Vanguard Mega Cap Etf Market Value
| MGK Etf | USD 274.50 1.70 0.62% |
| Symbol | Vanguard |
The market value of Vanguard Mega Cap is measured differently than its book value, which is the value of Vanguard that is recorded on the company's balance sheet. Investors also form their own opinion of Vanguard Mega's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Mega'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 Vanguard Mega's market value can be influenced by many factors that don't directly affect Vanguard Mega'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 Vanguard Mega's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Mega is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Mega'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.
Vanguard Mega '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 Mega'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 Vanguard Mega.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Vanguard Mega on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Mega Cap or generate 0.0% return on investment in Vanguard Mega over 30 days. Vanguard Mega is related to or competes with Vanguard Mega, Vanguard Mid, Vanguard Growth, Vanguard Small, and Vanguard Mega. The fund employs an indexing investment approach designed to track the performance of the index More
Vanguard Mega 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 Mega'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 Vanguard Mega Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9224 | |||
| Information Ratio | 0.0204 | |||
| Maximum Drawdown | 5.08 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.64 |
Vanguard Mega Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Mega's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Mega's standard deviation. In reality, there are many statistical measures that can use Vanguard Mega historical prices to predict the future Vanguard Mega's volatility.| Risk Adjusted Performance | 0.0581 | |||
| Jensen Alpha | 0.064 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0226 | |||
| Treynor Ratio | 0.302 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Mega'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.
Vanguard Mega Cap Backtested Returns
We consider Vanguard Mega very steady. Vanguard Mega Cap 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-nine technical indicators for Vanguard Mega Cap, which you can use to evaluate the volatility of the etf. Please validate Vanguard Mega's Risk Adjusted Performance of 0.0581, coefficient of variation of 1141.93, and Semi Deviation of 0.7984 to confirm if the risk estimate we provide is consistent with the expected return of 0.0419%. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vanguard Mega's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard Mega is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Vanguard Mega Cap has good predictability. Overlapping area represents the amount of predictability between Vanguard Mega time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Mega Cap price movement. The serial correlation of 0.75 indicates that around 75.0% of current Vanguard Mega price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 20.04 |
Vanguard Mega Cap lagged returns against current returns
Autocorrelation, which is Vanguard Mega 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 Vanguard Mega's etf expected returns. We can calculate the autocorrelation of Vanguard Mega returns to help us make a trade decision. For example, suppose you find that Vanguard Mega 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 |
Vanguard Mega 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 Mega etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Mega etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Mega etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Mega Lagged Returns
When evaluating Vanguard Mega's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Mega etf have on its future price. Vanguard Mega 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 Mega autocorrelation shows the relationship between Vanguard Mega etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Mega Cap.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Vanguard Mega in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Vanguard Mega's short interest history, or implied volatility extrapolated from Vanguard Mega options trading.
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Try AI Portfolio ArchitectCheck out Vanguard Mega Correlation, Vanguard Mega Volatility and Vanguard Mega Alpha and Beta module to complement your research on Vanguard Mega. Note that the Vanguard Mega Cap information on this page should be used as a complementary analysis to other Vanguard Mega's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Vanguard Mega 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.