VanEck Smart's market value is the price at which a share of VanEck Smart trades on a public exchange. It measures the collective expectations of VanEck Smart Contract investors about its performance. VanEck Smart is trading at 11.22 as of the 27th of December 2024, a 1.06% down since the beginning of the trading day. The etf's lowest day price was 11.22. With this module, you can estimate the performance of a buy and hold strategy of VanEck Smart Contract and determine expected loss or profit from investing in VanEck Smart 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
VanEck
VanEck Smart '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 VanEck Smart'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 VanEck Smart.
0.00
11/27/2024
No Change 0.00
0.0
In 31 days
12/27/2024
0.00
If you would invest 0.00 in VanEck Smart on November 27, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Smart Contract or generate 0.0% return on investment in VanEck Smart over 30 days.
VanEck Smart 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 VanEck Smart'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 VanEck Smart Contract 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 VanEck Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Smart's standard deviation. In reality, there are many statistical measures that can use VanEck Smart historical prices to predict the future VanEck Smart's volatility.
VanEck Smart appears to be slightly risky, given 3 months investment horizon. VanEck Smart Contract owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the etf had a 0.15% return per unit of risk over the last 3 months. By inspecting VanEck Smart's technical indicators, you can evaluate if the expected return of 0.72% is justified by implied risk. Please review VanEck Smart's Coefficient Of Variation of 630.81, semi deviation of 3.38, and Risk Adjusted Performance of 0.1341 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of -0.0721, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VanEck Smart are expected to decrease at a much lower rate. During the bear market, VanEck Smart is likely to outperform the market.
Auto-correlation
-0.85
Excellent reverse predictability
VanEck Smart Contract has excellent reverse predictability. Overlapping area represents the amount of predictability between VanEck Smart time series from 27th of November 2024 to 12th of December 2024 and 12th of December 2024 to 27th 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 VanEck Smart Contract price movement. The serial correlation of -0.85 indicates that around 85.0% of current VanEck Smart price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.85
Spearman Rank Test
-0.9
Residual Average
0.0
Price Variance
1.25
VanEck Smart Contract lagged returns against current returns
Autocorrelation, which is VanEck Smart 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 VanEck Smart's etf expected returns. We can calculate the autocorrelation of VanEck Smart returns to help us make a trade decision. For example, suppose you find that VanEck Smart 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
VanEck Smart 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 VanEck Smart etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Smart etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Smart etf over time.
Current vs Lagged Prices
Timeline
VanEck Smart Lagged Returns
When evaluating VanEck Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Smart etf have on its future price. VanEck Smart 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, VanEck Smart autocorrelation shows the relationship between VanEck Smart etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Smart Contract.
Regressed Prices
Timeline
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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.