VanEck Sustainable's market value is the price at which a share of VanEck Sustainable trades on a public exchange. It measures the collective expectations of VanEck Sustainable European investors about its performance. VanEck Sustainable is trading at 74.77 as of the 26th of December 2024, a 0.08 percent decrease since the beginning of the trading day. The etf's lowest day price was 74.77. With this module, you can estimate the performance of a buy and hold strategy of VanEck Sustainable European and determine expected loss or profit from investing in VanEck Sustainable over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
VanEck
VanEck Sustainable '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 Sustainable'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 Sustainable.
0.00
02/05/2023
No Change 0.00
0.0
In 1 year 10 months and 22 days
12/26/2024
0.00
If you would invest 0.00 in VanEck Sustainable on February 5, 2023 and sell it all today you would earn a total of 0.00 from holding VanEck Sustainable European or generate 0.0% return on investment in VanEck Sustainable over 690 days.
VanEck Sustainable 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 Sustainable'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 Sustainable European upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Sustainable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Sustainable's standard deviation. In reality, there are many statistical measures that can use VanEck Sustainable historical prices to predict the future VanEck Sustainable's volatility.
VanEck Sustainable owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.11, which indicates the etf had a -0.11% return per unit of risk over the last 3 months. VanEck Sustainable European exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Sustainable's Variance of 0.3835, coefficient of variation of (2,399), and Risk Adjusted Performance of (0.04) to confirm the risk estimate we provide. The entity has a beta of 0.2, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Sustainable's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Sustainable is expected to be smaller as well.
Auto-correlation
0.43
Average predictability
VanEck Sustainable European has average predictability. Overlapping area represents the amount of predictability between VanEck Sustainable time series from 5th of February 2023 to 16th of January 2024 and 16th of January 2024 to 26th 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 Sustainable price movement. The serial correlation of 0.43 indicates that just about 43.0% of current VanEck Sustainable price fluctuation can be explain by its past prices.
Correlation Coefficient
0.43
Spearman Rank Test
0.42
Residual Average
0.0
Price Variance
8.67
VanEck Sustainable lagged returns against current returns
Autocorrelation, which is VanEck Sustainable 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 Sustainable's etf expected returns. We can calculate the autocorrelation of VanEck Sustainable returns to help us make a trade decision. For example, suppose you find that VanEck Sustainable 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 Sustainable 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 Sustainable etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Sustainable etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Sustainable etf over time.
Current vs Lagged Prices
Timeline
VanEck Sustainable Lagged Returns
When evaluating VanEck Sustainable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Sustainable etf have on its future price. VanEck Sustainable 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 Sustainable autocorrelation shows the relationship between VanEck Sustainable etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Sustainable European.
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.