEck Gaming. The fund normally invests at least 80 percent of its total assets in common stocks and ADRs of companies involved in the... More
VanEck Environmental 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 Environmental'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 Environmental Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8559 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.85 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 1.58 |
VanEck Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Environmental's standard deviation. In reality, there are many statistical measures that can use VanEck Environmental historical prices to predict the future VanEck Environmental's volatility.| Risk Adjusted Performance | 0.0967 | |||
| Jensen Alpha | 0.0124 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1292 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Environmental's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
VanEck Environmental Backtested Returns
At this stage we consider VanEck Etf to be very steady. VanEck Environmental owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0873, which indicates the etf had a 0.0873% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for VanEck Environmental Services, which you can use to evaluate the volatility of the etf. Please validate VanEck Environmental's Coefficient Of Variation of 762.77, risk adjusted performance of 0.0967, and Semi Deviation of 0.7513 to confirm if the risk estimate we provide is consistent with the expected return of 0.0778%. The entity has a beta of 0.84, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Environmental's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Environmental is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
VanEck Environmental Services has average predictability. Overlapping area represents the amount of predictability between VanEck Environmental time series from 12th of September 2024 to 27th of October 2024 and 27th of October 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 Environmental price movement. The serial correlation of 0.47 indicates that about 47.0% of current VanEck Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 10.34 |
VanEck Environmental lagged returns against current returns
Autocorrelation, which is VanEck Environmental 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 Environmental's etf expected returns. We can calculate the autocorrelation of VanEck Environmental returns to help us make a trade decision. For example, suppose you find that VanEck Environmental 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 Environmental 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 Environmental etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Environmental etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Environmental etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Environmental Lagged Returns
When evaluating VanEck Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Environmental etf have on its future price. VanEck Environmental 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 Environmental autocorrelation shows the relationship between VanEck Environmental etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Environmental Services.
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 Environmental offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Environmental'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 Environmental Services Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Environmental Services Etf:Check out VanEck Environmental Correlation, VanEck Environmental Volatility and VanEck Environmental Alpha and Beta module to complement your research on VanEck Environmental. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
VanEck Environmental 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.