Vaneck Cef Municipal Etf Market Value
| XMPT Etf | USD 22.90 0.14 0.62% |
| Symbol | VanEck |
The market value of VanEck CEF Municipal is measured differently than its book value, which is the value of VanEck that is recorded on the company's balance sheet. Investors also form their own opinion of VanEck CEF's value that differs from its market value or its book value, called intrinsic value, which is VanEck CEF'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 VanEck CEF's market value can be influenced by many factors that don't directly affect VanEck CEF'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 VanEck CEF's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck CEF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck CEF'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.
VanEck CEF '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 CEF'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 CEF.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in VanEck CEF on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck CEF Municipal or generate 0.0% return on investment in VanEck CEF over 180 days. VanEck CEF is related to or competes with Franklin Liberty, Hartford Municipal, IQ MacKay, First Trust, and Franklin Liberty. The fund normally invests at least 80 percent of its total assets in investments the income from which is exempt from U.... More
VanEck CEF 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 CEF'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 CEF Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5539 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.07 | |||
| Value At Risk | (0.83) | |||
| Potential Upside | 0.8083 |
VanEck CEF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck CEF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck CEF's standard deviation. In reality, there are many statistical measures that can use VanEck CEF historical prices to predict the future VanEck CEF's volatility.| Risk Adjusted Performance | 0.0698 | |||
| Jensen Alpha | 0.0369 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 2.4 |
VanEck CEF Municipal Backtested Returns
Currently, VanEck CEF Municipal is very steady. VanEck CEF Municipal owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0921, which indicates the etf had a 0.0921% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck CEF Municipal, which you can use to evaluate the volatility of the etf. Please validate VanEck CEF's Risk Adjusted Performance of 0.0698, semi deviation of 0.453, and Coefficient Of Variation of 1017.81 to confirm if the risk estimate we provide is consistent with the expected return of 0.0462%. The entity has a beta of 0.0162, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck CEF's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck CEF is expected to be smaller as well.
Auto-correlation | -0.41 |
Modest reverse predictability
VanEck CEF Municipal has modest reverse predictability. Overlapping area represents the amount of predictability between VanEck CEF 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 VanEck CEF Municipal price movement. The serial correlation of -0.41 indicates that just about 41.0% of current VanEck CEF price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
VanEck CEF Municipal lagged returns against current returns
Autocorrelation, which is VanEck CEF 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 CEF's etf expected returns. We can calculate the autocorrelation of VanEck CEF returns to help us make a trade decision. For example, suppose you find that VanEck CEF 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 CEF 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 CEF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck CEF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck CEF etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck CEF Lagged Returns
When evaluating VanEck CEF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck CEF etf have on its future price. VanEck CEF 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 CEF autocorrelation shows the relationship between VanEck CEF etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck CEF Municipal.
Regressed Prices |
| Timeline |
Thematic Opportunities
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VanEck CEF 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.