Vaneck Uraniumnuclear Energy Etf Market Value
| NLR Etf | USD 89.14 0.96 1.09% |
| Symbol | VanEck |
The market value of VanEck UraniumNuclear 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 UraniumNuclear's value that differs from its market value or its book value, called intrinsic value, which is VanEck UraniumNuclear'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 UraniumNuclear's market value can be influenced by many factors that don't directly affect VanEck UraniumNuclear'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 UraniumNuclear's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck UraniumNuclear is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck UraniumNuclear'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 UraniumNuclear '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 UraniumNuclear'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 UraniumNuclear.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in VanEck UraniumNuclear on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck UraniumNuclear Energy or generate 0.0% return on investment in VanEck UraniumNuclear over 30 days. VanEck UraniumNuclear is related to or competes with Global X, VanEck Steel, IShares MSCI, Invesco Global, and VanEck Agribusiness. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck UraniumNuclear 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 UraniumNuclear'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 UraniumNuclear Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.59 | |||
| Information Ratio | 0.1169 | |||
| Maximum Drawdown | 10.97 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 3.9 |
VanEck UraniumNuclear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck UraniumNuclear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck UraniumNuclear's standard deviation. In reality, there are many statistical measures that can use VanEck UraniumNuclear historical prices to predict the future VanEck UraniumNuclear's volatility.| Risk Adjusted Performance | 0.1357 | |||
| Jensen Alpha | 0.255 | |||
| Total Risk Alpha | 0.0312 | |||
| Sortino Ratio | 0.1474 | |||
| Treynor Ratio | 0.424 |
VanEck UraniumNuclear Backtested Returns
VanEck UraniumNuclear appears to be very steady, given 3 months investment horizon. VanEck UraniumNuclear 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. We have found thirty technical indicators for VanEck UraniumNuclear Energy, which you can use to evaluate the volatility of the etf. Please review VanEck UraniumNuclear's Semi Deviation of 1.23, coefficient of variation of 558.87, and Risk Adjusted Performance of 0.1357 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.82, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck UraniumNuclear's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck UraniumNuclear is expected to be smaller as well.
Auto-correlation | -0.86 |
Excellent reverse predictability
VanEck UraniumNuclear Energy has excellent reverse predictability. Overlapping area represents the amount of predictability between VanEck UraniumNuclear 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 UraniumNuclear price movement. The serial correlation of -0.86 indicates that approximately 86.0% of current VanEck UraniumNuclear price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.86 | |
| Spearman Rank Test | -0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 4.93 |
VanEck UraniumNuclear lagged returns against current returns
Autocorrelation, which is VanEck UraniumNuclear 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 UraniumNuclear's etf expected returns. We can calculate the autocorrelation of VanEck UraniumNuclear returns to help us make a trade decision. For example, suppose you find that VanEck UraniumNuclear 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 UraniumNuclear 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 UraniumNuclear etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck UraniumNuclear etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck UraniumNuclear etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck UraniumNuclear Lagged Returns
When evaluating VanEck UraniumNuclear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck UraniumNuclear etf have on its future price. VanEck UraniumNuclear 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 UraniumNuclear autocorrelation shows the relationship between VanEck UraniumNuclear etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck UraniumNuclear Energy.
Regressed Prices |
| Timeline |
Pair Trading with VanEck UraniumNuclear
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if VanEck UraniumNuclear position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VanEck UraniumNuclear will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
Moving against VanEck Etf
| 0.68 | ICLN | iShares Global Clean | PairCorr |
| 0.66 | BITI | ProShares Trust Downward Rally | PairCorr |
| 0.6 | HART | IQ Healthy Hearts | PairCorr |
| 0.59 | GREI | Goldman Sachs Future | PairCorr |
| 0.55 | TAN | Invesco Solar ETF | PairCorr |
The ability to find closely correlated positions to VanEck UraniumNuclear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck UraniumNuclear when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VanEck UraniumNuclear - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VanEck UraniumNuclear Energy to buy it.
The correlation of VanEck UraniumNuclear is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck UraniumNuclear moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck UraniumNuclear moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for VanEck UraniumNuclear can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out VanEck UraniumNuclear Correlation, VanEck UraniumNuclear Volatility and VanEck UraniumNuclear Alpha and Beta module to complement your research on VanEck UraniumNuclear. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
VanEck UraniumNuclear 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.