Vaneck Israel Etf Market Value
ISRA Etf | USD 37.31 0.14 0.37% |
Symbol | VanEck |
The market value of VanEck Israel ETF 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 Israel's value that differs from its market value or its book value, called intrinsic value, which is VanEck Israel'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 Israel's market value can be influenced by many factors that don't directly affect VanEck Israel'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 Israel's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Israel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Israel'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 Israel '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 Israel'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 Israel.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in VanEck Israel on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Israel ETF or generate 0.0% return on investment in VanEck Israel over 30 days. VanEck Israel is related to or competes with IShares MSCI. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Israel 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 Israel'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 Israel ETF upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.9772 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 4.73 | |||
Value At Risk | (1.60) | |||
Potential Upside | 1.83 |
VanEck Israel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Israel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Israel's standard deviation. In reality, there are many statistical measures that can use VanEck Israel historical prices to predict the future VanEck Israel's volatility.Risk Adjusted Performance | 0.0691 | |||
Jensen Alpha | 0.0903 | |||
Total Risk Alpha | (0.12) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.6549 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Israel'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.
VanEck Israel ETF Backtested Returns
We consider VanEck Israel very steady. VanEck Israel ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.1, which indicates the etf had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for VanEck Israel ETF, which you can use to evaluate the volatility of the etf. Please validate VanEck Israel's Semi Deviation of 0.8452, coefficient of variation of 862.61, and Risk Adjusted Performance of 0.0691 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Israel's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Israel is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
VanEck Israel ETF has good reverse predictability. Overlapping area represents the amount of predictability between VanEck Israel time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Israel ETF price movement. The serial correlation of -0.51 indicates that about 51.0% of current VanEck Israel price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.51 | |
Spearman Rank Test | -0.42 | |
Residual Average | 0.0 | |
Price Variance | 0.33 |
VanEck Israel ETF lagged returns against current returns
Autocorrelation, which is VanEck Israel 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 Israel's etf expected returns. We can calculate the autocorrelation of VanEck Israel returns to help us make a trade decision. For example, suppose you find that VanEck Israel 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 Israel 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 Israel etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Israel etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Israel etf over time.
Current vs Lagged Prices |
Timeline |
VanEck Israel Lagged Returns
When evaluating VanEck Israel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Israel etf have on its future price. VanEck Israel 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 Israel autocorrelation shows the relationship between VanEck Israel etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Israel ETF.
Regressed Prices |
Timeline |
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When running VanEck Israel's price analysis, check to measure VanEck Israel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy VanEck Israel is operating at the current time. Most of VanEck Israel's value examination focuses on studying past and present price action to predict the probability of VanEck Israel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VanEck Israel's price. Additionally, you may evaluate how the addition of VanEck Israel to your portfolios can decrease your overall portfolio volatility.
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VanEck Israel 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.