Vanguard Precious Metals Fund Market Value
| VGPMX Fund | USD 12.64 0.02 0.16% |
| Symbol | Vanguard |
Vanguard Precious '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 Precious' mutual fund 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 Precious.
| 03/21/2024 |
| 04/20/2024 |
If you would invest 0.00 in Vanguard Precious on March 21, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Precious Metals or generate 0.0% return on investment in Vanguard Precious over 30 days. Vanguard Precious is related to or competes with Vanguard Energy, Vanguard Emerging, Vanguard Reit, Vanguard Pacific, and Vanguard Inflation. The fund invests in U.S. and foreign equity securities More
Vanguard Precious 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 Precious' mutual fund 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 Precious Metals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6865 | |||
| Information Ratio | 0.0711 | |||
| Maximum Drawdown | 3.09 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.2 |
Vanguard Precious Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Precious' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Precious' standard deviation. In reality, there are many statistical measures that can use Vanguard Precious historical prices to predict the future Vanguard Precious' volatility.| Risk Adjusted Performance | 0.1174 | |||
| Jensen Alpha | 0.0607 | |||
| Total Risk Alpha | 0.0378 | |||
| Sortino Ratio | 0.0747 | |||
| Treynor Ratio | 0.1447 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Precious' 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 Precious Metals Backtested Returns
We consider Vanguard Precious very steady. Vanguard Precious Metals owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.18, which indicates the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Vanguard Precious Metals, which you can use to evaluate the volatility of the fund. Please validate Vanguard Precious' Coefficient Of Variation of 527.97, risk adjusted performance of 0.1174, and Semi Deviation of 0.5194 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The entity has a beta of 0.88, which indicates possible diversification benefits within a given portfolio. Vanguard Precious returns are very sensitive to returns on the market. As the market goes up or down, Vanguard Precious is expected to follow.
Auto-correlation | -0.93 |
Near perfect reversele predictability
Vanguard Precious Metals has near perfect reversele predictability. Overlapping area represents the amount of predictability between Vanguard Precious time series from 21st of March 2024 to 5th of April 2024 and 5th of April 2024 to 20th of April 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 Precious Metals price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current Vanguard Precious price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Vanguard Precious Metals lagged returns against current returns
Autocorrelation, which is Vanguard Precious mutual fund'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 Precious' mutual fund expected returns. We can calculate the autocorrelation of Vanguard Precious returns to help us make a trade decision. For example, suppose you find that Vanguard Precious has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Precious 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 Precious mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Precious mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Precious mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Precious Lagged Returns
When evaluating Vanguard Precious' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Precious mutual fund have on its future price. Vanguard Precious 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 Precious autocorrelation shows the relationship between Vanguard Precious mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Precious Metals.
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.Check out Vanguard Precious Correlation, Vanguard Precious Volatility and Vanguard Precious Alpha and Beta module to complement your research on Vanguard Precious. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Vanguard Precious technical mutual fund 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, fund market cycles, or different charting patterns.