Us Vegan Climate Etf Market Value
| VEGN Etf | USD 55.76 0.69 1.25% |
| Symbol | VEGN |
The market value of US Vegan Climate is measured differently than its book value, which is the value of VEGN that is recorded on the company's balance sheet. Investors also form their own opinion of US Vegan's value that differs from its market value or its book value, called intrinsic value, which is US Vegan'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 US Vegan's market value can be influenced by many factors that don't directly affect US Vegan'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 US Vegan's value and its price as these two are different measures arrived at by different means. Investors typically determine if US Vegan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Vegan'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.
US Vegan '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 US Vegan'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 US Vegan.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in US Vegan on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding US Vegan Climate or generate 0.0% return on investment in US Vegan over 720 days. US Vegan is related to or competes with Amplify ETF, Xtrackers MSCI, VegTech Plant, IShares ESG, and SPDR SSGA. The indexs construction begins with the constituents of the Solactive U.S More
US Vegan 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 US Vegan'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 US Vegan Climate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9857 | |||
| Information Ratio | 0.0405 | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 1.44 |
US Vegan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for US Vegan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as US Vegan's standard deviation. In reality, there are many statistical measures that can use US Vegan historical prices to predict the future US Vegan's volatility.| Risk Adjusted Performance | 0.1239 | |||
| Jensen Alpha | 0.0378 | |||
| Total Risk Alpha | 0.0132 | |||
| Sortino Ratio | 0.039 | |||
| Treynor Ratio | 0.1409 |
US Vegan Climate Backtested Returns
US Vegan appears to be very steady, given 3 months investment horizon. US Vegan Climate retains Efficiency (Sharpe Ratio) of 0.22, which indicates the etf had a 0.22% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for US Vegan, which you can use to evaluate the volatility of the etf. Please review US Vegan's Downside Deviation of 0.9857, mean deviation of 0.6854, and Risk Adjusted Performance of 0.1239 to confirm if our risk estimates are consistent with your expectations. The entity owns a Beta (Systematic Risk) of 1.01, which indicates a somewhat significant risk relative to the market. US Vegan returns are very sensitive to returns on the market. As the market goes up or down, US Vegan is expected to follow.
Auto-correlation | 0.83 |
Very good predictability
US Vegan Climate has very good predictability. Overlapping area represents the amount of predictability between US Vegan time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 US Vegan Climate price movement. The serial correlation of 0.83 indicates that around 83.0% of current US Vegan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 12.03 |
US Vegan Climate lagged returns against current returns
Autocorrelation, which is US Vegan 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 US Vegan's etf expected returns. We can calculate the autocorrelation of US Vegan returns to help us make a trade decision. For example, suppose you find that US Vegan 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 |
US Vegan 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 US Vegan etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if US Vegan etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in US Vegan etf over time.
Current vs Lagged Prices |
| Timeline |
US Vegan Lagged Returns
When evaluating US Vegan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of US Vegan etf have on its future price. US Vegan 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, US Vegan autocorrelation shows the relationship between US Vegan etf current value and its past values and can show if there is a momentum factor associated with investing in US Vegan Climate.
Regressed Prices |
| Timeline |
Pair Trading with US Vegan
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 US Vegan 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 US Vegan will appreciate offsetting losses from the drop in the long position's value.Moving together with VEGN Etf
| 0.99 | VUG | Vanguard Growth Index | PairCorr |
| 0.99 | IWF | iShares Russell 1000 | PairCorr |
| 0.98 | IVW | iShares SP 500 | PairCorr |
| 0.98 | SPYG | SPDR Portfolio SP | PairCorr |
| 0.98 | IUSG | iShares Core SP | PairCorr |
Moving against VEGN Etf
The ability to find closely correlated positions to US Vegan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace US Vegan 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 US Vegan - 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 US Vegan Climate to buy it.
The correlation of US Vegan 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 US Vegan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if US Vegan Climate 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 US Vegan 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 US Vegan Correlation, US Vegan Volatility and US Vegan Alpha and Beta module to complement your research on US Vegan. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
US Vegan 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.