Vanguard Health Care Etf Market Value
| VHT Etf | USD 264.06 2.44 0.93% |
| Symbol | Vanguard |
The market value of Vanguard Health Care is measured differently than its book value, which is the value of Vanguard that is recorded on the company's balance sheet. Investors also form their own opinion of Vanguard Health's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Health'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 Vanguard Health's market value can be influenced by many factors that don't directly affect Vanguard Health'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 Vanguard Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Health'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.
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 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 Vanguard Health.
| 12/14/2024 |
| 03/14/2025 |
If you would invest 0.00 in Vanguard Health on December 14, 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 90 days. Vanguard Health is related to or competes with Vanguard Consumer, Vanguard Financials, Vanguard Information, Vanguard Consumer, and Vanguard Utilities. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Inde... 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 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 Vanguard Health Care upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.1308 | |||
| Maximum Drawdown | 3.22 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.23 |
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 | (0.03) | |||
| Jensen Alpha | 0.038 | |||
| Total Risk Alpha | 0.0982 | |||
| Treynor Ratio | (0.07) |
Vanguard Health Care Backtested Returns
Currently, Vanguard Health Care is very steady. Vanguard Health Care owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0572, which indicates the etf had a 0.0572 % return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Vanguard Health Care, which you can use to evaluate the volatility of the etf. Please validate Vanguard Health's Coefficient Of Variation of (2,959), risk adjusted performance of (0.03), and Variance of 0.6455 to confirm if the risk estimate we provide is consistent with the expected return of 0.0467%. The entity has a beta of 0.53, 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 | 0.29 |
Poor predictability
Vanguard Health Care has poor predictability. Overlapping area represents the amount of predictability between Vanguard Health time series from 14th of December 2024 to 28th of January 2025 and 28th of January 2025 to 14th 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 Vanguard Health Care price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Vanguard Health price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 2.92 |
Vanguard Health Care lagged returns against current returns
Autocorrelation, which is Vanguard Health 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 Vanguard Health's etf 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 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 |
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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Health etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Health etf 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 etf 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 etf 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 |
Thematic Opportunities
Explore Investment Opportunities
Check out Vanguard Health Correlation, Vanguard Health Volatility and Vanguard Health Alpha and Beta module to complement your research on Vanguard Health. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Vanguard Health 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.