Vaneck Robotics Etf Market Value
| IBOT Etf | 43.58 0.41 0.93% |
| Symbol | VanEck |
The market value of VanEck Robotics ETF 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 Robotics' value that differs from its market value or its book value, called intrinsic value, which is VanEck Robotics' 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 Robotics' market value can be influenced by many factors that don't directly affect VanEck Robotics' 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 Robotics' value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Robotics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Robotics' 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 Robotics '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 Robotics' 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 Robotics.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in VanEck Robotics on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Robotics ETF or generate 0.0% return on investment in VanEck Robotics over 30 days. VanEck Robotics is related to or competes with First Trust, Robo Global, WisdomTree Trust, and Tidal Trust. VanEck Robotics is entity of United States More
VanEck Robotics 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 Robotics' 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 Robotics ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 7.16 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.54 |
VanEck Robotics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Robotics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Robotics' standard deviation. In reality, there are many statistical measures that can use VanEck Robotics historical prices to predict the future VanEck Robotics' volatility.| Risk Adjusted Performance | 0.0328 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.041 |
VanEck Robotics ETF Backtested Returns
Currently, VanEck Robotics ETF is very steady. VanEck Robotics ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0296, which indicates the etf had a 0.0296% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Robotics ETF, which you can use to evaluate the volatility of the etf. Please validate VanEck Robotics' Risk Adjusted Performance of 0.0328, semi deviation of 1.13, and Coefficient Of Variation of 2485.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.0339%. The entity has a beta of 0.87, which indicates possible diversification benefits within a given portfolio. VanEck Robotics returns are very sensitive to returns on the market. As the market goes up or down, VanEck Robotics is expected to follow.
Auto-correlation | -0.51 |
Good reverse predictability
VanEck Robotics ETF has good reverse predictability. Overlapping area represents the amount of predictability between VanEck Robotics time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Robotics ETF price movement. The serial correlation of -0.51 indicates that about 51.0% of current VanEck Robotics price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
VanEck Robotics ETF lagged returns against current returns
Autocorrelation, which is VanEck Robotics 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 Robotics' etf expected returns. We can calculate the autocorrelation of VanEck Robotics returns to help us make a trade decision. For example, suppose you find that VanEck Robotics 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 Robotics 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 Robotics etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Robotics etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Robotics etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Robotics Lagged Returns
When evaluating VanEck Robotics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Robotics etf have on its future price. VanEck Robotics 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 Robotics autocorrelation shows the relationship between VanEck Robotics etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Robotics ETF.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out VanEck Robotics Correlation, VanEck Robotics Volatility and VanEck Robotics Alpha and Beta module to complement your research on VanEck Robotics. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
VanEck Robotics 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.