Vanguard Telecommunication Services Fund Market Value
| VTCAX Fund | USD 65.79 0.44 0.67% |
| Symbol | Vanguard |
Vanguard Telecommunicatio '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 Telecommunicatio's 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 Telecommunicatio.
| 05/24/2023 |
| 04/18/2024 |
If you would invest 0.00 in Vanguard Telecommunicatio on May 24, 2023 and sell it all today you would earn a total of 0.00 from holding Vanguard Telecommunication Services or generate 0.0% return on investment in Vanguard Telecommunicatio over 330 days. Vanguard Telecommunicatio is related to or competes with T Rowe, and Multimedia Portfolio. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Inde... More
Vanguard Telecommunicatio 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 Telecommunicatio's 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 Telecommunication Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9816 | |||
| Information Ratio | 0.0627 | |||
| Maximum Drawdown | 5.93 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.55 |
Vanguard Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Vanguard Telecommunicatio historical prices to predict the future Vanguard Telecommunicatio's volatility.| Risk Adjusted Performance | 0.0761 | |||
| Jensen Alpha | 0.0648 | |||
| Total Risk Alpha | 0.0353 | |||
| Sortino Ratio | 0.0689 | |||
| Treynor Ratio | 0.1064 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Telecommunicatio'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 Telecommunicatio Backtested Returns
We consider Vanguard Telecommunicatio very steady. Vanguard Telecommunicatio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vanguard Telecommunication Services, which you can use to evaluate the volatility of the fund. Please validate Vanguard Telecommunicatio's Risk Adjusted Performance of 0.0761, semi deviation of 0.8363, and Coefficient Of Variation of 875.9 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 1.06, which indicates a somewhat significant risk relative to the market. Vanguard Telecommunicatio returns are very sensitive to returns on the market. As the market goes up or down, Vanguard Telecommunicatio is expected to follow.
Auto-correlation | 0.32 |
Below average predictability
Vanguard Telecommunication Services has below average predictability. Overlapping area represents the amount of predictability between Vanguard Telecommunicatio time series from 24th of May 2023 to 5th of November 2023 and 5th of November 2023 to 18th 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 Telecommunicatio price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Vanguard Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 15.52 |
Vanguard Telecommunicatio lagged returns against current returns
Autocorrelation, which is Vanguard Telecommunicatio 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 Telecommunicatio's mutual fund expected returns. We can calculate the autocorrelation of Vanguard Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Vanguard Telecommunicatio 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 |
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Vanguard Telecommunicatio 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 Telecommunicatio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Telecommunicatio 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 Telecommunicatio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Telecommunicatio Lagged Returns
When evaluating Vanguard Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Telecommunicatio mutual fund have on its future price. Vanguard Telecommunicatio 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 Telecommunicatio autocorrelation shows the relationship between Vanguard Telecommunicatio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Telecommunication Services.
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 Vanguard Telecommunicatio 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, Vanguard Telecommunicatio's short interest history, or implied volatility extrapolated from Vanguard Telecommunicatio 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.Check out Vanguard Telecommunicatio Correlation, Vanguard Telecommunicatio Volatility and Vanguard Telecommunicatio Alpha and Beta module to complement your research on Vanguard Telecommunicatio. Note that the Vanguard Telecommunicatio information on this page should be used as a complementary analysis to other Vanguard Telecommunicatio's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Vanguard Telecommunicatio 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.