Vanguard High Dividend Etf Market Value
| VYM Etf | USD 131.87 1.18 0.90% |
| Symbol | Vanguard |
The market value of Vanguard High Dividend is measured differently than its book value, which is the value of Vanguard that is recorded on the company's balance sheet. Investors also form their own opinion of Vanguard High's value that differs from its market value or its book value, called intrinsic value, which is Vanguard High'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 Vanguard High's market value can be influenced by many factors that don't directly affect Vanguard High'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 Vanguard High's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard High'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.
Vanguard High '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 Vanguard High'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 Vanguard High.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Vanguard High on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard High Dividend or generate 0.0% return on investment in Vanguard High over 30 days. Vanguard High is related to or competes with Vanguard Dividend, Schwab Dividend, Vanguard Real, Vanguard Total, and Vanguard. The manager employs an indexing investment approach designed to track the performance of the index, which consists of co... More
Vanguard High 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 Vanguard High'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 Vanguard High Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4713 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 1.05 |
Vanguard High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard High's standard deviation. In reality, there are many statistical measures that can use Vanguard High historical prices to predict the future Vanguard High's volatility.| Risk Adjusted Performance | 0.105 | |||
| Jensen Alpha | 0.0136 | |||
| Total Risk Alpha | 0.0044 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.1072 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard High'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.
Vanguard High Dividend Backtested Returns
As of now, Vanguard Etf is very steady. Vanguard High Dividend owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vanguard High Dividend, which you can use to evaluate the volatility of the etf. Please validate Vanguard High's Semi Deviation of 0.2828, risk adjusted performance of 0.105, and Coefficient Of Variation of 682.5 to confirm if the risk estimate we provide is consistent with the expected return of 0.0718%. The entity has a beta of 0.79, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vanguard High's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard High is expected to be smaller as well.
Auto-correlation | -0.86 |
Excellent reverse predictability
Vanguard High Dividend has excellent reverse predictability. Overlapping area represents the amount of predictability between Vanguard High time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Vanguard High Dividend price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current Vanguard High price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 1.46 |
Vanguard High Dividend lagged returns against current returns
Autocorrelation, which is Vanguard High 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 Vanguard High's etf expected returns. We can calculate the autocorrelation of Vanguard High returns to help us make a trade decision. For example, suppose you find that Vanguard High 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 |
Vanguard High 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 Vanguard High etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard High etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard High etf over time.
Current vs Lagged Prices |
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Vanguard High Lagged Returns
When evaluating Vanguard High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard High etf have on its future price. Vanguard High 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, Vanguard High autocorrelation shows the relationship between Vanguard High etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard High Dividend.
Regressed Prices |
| Timeline |
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Vanguard High 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.