Vaneck Cmci Commodity Etf Market Value
| CMCI Etf | USD 25.02 0.05 0.20% |
| Symbol | VanEck |
The market value of VanEck CMCI Commodity 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 CMCI's value that differs from its market value or its book value, called intrinsic value, which is VanEck CMCI'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 CMCI's market value can be influenced by many factors that don't directly affect VanEck CMCI'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 CMCI's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck CMCI is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck CMCI'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 CMCI '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 CMCI'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 CMCI.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in VanEck CMCI on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck CMCI Commodity or generate 0.0% return on investment in VanEck CMCI over 30 days. VanEck CMCI is related to or competes with ETRACS Bloomberg, Neuberger Berman, Abrdn Bloomberg, Abrdn Bloomberg, Direxion Auspice, Invesco DB, and IPath Bloomberg. China Modern Agricultural Information, Inc More
VanEck CMCI 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 CMCI'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 CMCI Commodity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8654 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.4 |
VanEck CMCI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck CMCI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck CMCI's standard deviation. In reality, there are many statistical measures that can use VanEck CMCI historical prices to predict the future VanEck CMCI's volatility.| Risk Adjusted Performance | 0.0323 | |||
| Jensen Alpha | 0.0352 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck CMCI'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 CMCI Commodity Backtested Returns
VanEck CMCI is very steady at the moment. VanEck CMCI Commodity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0677, which indicates the etf had a 0.0677% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for VanEck CMCI Commodity, which you can use to evaluate the volatility of the etf. Please validate VanEck CMCI's Semi Deviation of 0.7771, risk adjusted performance of 0.0323, and Coefficient Of Variation of 2417.44 to confirm if the risk estimate we provide is consistent with the expected return of 0.0546%. The entity has a beta of -0.0888, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VanEck CMCI are expected to decrease at a much lower rate. During the bear market, VanEck CMCI is likely to outperform the market.
Auto-correlation | 0.34 |
Below average predictability
VanEck CMCI Commodity has below average predictability. Overlapping area represents the amount of predictability between VanEck CMCI time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 CMCI Commodity price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current VanEck CMCI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
VanEck CMCI Commodity lagged returns against current returns
Autocorrelation, which is VanEck CMCI 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 CMCI's etf expected returns. We can calculate the autocorrelation of VanEck CMCI returns to help us make a trade decision. For example, suppose you find that VanEck CMCI 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 |
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VanEck CMCI 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 CMCI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck CMCI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck CMCI etf over time.
Current vs Lagged Prices |
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VanEck CMCI Lagged Returns
When evaluating VanEck CMCI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck CMCI etf have on its future price. VanEck CMCI 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 CMCI autocorrelation shows the relationship between VanEck CMCI etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck CMCI Commodity.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether VanEck CMCI Commodity offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck CMCI's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Cmci Commodity Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Cmci Commodity Etf:Check out VanEck CMCI Correlation, VanEck CMCI Volatility and VanEck CMCI Alpha and Beta module to complement your research on VanEck CMCI. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
VanEck CMCI 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.