Vaneck Fallen Angel Etf Market Value
| ANGL Etf | USD 29.26 0.08 0.27% |
| Symbol | VanEck |
The market value of VanEck Fallen Angel 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 Fallen's value that differs from its market value or its book value, called intrinsic value, which is VanEck Fallen'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 Fallen's market value can be influenced by many factors that don't directly affect VanEck Fallen'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 Fallen's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Fallen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Fallen'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 Fallen '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 Fallen'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 Fallen.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in VanEck Fallen on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Fallen Angel or generate 0.0% return on investment in VanEck Fallen over 30 days. VanEck Fallen is related to or competes with IShares IBoxx, SPDR Bloomberg, IShares TIPS, IShares 20, and IShares JP. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Fallen 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 Fallen'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 Fallen Angel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.232 | |||
| Information Ratio | (0.46) | |||
| Maximum Drawdown | 1.07 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.3493 |
VanEck Fallen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Fallen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Fallen's standard deviation. In reality, there are many statistical measures that can use VanEck Fallen historical prices to predict the future VanEck Fallen's volatility.| Risk Adjusted Performance | 0.0695 | |||
| Jensen Alpha | 0.0015 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.47) | |||
| Treynor Ratio | 0.1389 |
VanEck Fallen Angel Backtested Returns
As of now, VanEck Etf is very steady. VanEck Fallen Angel owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Fallen Angel, which you can use to evaluate the volatility of the etf. Please validate VanEck Fallen's Coefficient Of Variation of 834.55, semi deviation of 0.1276, and Risk Adjusted Performance of 0.0695 to confirm if the risk estimate we provide is consistent with the expected return of 0.0343%. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Fallen's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Fallen is expected to be smaller as well.
Auto-correlation | 0.04 |
Virtually no predictability
VanEck Fallen Angel has virtually no predictability. Overlapping area represents the amount of predictability between VanEck Fallen time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 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 VanEck Fallen Angel price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current VanEck Fallen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
VanEck Fallen Angel lagged returns against current returns
Autocorrelation, which is VanEck Fallen 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 Fallen's etf expected returns. We can calculate the autocorrelation of VanEck Fallen returns to help us make a trade decision. For example, suppose you find that VanEck Fallen 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 Fallen 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 Fallen etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Fallen etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Fallen etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Fallen Lagged Returns
When evaluating VanEck Fallen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Fallen etf have on its future price. VanEck Fallen 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 Fallen autocorrelation shows the relationship between VanEck Fallen etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Fallen Angel.
Regressed Prices |
| Timeline |
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VanEck Fallen 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.