Vaneck Indonesia Index Etf Market Value
| IDX Etf | USD 16.50 0.38 2.25% |
| Symbol | VanEck |
The market value of VanEck Indonesia Index 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 Indonesia's value that differs from its market value or its book value, called intrinsic value, which is VanEck Indonesia'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 Indonesia's market value can be influenced by many factors that don't directly affect VanEck Indonesia'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 Indonesia's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Indonesia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Indonesia'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 Indonesia '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 Indonesia'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 Indonesia.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in VanEck Indonesia on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Indonesia Index or generate 0.0% return on investment in VanEck Indonesia over 30 days. VanEck Indonesia is related to or competes with IShares MSCI, IShares MSCI, and IShares MSCI. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Indonesia 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 Indonesia'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 Indonesia Index upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 6.03 | |||
| Value At Risk | (2.24) | |||
| Potential Upside | 1.64 |
VanEck Indonesia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Indonesia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Indonesia's standard deviation. In reality, there are many statistical measures that can use VanEck Indonesia historical prices to predict the future VanEck Indonesia's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Indonesia'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 Indonesia Index Backtested Returns
VanEck Indonesia Index 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. VanEck Indonesia Index exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Indonesia's Coefficient Of Variation of (1,216), risk adjusted performance of (0.06), and Variance of 1.5 to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Indonesia's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Indonesia is expected to be smaller as well.
Auto-correlation | -0.1 |
Very weak reverse predictability
VanEck Indonesia Index has very weak reverse predictability. Overlapping area represents the amount of predictability between VanEck Indonesia time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Indonesia Index price movement. The serial correlation of -0.1 indicates that less than 10.0% of current VanEck Indonesia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.1 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
VanEck Indonesia Index lagged returns against current returns
Autocorrelation, which is VanEck Indonesia 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 Indonesia's etf expected returns. We can calculate the autocorrelation of VanEck Indonesia returns to help us make a trade decision. For example, suppose you find that VanEck Indonesia 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 Indonesia 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 Indonesia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Indonesia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Indonesia etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Indonesia Lagged Returns
When evaluating VanEck Indonesia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Indonesia etf have on its future price. VanEck Indonesia 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 Indonesia autocorrelation shows the relationship between VanEck Indonesia etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Indonesia Index.
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 Indonesia Index offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Indonesia'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 Indonesia Index Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Indonesia Index Etf:Check out VanEck Indonesia Correlation, VanEck Indonesia Volatility and VanEck Indonesia Alpha and Beta module to complement your research on VanEck Indonesia. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
VanEck Indonesia 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.