Investo Vaneck's market value is the price at which a share of Investo Vaneck trades on a public exchange. It measures the collective expectations of Investo Vaneck Etf investors about its performance. Investo Vaneck is trading at 11.76 as of the 3rd of December 2024, a 9.89 percent down since the beginning of the trading day. The etf's open price was 13.05. With this module, you can estimate the performance of a buy and hold strategy of Investo Vaneck Etf and determine expected loss or profit from investing in Investo Vaneck over a given investment horizon. Check out Correlation Analysis 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
Investo
Investo Vaneck '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 Investo Vaneck'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 Investo Vaneck.
0.00
06/06/2024
No Change 0.00
0.0
In 5 months and 30 days
12/03/2024
0.00
If you would invest 0.00 in Investo Vaneck on June 6, 2024 and sell it all today you would earn a total of 0.00 from holding Investo Vaneck Etf or generate 0.0% return on investment in Investo Vaneck over 180 days.
Investo Vaneck 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 Investo Vaneck'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 Investo Vaneck 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 Investo Vaneck's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Investo Vaneck's standard deviation. In reality, there are many statistical measures that can use Investo Vaneck historical prices to predict the future Investo Vaneck's volatility.
Investo Vaneck is moderately volatile given 3 months investment horizon. Investo Vaneck Etf holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for thirty different technical indicators, which can help you to evaluate if expected returns of 1.54% are justified by taking the suggested risk. Use Investo Vaneck Etf Downside Deviation of 4.4, risk adjusted performance of 0.1388, and Market Risk Adjusted Performance of (4.48) to evaluate company specific risk that cannot be diversified away. The etf retains a Market Volatility (i.e., Beta) of -0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Investo Vaneck are expected to decrease at a much lower rate. During the bear market, Investo Vaneck is likely to outperform the market.
Auto-correlation
-0.58
Good reverse predictability
Investo Vaneck Etf has good reverse predictability. Overlapping area represents the amount of predictability between Investo Vaneck time series from 6th of June 2024 to 4th of September 2024 and 4th of September 2024 to 3rd 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 Investo Vaneck Etf price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Investo Vaneck price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.58
Spearman Rank Test
-0.79
Residual Average
0.0
Price Variance
3.24
Investo Vaneck Etf lagged returns against current returns
Autocorrelation, which is Investo Vaneck 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 Investo Vaneck's etf expected returns. We can calculate the autocorrelation of Investo Vaneck returns to help us make a trade decision. For example, suppose you find that Investo Vaneck 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
Investo Vaneck 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 Investo Vaneck etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Investo Vaneck etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Investo Vaneck etf over time.
Current vs Lagged Prices
Timeline
Investo Vaneck Lagged Returns
When evaluating Investo Vaneck's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Investo Vaneck etf have on its future price. Investo Vaneck 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, Investo Vaneck autocorrelation shows the relationship between Investo Vaneck etf current value and its past values and can show if there is a momentum factor associated with investing in Investo Vaneck Etf.
Regressed Prices
Timeline
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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.