VanEck Polkadot's market value is the price at which a share of VanEck Polkadot trades on a public exchange. It measures the collective expectations of VanEck Polkadot ETN investors about its performance. VanEck Polkadot is selling for under 2.56 as of the 19th of December 2024; that is 11.42% down since the beginning of the trading day. The etf's lowest day price was 2.56. With this module, you can estimate the performance of a buy and hold strategy of VanEck Polkadot ETN and determine expected loss or profit from investing in VanEck Polkadot over a given investment horizon. Check out World Market Map 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 Polkadot '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 Polkadot'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 Polkadot.
0.00
11/19/2024
No Change 0.00
0.0
In 30 days
12/19/2024
0.00
If you would invest 0.00 in VanEck Polkadot on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Polkadot ETN or generate 0.0% return on investment in VanEck Polkadot over 30 days.
VanEck Polkadot 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 Polkadot'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 Polkadot ETN 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 Polkadot's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Polkadot's standard deviation. In reality, there are many statistical measures that can use VanEck Polkadot historical prices to predict the future VanEck Polkadot's volatility.
VanEck Polkadot is dangerous given 3 months investment horizon. VanEck Polkadot ETN owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the etf had a 0.15% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.41% are justified by taking the suggested risk. Use VanEck Polkadot ETN Semi Deviation of 4.07, risk adjusted performance of 0.1365, and Coefficient Of Variation of 624.02 to evaluate company specific risk that cannot be diversified away. The entity has a beta of 1.84, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, VanEck Polkadot will likely underperform.
Auto-correlation
-0.91
Near perfect reversele predictability
VanEck Polkadot ETN has near perfect reversele predictability. Overlapping area represents the amount of predictability between VanEck Polkadot time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Polkadot ETN price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current VanEck Polkadot price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.91
Spearman Rank Test
-0.4
Residual Average
0.0
Price Variance
0.14
VanEck Polkadot ETN lagged returns against current returns
Autocorrelation, which is VanEck Polkadot 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 Polkadot's etf expected returns. We can calculate the autocorrelation of VanEck Polkadot returns to help us make a trade decision. For example, suppose you find that VanEck Polkadot 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 Polkadot 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 Polkadot etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Polkadot etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Polkadot etf over time.
Current vs Lagged Prices
Timeline
VanEck Polkadot Lagged Returns
When evaluating VanEck Polkadot's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Polkadot etf have on its future price. VanEck Polkadot 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 Polkadot autocorrelation shows the relationship between VanEck Polkadot etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Polkadot ETN.
Regressed Prices
Timeline
Thematic Opportunities
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