VanEck Semiconductor (Switzerland) Market Value
| SMHV Etf | CHF 36.28 0.48 1.34% |
| Symbol | VanEck |
Please note, there is a significant difference between VanEck Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Semiconductor'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 Semiconductor '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 Semiconductor'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 Semiconductor.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in VanEck Semiconductor on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Semiconductor UCITS or generate 0.0% return on investment in VanEck Semiconductor over 30 days. VanEck Semiconductor is related to or competes with Baloise Holding, UBS ETF, BB Biotech, Amundi Index, MULTI UNITS, Jungfraubahn Holding, and Hubersuhner. More
VanEck Semiconductor 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 Semiconductor'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 Semiconductor UCITS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.0343 | |||
| Maximum Drawdown | 11.22 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 2.7 |
VanEck Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Semiconductor's standard deviation. In reality, there are many statistical measures that can use VanEck Semiconductor historical prices to predict the future VanEck Semiconductor's volatility.| Risk Adjusted Performance | 0.0763 | |||
| Jensen Alpha | 0.1492 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0355 | |||
| Treynor Ratio | 0.6217 |
VanEck Semiconductor Backtested Returns
At this stage we consider VanEck Etf to be very steady. VanEck Semiconductor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0471, which indicates the etf had a 0.0471% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Semiconductor UCITS, which you can use to evaluate the volatility of the etf. Please validate VanEck Semiconductor's Semi Deviation of 1.69, coefficient of variation of 1033.09, and Risk Adjusted Performance of 0.0763 to confirm if the risk estimate we provide is consistent with the expected return of 0.0861%. The entity has a beta of 0.29, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Semiconductor's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Semiconductor is expected to be smaller as well.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
VanEck Semiconductor UCITS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between VanEck Semiconductor 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 Semiconductor price movement. The serial correlation of -0.8 indicates that around 80.0% of current VanEck Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.43 |
VanEck Semiconductor lagged returns against current returns
Autocorrelation, which is VanEck Semiconductor 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 Semiconductor's etf expected returns. We can calculate the autocorrelation of VanEck Semiconductor returns to help us make a trade decision. For example, suppose you find that VanEck Semiconductor 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 Semiconductor 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 Semiconductor etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Semiconductor etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Semiconductor etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Semiconductor Lagged Returns
When evaluating VanEck Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Semiconductor etf have on its future price. VanEck Semiconductor 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 Semiconductor autocorrelation shows the relationship between VanEck Semiconductor etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Semiconductor UCITS.
Regressed Prices |
| Timeline |
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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.Other Information on Investing in VanEck Etf
VanEck Semiconductor financial ratios help investors to determine whether VanEck Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in VanEck with respect to the benefits of owning VanEck Semiconductor security.