Vaneck Long Muni Etf Technical Analysis
| MLN Etf | USD 18.22 0.06 0.33% |
As of the 28th of November, VanEck Long has the Semi Deviation of 0.4369, risk adjusted performance of 0.0386, and Coefficient Of Variation of 1651.25. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of VanEck Long Muni, as well as the relationship between them.
VanEck Long Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as VanEck, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to VanEckVanEck |
VanEck Long 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.
VanEck Long Muni Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of VanEck Long Muni volatility. High ATR values indicate high volatility, and low values indicate low volatility.
VanEck Long Muni Trend Analysis
Use this graph to draw trend lines for VanEck Long Muni. You can use it to identify possible trend reversals for VanEck Long as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual VanEck Long price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.VanEck Long Best Fit Change Line
The following chart estimates an ordinary least squares regression model for VanEck Long Muni applied against its price change over selected period. The best fit line has a slop of 0.0031 , which may imply that the returns on investment in VanEck Long Muni will continue to fail. It has 122 observation points and a regression sum of squares at 0.36, which is the sum of squared deviations for the predicted VanEck Long price change compared to its average price change.About VanEck Long Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of VanEck Long Muni on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of VanEck Long Muni based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on VanEck Long Muni price pattern first instead of the macroeconomic environment surrounding VanEck Long Muni. By analyzing VanEck Long's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of VanEck Long's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to VanEck Long specific price patterns or momentum indicators. Please read more on our technical analysis page.
VanEck Long November 28, 2024 Technical Indicators
Most technical analysis of VanEck help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for VanEck from various momentum indicators to cycle indicators. When you analyze VanEck charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0386 | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 0.2782 | |||
| Semi Deviation | 0.4369 | |||
| Downside Deviation | 0.508 | |||
| Coefficient Of Variation | 1651.25 | |||
| Standard Deviation | 0.4306 | |||
| Variance | 0.1854 | |||
| Information Ratio | (0.23) | |||
| Jensen Alpha | 0.0384 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.20) | |||
| Treynor Ratio | (0.08) | |||
| Maximum Drawdown | 2.89 | |||
| Value At Risk | (0.49) | |||
| Potential Upside | 0.5609 | |||
| Downside Variance | 0.2581 | |||
| Semi Variance | 0.1909 | |||
| Expected Short fall | (0.30) | |||
| Skewness | (1.62) | |||
| Kurtosis | 9.31 |
VanEck Long Muni One Year Return
Based on the recorded statements, VanEck Long Muni has an One Year Return of 8.1%. This is 255.77% lower than that of the VanEck family and significantly higher than that of the Muni National Long category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Long Muni. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of VanEck Long Muni 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 Long's value that differs from its market value or its book value, called intrinsic value, which is VanEck Long'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 Long's market value can be influenced by many factors that don't directly affect VanEck Long'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 Long's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Long is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Long'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.