VanEck Crypto (Germany) Market Value
| DAVV Etf | EUR 12.01 0.31 2.52% |
| Symbol | VanEck |
VanEck Crypto '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 Crypto'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 Crypto.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in VanEck Crypto on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Crypto and or generate 0.0% return on investment in VanEck Crypto over 30 days. VanEck Crypto is related to or competes with UBS Fund, Xtrackers, Xtrackers Nikkei, IShares VII, SPDR Gold, Vanguard Funds, and IShares Nikkei. VNEV DIG is traded on Frankfurt Stock Exchange in Germany. More
VanEck Crypto 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 Crypto'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 Crypto and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.59 | |||
| Information Ratio | 0.1891 | |||
| Maximum Drawdown | 28.42 | |||
| Value At Risk | (4.97) | |||
| Potential Upside | 7.85 |
VanEck Crypto Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Crypto's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Crypto's standard deviation. In reality, there are many statistical measures that can use VanEck Crypto historical prices to predict the future VanEck Crypto's volatility.| Risk Adjusted Performance | 0.1603 | |||
| Jensen Alpha | 0.8582 | |||
| Total Risk Alpha | 0.4117 | |||
| Sortino Ratio | 0.2612 | |||
| Treynor Ratio | 0.5442 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Crypto'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 Crypto Backtested Returns
VanEck Crypto is somewhat reliable given 3 months investment horizon. VanEck Crypto owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.21, which indicates the etf had a 0.21% return per unit of risk over the last 3 months. We were able to interpolate and analyze data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.02% are justified by taking the suggested risk. Use VanEck Crypto Coefficient Of Variation of 477.92, semi deviation of 2.86, and Risk Adjusted Performance of 0.1603 to evaluate company specific risk that cannot be diversified away. The entity has a beta of 1.89, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, VanEck Crypto will likely underperform.
Auto-correlation | 0.01 |
Virtually no predictability
VanEck Crypto and has virtually no predictability. Overlapping area represents the amount of predictability between VanEck Crypto time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Crypto price movement. The serial correlation of 0.01 indicates that just 1.0% of current VanEck Crypto price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
VanEck Crypto lagged returns against current returns
Autocorrelation, which is VanEck Crypto 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 Crypto's etf expected returns. We can calculate the autocorrelation of VanEck Crypto returns to help us make a trade decision. For example, suppose you find that VanEck Crypto 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 Crypto 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 Crypto etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Crypto etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Crypto etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Crypto Lagged Returns
When evaluating VanEck Crypto's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Crypto etf have on its future price. VanEck Crypto 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 Crypto autocorrelation shows the relationship between VanEck Crypto etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Crypto and.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in VanEck Etf
VanEck Crypto financial ratios help investors to determine whether VanEck Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in VanEck with respect to the benefits of owning VanEck Crypto security.