Valtech Se Etf Market Value
| VTEC Etf | 101.27 0.07 0.07% |
| Symbol | VALTECH |
The market value of VALTECH SE is measured differently than its book value, which is the value of VALTECH that is recorded on the company's balance sheet. Investors also form their own opinion of VALTECH SE's value that differs from its market value or its book value, called intrinsic value, which is VALTECH SE'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 VALTECH SE's market value can be influenced by many factors that don't directly affect VALTECH SE'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 VALTECH SE's value and its price as these two are different measures arrived at by different means. Investors typically determine if VALTECH SE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VALTECH SE'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.
VALTECH SE '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 VALTECH SE'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 VALTECH SE.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in VALTECH SE on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding VALTECH SE or generate 0.0% return on investment in VALTECH SE over 180 days. VALTECH SE is related to or competes with VanEck Vectors, Xtrackers California, Vanguard ESG, Vanguard Intermediate, Vanguard Long, Vanguard Short, and IQ MacKay. VALTECH SE is entity of United States. It is traded as Etf on BATS exchange. More
VALTECH SE 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 VALTECH SE'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 VALTECH SE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.288 | |||
| Information Ratio | (0.45) | |||
| Maximum Drawdown | 1.71 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.3784 |
VALTECH SE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VALTECH SE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VALTECH SE's standard deviation. In reality, there are many statistical measures that can use VALTECH SE historical prices to predict the future VALTECH SE's volatility.| Risk Adjusted Performance | 0.0331 | |||
| Jensen Alpha | 0.0243 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VALTECH SE'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.
VALTECH SE Backtested Returns
At this point, VALTECH SE is very steady. VALTECH SE owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0566, which indicates the etf had a 0.0566% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for VALTECH SE, which you can use to evaluate the volatility of the entity. Please validate VALTECH SE's Downside Deviation of 0.288, market risk adjusted performance of (0.05), and Risk Adjusted Performance of 0.0331 to confirm if the risk estimate we provide is consistent with the expected return of 0.0153%. The entity has a beta of -0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VALTECH SE are expected to decrease at a much lower rate. During the bear market, VALTECH SE is likely to outperform the market.
Auto-correlation | -0.52 |
Good reverse predictability
VALTECH SE has good reverse predictability. Overlapping area represents the amount of predictability between VALTECH SE time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 VALTECH SE price movement. The serial correlation of -0.52 indicates that about 52.0% of current VALTECH SE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
VALTECH SE lagged returns against current returns
Autocorrelation, which is VALTECH SE 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 VALTECH SE's etf expected returns. We can calculate the autocorrelation of VALTECH SE returns to help us make a trade decision. For example, suppose you find that VALTECH SE 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 |
VALTECH SE 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 VALTECH SE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VALTECH SE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VALTECH SE etf over time.
Current vs Lagged Prices |
| Timeline |
VALTECH SE Lagged Returns
When evaluating VALTECH SE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VALTECH SE etf have on its future price. VALTECH SE 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, VALTECH SE autocorrelation shows the relationship between VALTECH SE etf current value and its past values and can show if there is a momentum factor associated with investing in VALTECH SE.
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.Other Information on Investing in VALTECH Etf
VALTECH SE financial ratios help investors to determine whether VALTECH Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in VALTECH with respect to the benefits of owning VALTECH SE security.