Vanguard Value Correlations
| VTV Etf | USD 155.96 1.15 0.74% |
The correlation of Vanguard Value is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Value Index moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Modest diversification
The correlation between Vanguard Value Index and NYA is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vanguard Value Index and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Vanguard Value could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard Value when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vanguard Value - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vanguard Value Index to buy it.
Moving together with Vanguard Etf
| 1.0 | VYM | Vanguard High Dividend | PairCorr |
| 0.96 | IWD | iShares Russell 1000 | PairCorr |
| 0.98 | DGRO | iShares Core Dividend | PairCorr |
| 0.96 | IVE | iShares SP 500 | PairCorr |
| 0.91 | DVY | iShares Select Dividend | PairCorr |
| 0.98 | SPYV | SPDR Portfolio SP | PairCorr |
| 0.89 | FVD | First Trust Value | PairCorr |
| 0.98 | IUSV | iShares Core SP | PairCorr |
| 0.97 | NOBL | ProShares SP 500 | PairCorr |
| 0.82 | DSJA | DSJA | PairCorr |
| 0.84 | RSPY | Tuttle Capital Management | PairCorr |
| 0.94 | MPAY | Akros Monthly Payout | PairCorr |
| 0.96 | ITDD | Ishares Lifepath Target | PairCorr |
| 0.76 | CIRC | JPMorgan | PairCorr |
| 0.88 | AXP | American Express Earnings Call Today | PairCorr |
| 0.98 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
Moving against Vanguard Etf
| 0.55 | MCD | McDonalds Report 23rd of April 2024 | PairCorr |
| 0.66 | BA | Boeing Earnings Call This Week | PairCorr |
| 0.42 | INTC | Intel Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Vanguard Value Constituents Risk-Adjusted Indicators
There is a big difference between Vanguard Etf performing well and Vanguard Value ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Vanguard Value's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VUG | 0.76 | 0.02 | 0.02 | 0.07 | 0.76 | 1.63 | 5.06 | |||
| VBR | 0.71 | 0.03 | (0.01) | 0.14 | 1.04 | 1.45 | 4.41 | |||
| VOE | 0.56 | 0.04 | (0.02) | (3.44) | 0.78 | 1.20 | 3.46 | |||
| VB | 0.80 | 0.03 | (0.01) | 0.14 | 1.09 | 1.56 | 4.35 | |||
| VEA | 0.49 | 0.04 | (0.01) | 0.35 | 0.59 | 1.10 | 2.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Vanguard Value without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Already Invested in Vanguard Value Index?
The danger of trading Vanguard Value Index is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Vanguard Value is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Vanguard Value. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vanguard Value Index is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Vanguard Value Index is a strong investment it is important to analyze Vanguard Value's 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 Value's future performance. For an informed investment choice regarding Vanguard Etf, refer to the following important reports: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Value Index. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of Vanguard Value 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 Value's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Value'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 Value's market value can be influenced by many factors that don't directly affect Vanguard Value'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 Value's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Value is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Value'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.