Vaneck Low Carbon Etf Market Value
| SMOG Etf | USD 102.87 1.06 1.04% |
| Symbol | VanEck |
The market value of VanEck Low Carbon 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 Low's value that differs from its market value or its book value, called intrinsic value, which is VanEck Low'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 Low's market value can be influenced by many factors that don't directly affect VanEck Low'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 Low's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Low is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Low'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 Low '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 Low'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 Low.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in VanEck Low on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Low Carbon or generate 0.0% return on investment in VanEck Low over 90 days. VanEck Low is related to or competes with ALPS Clean, SPDR Kensho, Invesco Global, First Trust, and First Trust. The fund normally invests at least 80 percent of its total assets in stocks of low carbon energy companies More
VanEck Low 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 Low'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 Low Carbon upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.1063 | |||
| Maximum Drawdown | 5.8 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 2.25 |
VanEck Low Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Low's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Low's standard deviation. In reality, there are many statistical measures that can use VanEck Low historical prices to predict the future VanEck Low's volatility.| Risk Adjusted Performance | 0.0288 | |||
| Jensen Alpha | 0.0775 | |||
| Total Risk Alpha | 0.1889 | |||
| Sortino Ratio | 0.1044 | |||
| Treynor Ratio | 0.0608 |
VanEck Low Carbon Backtested Returns
At this point, VanEck Low is very steady. VanEck Low Carbon owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0106, which indicates the etf had a 0.0106 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Low Carbon, which you can use to evaluate the volatility of the etf. Please validate VanEck Low's Coefficient Of Variation of 3407.91, risk adjusted performance of 0.0288, and Semi Deviation of 1.27 to confirm if the risk estimate we provide is consistent with the expected return of 0.0137%. The entity has a beta of 0.46, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Low's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Low is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
VanEck Low Carbon has modest reverse predictability. Overlapping area represents the amount of predictability between VanEck Low 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 Low Carbon price movement. The serial correlation of -0.43 indicates that just about 43.0% of current VanEck Low price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 2.05 |
VanEck Low Carbon lagged returns against current returns
Autocorrelation, which is VanEck Low 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 Low's etf expected returns. We can calculate the autocorrelation of VanEck Low returns to help us make a trade decision. For example, suppose you find that VanEck Low 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 Low 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 Low etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Low etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Low etf over time.
Current vs Lagged Prices |
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VanEck Low Lagged Returns
When evaluating VanEck Low's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Low etf have on its future price. VanEck Low 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 Low autocorrelation shows the relationship between VanEck Low etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Low Carbon.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether VanEck Low Carbon is a strong investment it is important to analyze VanEck Low's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact VanEck Low's future performance. For an informed investment choice regarding VanEck Etf, refer to the following important reports:Check out VanEck Low Correlation, VanEck Low Volatility and VanEck Low Alpha and Beta module to complement your research on VanEck Low. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
VanEck Low 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.