Vanguard Materials Index Etf Market Value
| VAW Etf | USD 194.22 0.05 0.03% |
| Symbol | Vanguard |
The market value of Vanguard Materials Index 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 Materials' value that differs from its market value or its book value, called intrinsic value, which is Vanguard Materials' 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 Materials' market value can be influenced by many factors that don't directly affect Vanguard Materials' 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 Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Materials' 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 Materials '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 Materials' 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 Materials.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Vanguard Materials on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Materials Index or generate 0.0% return on investment in Vanguard Materials over 30 days. Vanguard Materials is related to or competes with Global X, Global X, and Global X. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Inde... More
Vanguard Materials 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 Materials' 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 Materials Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | 0.0116 | |||
| Maximum Drawdown | 3.99 | |||
| Value At Risk | (1.60) | |||
| Potential Upside | 1.47 |
Vanguard Materials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Materials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Materials' standard deviation. In reality, there are many statistical measures that can use Vanguard Materials historical prices to predict the future Vanguard Materials' volatility.| Risk Adjusted Performance | 0.0786 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0096 | |||
| Treynor Ratio | 0.083 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Materials' 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 Materials Index Backtested Returns
We consider Vanguard Materials very steady. Vanguard Materials Index owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the etf had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Vanguard Materials Index, which you can use to evaluate the volatility of the etf. Please validate Vanguard Materials' Coefficient Of Variation of 822.93, risk adjusted performance of 0.0786, and Semi Deviation of 0.8441 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 1.15, which indicates a somewhat significant risk relative to the market. Vanguard Materials returns are very sensitive to returns on the market. As the market goes up or down, Vanguard Materials is expected to follow.
Auto-correlation | -0.22 |
Weak reverse predictability
Vanguard Materials Index has weak reverse predictability. Overlapping area represents the amount of predictability between Vanguard Materials time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Materials Index price movement. The serial correlation of -0.22 indicates that over 22.0% of current Vanguard Materials price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 5.84 |
Vanguard Materials Index lagged returns against current returns
Autocorrelation, which is Vanguard Materials 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 Materials' etf expected returns. We can calculate the autocorrelation of Vanguard Materials returns to help us make a trade decision. For example, suppose you find that Vanguard Materials 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 Materials 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 Materials etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Materials etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Materials etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Materials Lagged Returns
When evaluating Vanguard Materials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Materials etf have on its future price. Vanguard Materials 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 Materials autocorrelation shows the relationship between Vanguard Materials etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Materials Index.
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 Materials 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 Materials' short interest history, or implied volatility extrapolated from Vanguard Materials options trading.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Vanguard Materials Index is a strong investment it is important to analyze Vanguard Materials' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Vanguard Materials' future performance. For an informed investment choice regarding Vanguard Etf, refer to the following important reports:Check out Vanguard Materials Correlation, Vanguard Materials Volatility and Vanguard Materials Alpha and Beta module to complement your research on Vanguard Materials. Note that the Vanguard Materials Index information on this page should be used as a complementary analysis to other Vanguard Materials' 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Vanguard Materials 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.