Vaneck International High Etf Market Value
| IHY Etf | USD 21.04 0.02 0.1% |
| Symbol | VanEck |
The market value of VanEck International High 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 International's value that differs from its market value or its book value, called intrinsic value, which is VanEck International'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 International's market value can be influenced by many factors that don't directly affect VanEck International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck International'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 International '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 International'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 International.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in VanEck International on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck International High or generate 0.0% return on investment in VanEck International over 90 days. VanEck International is related to or competes with VanEck Emerging, IShares International, IShares Intl, IShares JP, and SPDR Bloomberg. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck International 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 International'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 International High upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4039 | |||
| Information Ratio | 0.3099 | |||
| Maximum Drawdown | 2.17 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.7659 |
VanEck International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck International's standard deviation. In reality, there are many statistical measures that can use VanEck International historical prices to predict the future VanEck International's volatility.| Risk Adjusted Performance | 0.0543 | |||
| Jensen Alpha | 0.0352 | |||
| Total Risk Alpha | 0.0742 | |||
| Sortino Ratio | 0.3231 | |||
| Treynor Ratio | 0.1701 |
VanEck International High Backtested Returns
At this stage we consider VanEck Etf to be very steady. VanEck International High owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.089, which indicates the etf had a 0.089 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck International High, which you can use to evaluate the volatility of the etf. Please validate VanEck International's Semi Deviation of 0.3091, coefficient of variation of 1339.5, and Risk Adjusted Performance of 0.0543 to confirm if the risk estimate we provide is consistent with the expected return of 0.0388%. The entity has a beta of 0.13, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck International's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck International is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
VanEck International High has modest predictability. Overlapping area represents the amount of predictability between VanEck International time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. 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 International High price movement. The serial correlation of 0.52 indicates that about 52.0% of current VanEck International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
VanEck International High lagged returns against current returns
Autocorrelation, which is VanEck International 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 International's etf expected returns. We can calculate the autocorrelation of VanEck International returns to help us make a trade decision. For example, suppose you find that VanEck International 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck International etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck International Lagged Returns
When evaluating VanEck International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck International etf have on its future price. VanEck International 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 International autocorrelation shows the relationship between VanEck International etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck International High.
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 International High offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck International'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 International High Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck International High Etf:Check out VanEck International Correlation, VanEck International Volatility and VanEck International Alpha and Beta module to complement your research on VanEck International. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
VanEck International 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.