Vaneck Semiconductor Etf Market Value
| SMH Etf | USD 207.80 4.78 2.35% |
| Symbol | VanEck |
The market value of VanEck Semiconductor 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 Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is VanEck Semiconductor'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 Semiconductor's market value can be influenced by many factors that don't directly affect VanEck Semiconductor'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 Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Semiconductor'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 Semiconductor '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 Semiconductor'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 Semiconductor.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in VanEck Semiconductor on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding VanEck Semiconductor ETF or generate 0.0% return on investment in VanEck Semiconductor over 720 days. VanEck Semiconductor is related to or competes with IShares Semiconductor, Technology Select, Financial Select, Consumer Discretionary, and Industrial Select. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Semiconductor 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 Semiconductor'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 Semiconductor ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.84 | |||
| Information Ratio | 0.0549 | |||
| Maximum Drawdown | 11.34 | |||
| Value At Risk | (2.92) | |||
| Potential Upside | 3.45 |
VanEck Semiconductor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Semiconductor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Semiconductor's standard deviation. In reality, there are many statistical measures that can use VanEck Semiconductor historical prices to predict the future VanEck Semiconductor's volatility.| Risk Adjusted Performance | 0.068 | |||
| Jensen Alpha | 0.0646 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.06 | |||
| Treynor Ratio | 0.1201 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Semiconductor'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 Semiconductor ETF Backtested Returns
We consider VanEck Semiconductor very steady. VanEck Semiconductor ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0526, which indicates the etf had a 0.0526% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Semiconductor ETF, which you can use to evaluate the volatility of the etf. Please validate VanEck Semiconductor's Risk Adjusted Performance of 0.068, coefficient of variation of 1007.63, and Semi Deviation of 1.67 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 1.58, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, VanEck Semiconductor will likely underperform.
Auto-correlation | 0.68 |
Good predictability
VanEck Semiconductor ETF has good predictability. Overlapping area represents the amount of predictability between VanEck Semiconductor time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd 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 VanEck Semiconductor ETF price movement. The serial correlation of 0.68 indicates that around 68.0% of current VanEck Semiconductor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 870.65 |
VanEck Semiconductor ETF lagged returns against current returns
Autocorrelation, which is VanEck Semiconductor 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 Semiconductor's etf expected returns. We can calculate the autocorrelation of VanEck Semiconductor returns to help us make a trade decision. For example, suppose you find that VanEck Semiconductor 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 Semiconductor 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 Semiconductor etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Semiconductor etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Semiconductor etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Semiconductor Lagged Returns
When evaluating VanEck Semiconductor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Semiconductor etf have on its future price. VanEck Semiconductor 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 Semiconductor autocorrelation shows the relationship between VanEck Semiconductor etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Semiconductor ETF.
Regressed Prices |
| Timeline |
VanEck Semiconductor Implied Volatility | 106.04 |
VanEck Semiconductor's implied volatility exposes the market's sentiment of VanEck Semiconductor ETF stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if VanEck Semiconductor's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that VanEck Semiconductor stock will not fluctuate a lot when VanEck Semiconductor's options are near their expiration.
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 VanEck Semiconductor 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, VanEck Semiconductor's short interest history, or implied volatility extrapolated from VanEck Semiconductor options trading.
Currently Active Assets on Macroaxis
When determining whether VanEck Semiconductor ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Semiconductor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Semiconductor Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Semiconductor Etf:Check out VanEck Semiconductor Correlation, VanEck Semiconductor Volatility and VanEck Semiconductor Alpha and Beta module to complement your research on VanEck Semiconductor. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
VanEck Semiconductor 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.