Vanguard High Yield Corporate Fund Market Value
| VWEAX Fund | USD 5.47 0.01 0.18% |
| Symbol | Vanguard |
Vanguard High-yield '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 High-yield'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 High-yield.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Vanguard High-yield on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Vanguard High Yield Corporate or generate 0.0% return on investment in Vanguard High-yield over 570 days. Vanguard High-yield is related to or competes with Vanguard Short-term, Vanguard Intermediate-ter, Vanguard Gnma, Vanguard High, and Vanguard Long-term. The fund invests primarily in a diversified group of high-yielding, higher-risk corporate bonds-commonly known as junk b... More
Vanguard High-yield 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 High-yield'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 High Yield Corporate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2137 | |||
| Information Ratio | (0.71) | |||
| Maximum Drawdown | 0.7353 | |||
| Value At Risk | (0.18) | |||
| Potential Upside | 0.3656 |
Vanguard High-yield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard High-yield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard High-yield's standard deviation. In reality, there are many statistical measures that can use Vanguard High-yield historical prices to predict the future Vanguard High-yield's volatility.| Risk Adjusted Performance | 0.0598 | |||
| Jensen Alpha | 0.005 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.49) | |||
| Treynor Ratio | 0.2376 |
Vanguard High Yield Backtested Returns
At this stage we consider Vanguard Mutual Fund to be very steady. Vanguard High Yield owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Vanguard High Yield Corporate, which you can use to evaluate the volatility of the fund. Please validate Vanguard High-yield's Downside Deviation of 0.2137, risk adjusted performance of 0.0598, and Standard Deviation of 0.148 to confirm if the risk estimate we provide is consistent with the expected return of 0.0147%. The entity has a beta of 0.0405, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vanguard High-yield's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard High-yield is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
Vanguard High Yield Corporate has very good predictability. Overlapping area represents the amount of predictability between Vanguard High-yield time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 High Yield price movement. The serial correlation of 0.8 indicates that around 80.0% of current Vanguard High-yield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Vanguard High Yield lagged returns against current returns
Autocorrelation, which is Vanguard High-yield 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 High-yield's mutual fund expected returns. We can calculate the autocorrelation of Vanguard High-yield returns to help us make a trade decision. For example, suppose you find that Vanguard High-yield 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 High-yield 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 High-yield mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard High-yield 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 High-yield mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Vanguard High-yield Lagged Returns
When evaluating Vanguard High-yield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard High-yield mutual fund have on its future price. Vanguard High-yield 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 High-yield autocorrelation shows the relationship between Vanguard High-yield mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Vanguard High Yield Corporate.
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 High-yield 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 High-yield security.
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