Vanguard Communication Services Etf Market Value
| VOX Etf | USD 127.67 0.37 0.29% |
| Symbol | Vanguard |
The market value of Vanguard Communication 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 Communication's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Communication'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 Communication's market value can be influenced by many factors that don't directly affect Vanguard Communication'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 Communication's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Communication is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Communication'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 Communication '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 Communication'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 Communication.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Vanguard Communication on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Communication Services or generate 0.0% return on investment in Vanguard Communication over 30 days. Vanguard Communication is related to or competes with IShares Global, IShares Global, and IShares Global. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Inde... More
Vanguard Communication 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 Communication'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 Communication Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.05 | |||
| Information Ratio | 0.0438 | |||
| Maximum Drawdown | 5.87 | |||
| Value At Risk | (1.55) | |||
| Potential Upside | 1.52 |
Vanguard Communication Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Communication's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Communication's standard deviation. In reality, there are many statistical measures that can use Vanguard Communication historical prices to predict the future Vanguard Communication's volatility.| Risk Adjusted Performance | 0.0793 | |||
| Jensen Alpha | 0.0439 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0451 | |||
| Treynor Ratio | 0.1173 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Communication'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 Communication Backtested Returns
We consider Vanguard Communication very steady. Vanguard Communication owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0602, which indicates the etf had a 0.0602% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vanguard Communication Services, which you can use to evaluate the volatility of the etf. Please validate Vanguard Communication's Risk Adjusted Performance of 0.0793, coefficient of variation of 816.08, and Semi Deviation of 0.8611 to confirm if the risk estimate we provide is consistent with the expected return of 0.0653%. The entity has a beta of 1.05, which indicates a somewhat significant risk relative to the market. Vanguard Communication returns are very sensitive to returns on the market. As the market goes up or down, Vanguard Communication is expected to follow.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Vanguard Communication Services has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Vanguard Communication time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 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 Vanguard Communication price movement. The serial correlation of -0.75 indicates that around 75.0% of current Vanguard Communication price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 4.27 |
Vanguard Communication lagged returns against current returns
Autocorrelation, which is Vanguard Communication 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 Communication's etf expected returns. We can calculate the autocorrelation of Vanguard Communication returns to help us make a trade decision. For example, suppose you find that Vanguard Communication 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 Communication 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 Communication etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Communication etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Communication etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Communication Lagged Returns
When evaluating Vanguard Communication's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Communication etf have on its future price. Vanguard Communication 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 Communication autocorrelation shows the relationship between Vanguard Communication etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Communication Services.
Regressed Prices |
| Timeline |
Also Currently Popular
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 Communication offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Vanguard Communication'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 Vanguard Communication Services Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vanguard Communication Services Etf:Check out Vanguard Communication Correlation, Vanguard Communication Volatility and Vanguard Communication Alpha and Beta module to complement your research on Vanguard Communication. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Vanguard Communication 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.