Vaneck Emerging Markets Etf Market Value
| HYEM Etf | USD 19.73 0.04 0.20% |
| Symbol | VanEck |
The market value of VanEck Emerging Markets 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 Emerging's value that differs from its market value or its book value, called intrinsic value, which is VanEck Emerging'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 Emerging's market value can be influenced by many factors that don't directly affect VanEck Emerging'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 Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Emerging'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 Emerging '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 Emerging'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 Emerging.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in VanEck Emerging on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding VanEck Emerging Markets or generate 0.0% return on investment in VanEck Emerging over 720 days. VanEck Emerging is related to or competes with BondBloxx ETF, Virtus ETF, Ocean Park, Virtus ETF, IShares JP, Columbia ETF, and Morgan Stanley. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3816 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.6179 |
VanEck Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Emerging's standard deviation. In reality, there are many statistical measures that can use VanEck Emerging historical prices to predict the future VanEck Emerging's volatility.| Risk Adjusted Performance | 0.0659 | |||
| Jensen Alpha | 0.0213 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.23) | |||
| Treynor Ratio | 0.5957 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Emerging'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 Emerging Markets Backtested Returns
As of now, VanEck Etf is very steady. VanEck Emerging Markets owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0944, which indicates the etf had a 0.0944% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Emerging Markets, which you can use to evaluate the volatility of the etf. Please validate VanEck Emerging's Risk Adjusted Performance of 0.0659, coefficient of variation of 991.25, and Semi Deviation of 0.2678 to confirm if the risk estimate we provide is consistent with the expected return of 0.0331%. The entity has a beta of 0.0443, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Emerging is expected to be smaller as well.
Auto-correlation | 0.24 |
Weak predictability
VanEck Emerging Markets has weak predictability. Overlapping area represents the amount of predictability between VanEck Emerging time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Emerging Markets price movement. The serial correlation of 0.24 indicates that over 24.0% of current VanEck Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.24 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
VanEck Emerging Markets lagged returns against current returns
Autocorrelation, which is VanEck Emerging 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 Emerging's etf expected returns. We can calculate the autocorrelation of VanEck Emerging returns to help us make a trade decision. For example, suppose you find that VanEck Emerging 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 Emerging 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 Emerging etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Emerging etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Emerging etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Emerging Lagged Returns
When evaluating VanEck Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Emerging etf have on its future price. VanEck Emerging 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 Emerging autocorrelation shows the relationship between VanEck Emerging etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Emerging Markets.
Regressed Prices |
| Timeline |
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VanEck Emerging 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.