Vanguard Health Care Fund Market Value
| VGHCX Fund | USD 214.34 0.94 0.44% |
| Symbol | Vanguard |
Vanguard Health '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 Vanguard Health's mutual fund 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 Vanguard Health.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Vanguard Health on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Health Care or generate 0.0% return on investment in Vanguard Health over 30 days. Vanguard Health is related to or competes with Vanguard Energy, Vanguard Dividend, Vanguard Wellington, Vanguard Capital, and Vanguard Primecap. The fund invests at least 80 percent of its assets in the stocks of companies principally engaged in the development, pr... More
Vanguard Health 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 Vanguard Health's mutual fund 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 Vanguard Health Care upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.38) | |||
| Maximum Drawdown | 3.84 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 0.8221 |
Vanguard Health Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Health's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Health's standard deviation. In reality, there are many statistical measures that can use Vanguard Health historical prices to predict the future Vanguard Health's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Vanguard Health Care Backtested Returns
Vanguard Health Care owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.2, which indicates the fund had a -0.2% return per unit of risk over the last 3 months. Vanguard Health Care exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Vanguard Health's Coefficient Of Variation of (507.17), risk adjusted performance of (0.15), and Variance of 0.5566 to confirm the risk estimate we provide. The entity has a beta of 0.57, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Vanguard Health's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard Health is expected to be smaller as well.
Auto-correlation | -0.47 |
Modest reverse predictability
Vanguard Health Care has modest reverse predictability. Overlapping area represents the amount of predictability between Vanguard Health time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Vanguard Health Care price movement. The serial correlation of -0.47 indicates that about 47.0% of current Vanguard Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 15.92 |
Vanguard Health Care lagged returns against current returns
Autocorrelation, which is Vanguard Health mutual fund'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 Vanguard Health's mutual fund expected returns. We can calculate the autocorrelation of Vanguard Health returns to help us make a trade decision. For example, suppose you find that Vanguard Health has exhibited high autocorrelation historically, and you observe that the mutual fund 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 |
Vanguard Health 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 Vanguard Health mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Health mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Health mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Health Lagged Returns
When evaluating Vanguard Health's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Health mutual fund have on its future price. Vanguard Health 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, Vanguard Health autocorrelation shows the relationship between Vanguard Health mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Health Care.
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.Other Information on Investing in Vanguard Mutual Fund
Vanguard Health financial ratios help investors to determine whether Vanguard Mutual Fund 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 Vanguard with respect to the benefits of owning Vanguard Health security.
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