Vaneck Vietnam Etf Market Value
| VNM Etf | USD 12.21 0.20 1.67% |
| Symbol | VanEck |
The market value of VanEck Vietnam ETF is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck Vietnam's value that differs from its market value or its book value, called intrinsic value, which is VanEck Vietnam'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 VanEck Vietnam's market value can be influenced by many factors that don't directly affect VanEck Vietnam'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 VanEck Vietnam's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Vietnam is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Vietnam'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.
VanEck Vietnam '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 Vietnam'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 Vietnam.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in VanEck Vietnam on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Vietnam ETF or generate 0.0% return on investment in VanEck Vietnam over 30 days. VanEck Vietnam is related to or competes with IShares MSCI, IShares MSCI, IShares MSCI, IShares MSCI, and VanEck Indonesia. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Vietnam 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 Vietnam'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 Vietnam ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 8.16 | |||
| Value At Risk | (2.32) | |||
| Potential Upside | 1.92 |
VanEck Vietnam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Vietnam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Vietnam's standard deviation. In reality, there are many statistical measures that can use VanEck Vietnam historical prices to predict the future VanEck Vietnam's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.29) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Vietnam'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.
VanEck Vietnam ETF Backtested Returns
VanEck Vietnam ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0556, which indicates the etf had a -0.0556% return per unit of risk over the last 3 months. VanEck Vietnam ETF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Vietnam's Variance of 1.7, risk adjusted performance of (0.04), and Coefficient Of Variation of (1,263) to confirm the risk estimate we provide. The entity has a beta of 0.73, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Vietnam's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Vietnam is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
VanEck Vietnam ETF has very good predictability. Overlapping area represents the amount of predictability between VanEck Vietnam time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 VanEck Vietnam ETF price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current VanEck Vietnam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.29 |
VanEck Vietnam ETF lagged returns against current returns
Autocorrelation, which is VanEck Vietnam 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 Vietnam's etf expected returns. We can calculate the autocorrelation of VanEck Vietnam returns to help us make a trade decision. For example, suppose you find that VanEck Vietnam 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 Vietnam 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 Vietnam etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Vietnam etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Vietnam etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Vietnam Lagged Returns
When evaluating VanEck Vietnam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Vietnam etf have on its future price. VanEck Vietnam 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 Vietnam autocorrelation shows the relationship between VanEck Vietnam etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Vietnam ETF.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards VanEck Vietnam in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, VanEck Vietnam's short interest history, or implied volatility extrapolated from VanEck Vietnam options trading.
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.When determining whether VanEck Vietnam ETF is a strong investment it is important to analyze VanEck Vietnam's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact VanEck Vietnam's future performance. For an informed investment choice regarding VanEck Etf, refer to the following important reports:Check out VanEck Vietnam Correlation, VanEck Vietnam Volatility and VanEck Vietnam Alpha and Beta module to complement your research on VanEck Vietnam. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
VanEck Vietnam 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.