Vanguard Mid Cap Index Etf Market Value
| VO Etf | USD 284.63 0.72 0.25% |
| Symbol | Vanguard |
The market value of Vanguard Mid Cap 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 Mid's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Mid'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 Mid's market value can be influenced by many factors that don't directly affect Vanguard Mid'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 Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Mid'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 Mid '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 Mid'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 Mid.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Vanguard Mid on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Mid Cap Index or generate 0.0% return on investment in Vanguard Mid over 180 days. Vanguard Mid is related to or competes with Vanguard Small, Vanguard Large, Vanguard Small, Vanguard Small, and Vanguard Mid. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broad... More
Vanguard Mid 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 Mid'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 Mid Cap Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6243 | |||
| Information Ratio | 0.0578 | |||
| Maximum Drawdown | 3.56 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.33 |
Vanguard Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Mid's standard deviation. In reality, there are many statistical measures that can use Vanguard Mid historical prices to predict the future Vanguard Mid's volatility.| Risk Adjusted Performance | 0.1887 | |||
| Jensen Alpha | 0.059 | |||
| Total Risk Alpha | 0.0485 | |||
| Sortino Ratio | 0.0672 | |||
| Treynor Ratio | 0.1958 |
Vanguard Mid Cap Backtested Returns
Vanguard Mid appears to be very steady, given 3 months investment horizon. Vanguard Mid Cap owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.28, which indicates the etf had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vanguard Mid Cap Index, which you can use to evaluate the volatility of the etf. Please review Vanguard Mid's Risk Adjusted Performance of 0.1887, coefficient of variation of 403.9, and Semi Deviation of 0.3812 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 0.87, which indicates possible diversification benefits within a given portfolio. Vanguard Mid returns are very sensitive to returns on the market. As the market goes up or down, Vanguard Mid is expected to follow.
Auto-correlation | 0.77 |
Good predictability
Vanguard Mid Cap Index has good predictability. Overlapping area represents the amount of predictability between Vanguard Mid time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Mid Cap price movement. The serial correlation of 0.77 indicates that around 77.0% of current Vanguard Mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 84.79 |
Vanguard Mid Cap lagged returns against current returns
Autocorrelation, which is Vanguard Mid 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 Mid's etf expected returns. We can calculate the autocorrelation of Vanguard Mid returns to help us make a trade decision. For example, suppose you find that Vanguard Mid 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 Mid 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 Mid etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Mid etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Mid etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Mid Lagged Returns
When evaluating Vanguard Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Mid etf have on its future price. Vanguard Mid 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 Mid autocorrelation shows the relationship between Vanguard Mid etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Mid Cap Index.
Regressed Prices |
| Timeline |
Pair Trading with Vanguard Mid
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 Vanguard Mid 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 Vanguard Mid will appreciate offsetting losses from the drop in the long position's value.Moving together with Vanguard Etf
| 0.98 | VXF | Vanguard Extended Market | PairCorr |
| 0.98 | IJH | iShares Core SP | PairCorr |
| 0.99 | IWR | iShares Russell Mid | PairCorr |
| 0.98 | MDY | SPDR SP MIDCAP | PairCorr |
Moving against Vanguard Etf
| 0.88 | VIIX | VIIX | PairCorr |
| 0.87 | ULE | ProShares Ultra Euro | PairCorr |
| 0.82 | YCL | ProShares Ultra Yen | PairCorr |
| 0.8 | FXY | Invesco CurrencyShares | PairCorr |
The ability to find closely correlated positions to Vanguard Mid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard Mid 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 Vanguard Mid - 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 Vanguard Mid Cap Index to buy it.
The correlation of Vanguard Mid 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 Vanguard Mid moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Mid Cap 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 Vanguard Mid 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 Vanguard Mid Correlation, Vanguard Mid Volatility and Vanguard Mid Alpha and Beta module to complement your research on Vanguard Mid. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Vanguard Mid 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.