VETIVA INDUSTRIAL's market value is the price at which a share of VETIVA INDUSTRIAL trades on a public exchange. It measures the collective expectations of VETIVA INDUSTRIAL ETF investors about its performance. VETIVA INDUSTRIAL is trading at 41.08 as of the 27th of February 2025, a 9.99 percent increase since the beginning of the trading day. The etf's lowest day price was 37.35. With this module, you can estimate the performance of a buy and hold strategy of VETIVA INDUSTRIAL ETF and determine expected loss or profit from investing in VETIVA INDUSTRIAL 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
VETIVA
VETIVA INDUSTRIAL '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 VETIVA INDUSTRIAL'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 VETIVA INDUSTRIAL.
0.00
01/28/2025
No Change 0.00
0.0
In 30 days
02/27/2025
0.00
If you would invest 0.00 in VETIVA INDUSTRIAL on January 28, 2025 and sell it all today you would earn a total of 0.00 from holding VETIVA INDUSTRIAL ETF or generate 0.0% return on investment in VETIVA INDUSTRIAL over 30 days.
VETIVA INDUSTRIAL 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 VETIVA INDUSTRIAL'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 VETIVA INDUSTRIAL ETF 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 VETIVA INDUSTRIAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VETIVA INDUSTRIAL's standard deviation. In reality, there are many statistical measures that can use VETIVA INDUSTRIAL historical prices to predict the future VETIVA INDUSTRIAL's volatility.
VETIVA INDUSTRIAL ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0389, which indicates the etf had a -0.0389 % return per unit of risk over the last 3 months. VETIVA INDUSTRIAL ETF exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VETIVA INDUSTRIAL's Variance of 7.78, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,594) to confirm the risk estimate we provide. The entity has a beta of 0.66, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VETIVA INDUSTRIAL's returns are expected to increase less than the market. However, during the bear market, the loss of holding VETIVA INDUSTRIAL is expected to be smaller as well.
Auto-correlation
-0.27
Weak reverse predictability
VETIVA INDUSTRIAL ETF has weak reverse predictability. Overlapping area represents the amount of predictability between VETIVA INDUSTRIAL time series from 28th of January 2025 to 12th of February 2025 and 12th of February 2025 to 27th of February 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 VETIVA INDUSTRIAL ETF price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current VETIVA INDUSTRIAL price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.27
Spearman Rank Test
-0.12
Residual Average
0.0
Price Variance
1.41
VETIVA INDUSTRIAL ETF lagged returns against current returns
Autocorrelation, which is VETIVA INDUSTRIAL 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 VETIVA INDUSTRIAL's etf expected returns. We can calculate the autocorrelation of VETIVA INDUSTRIAL returns to help us make a trade decision. For example, suppose you find that VETIVA INDUSTRIAL 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
VETIVA INDUSTRIAL 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 VETIVA INDUSTRIAL etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VETIVA INDUSTRIAL etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VETIVA INDUSTRIAL etf over time.
Current vs Lagged Prices
Timeline
VETIVA INDUSTRIAL Lagged Returns
When evaluating VETIVA INDUSTRIAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VETIVA INDUSTRIAL etf have on its future price. VETIVA INDUSTRIAL 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, VETIVA INDUSTRIAL autocorrelation shows the relationship between VETIVA INDUSTRIAL etf current value and its past values and can show if there is a momentum factor associated with investing in VETIVA INDUSTRIAL ETF.
Regressed Prices
Timeline
Also Currently Popular
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.