Vident Core Equity Etf Market Value
| VUSE Etf | USD 58.84 0.65 1.09% |
| Symbol | Vident |
The market value of Vident Core Equity is measured differently than its book value, which is the value of Vident that is recorded on the company's balance sheet. Investors also form their own opinion of Vident Core's value that differs from its market value or its book value, called intrinsic value, which is Vident Core'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 Vident Core's market value can be influenced by many factors that don't directly affect Vident Core'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 Vident Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vident Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vident Core'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.
Vident Core '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 Vident Core'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 Vident Core.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in Vident Core on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding Vident Core Equity or generate 0.0% return on investment in Vident Core over 30 days. Vident Core is related to or competes with Vident International, Vident Core, VictoryShares 500, First Trust, and FlexShares Quality. Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities o... More
Vident Core 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 Vident Core'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 Vident Core Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.846 | |||
| Information Ratio | 0.0488 | |||
| Maximum Drawdown | 6.16 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.3 |
Vident Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vident Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vident Core's standard deviation. In reality, there are many statistical measures that can use Vident Core historical prices to predict the future Vident Core's volatility.| Risk Adjusted Performance | 0.0664 | |||
| Jensen Alpha | 0.0566 | |||
| Total Risk Alpha | 0.041 | |||
| Sortino Ratio | 0.05 | |||
| Treynor Ratio | 0.2905 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vident Core'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.
Vident Core Equity Backtested Returns
At this point, Vident Core is very steady. Vident Core Equity owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0418, which indicates the etf had a 0.0418% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vident Core Equity, which you can use to evaluate the volatility of the etf. Please validate Vident Core's Semi Deviation of 0.7478, coefficient of variation of 1231.48, and Risk Adjusted Performance of 0.0664 to confirm if the risk estimate we provide is consistent with the expected return of 0.0363%. The entity has a beta of 0.21, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vident Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vident Core is expected to be smaller as well.
Auto-correlation | 0.21 |
Weak predictability
Vident Core Equity has weak predictability. Overlapping area represents the amount of predictability between Vident Core time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th of January 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 Vident Core Equity price movement. The serial correlation of 0.21 indicates that over 21.0% of current Vident Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Vident Core Equity lagged returns against current returns
Autocorrelation, which is Vident Core 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 Vident Core's etf expected returns. We can calculate the autocorrelation of Vident Core returns to help us make a trade decision. For example, suppose you find that Vident Core 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 |
Vident Core 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 Vident Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vident Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vident Core etf over time.
Current vs Lagged Prices |
| Timeline |
Vident Core Lagged Returns
When evaluating Vident Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vident Core etf have on its future price. Vident Core 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, Vident Core autocorrelation shows the relationship between Vident Core etf current value and its past values and can show if there is a momentum factor associated with investing in Vident Core Equity.
Regressed Prices |
| Timeline |
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Check out Vident Core Correlation, Vident Core Volatility and Vident Core Alpha and Beta module to complement your research on Vident Core. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Vident Core 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.