Vaneck Green Bond Etf Market Value
| GRNB Etf | USD 24.09 0.03 0.12% |
| Symbol | VanEck |
The market value of VanEck Green Bond 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 Green's value that differs from its market value or its book value, called intrinsic value, which is VanEck Green'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 Green's market value can be influenced by many factors that don't directly affect VanEck Green'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 Green's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Green is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Green'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 Green '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 Green'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 Green.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in VanEck Green on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Green Bond or generate 0.0% return on investment in VanEck Green over 30 days. VanEck Green is related to or competes with IShares USD, First Trust, Great Southern, VanEck China, and First Community. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Green 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 Green'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 Green Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.59) | |||
| Maximum Drawdown | 0.9227 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2939 |
VanEck Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Green's standard deviation. In reality, there are many statistical measures that can use VanEck Green historical prices to predict the future VanEck Green's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (2.62) |
VanEck Green Bond Backtested Returns
VanEck Green Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.03, which indicates the etf had a -0.03% return per unit of risk over the last 3 months. VanEck Green Bond exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Green's Variance of 0.0472, risk adjusted performance of (0.04), and Coefficient Of Variation of (5,227) to confirm the risk estimate we provide. The entity has a beta of 0.0054, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Green's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Green is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
VanEck Green Bond has poor reverse predictability. Overlapping area represents the amount of predictability between VanEck Green time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Green Bond price movement. The serial correlation of -0.37 indicates that just about 37.0% of current VanEck Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
VanEck Green Bond lagged returns against current returns
Autocorrelation, which is VanEck Green 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 Green's etf expected returns. We can calculate the autocorrelation of VanEck Green returns to help us make a trade decision. For example, suppose you find that VanEck Green 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 Green 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 Green etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Green etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Green etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Green Lagged Returns
When evaluating VanEck Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Green etf have on its future price. VanEck Green 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 Green autocorrelation shows the relationship between VanEck Green etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Green Bond.
Regressed Prices |
| Timeline |
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 Green Bond offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Green'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 Green Bond Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Green Bond Etf:Check out VanEck Green Correlation, VanEck Green Volatility and VanEck Green Alpha and Beta module to complement your research on VanEck Green. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
VanEck Green 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.