Vaneck Preferred Securities Etf Market Value
| PFXF Etf | USD 17.17 0.01 0.06% |
| Symbol | VanEck |
The market value of VanEck Preferred Sec 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 Preferred's value that differs from its market value or its book value, called intrinsic value, which is VanEck Preferred'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 Preferred's market value can be influenced by many factors that don't directly affect VanEck Preferred'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 Preferred's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Preferred is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Preferred'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 Preferred '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 Preferred'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 Preferred.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in VanEck Preferred on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Preferred Securities or generate 0.0% return on investment in VanEck Preferred over 30 days. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Preferred 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 Preferred'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 Preferred Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7152 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.87 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 0.748 |
VanEck Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Preferred's standard deviation. In reality, there are many statistical measures that can use VanEck Preferred historical prices to predict the future VanEck Preferred's volatility.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.013 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Preferred'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 Preferred Sec Backtested Returns
VanEck Preferred Sec owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0038, which indicates the etf had a -0.0038% return per unit of risk over the last 3 months. VanEck Preferred Securities exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Preferred's Semi Deviation of 0.6483, coefficient of variation of 3185.81, and Risk Adjusted Performance of 0.0184 to confirm the risk estimate we provide. The entity has a beta of 0.58, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Preferred is expected to be smaller as well.
Auto-correlation | 0.83 |
Very good predictability
VanEck Preferred Securities has very good predictability. Overlapping area represents the amount of predictability between VanEck Preferred time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 Preferred Sec price movement. The serial correlation of 0.83 indicates that around 83.0% of current VanEck Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
VanEck Preferred Sec lagged returns against current returns
Autocorrelation, which is VanEck Preferred 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 Preferred's etf expected returns. We can calculate the autocorrelation of VanEck Preferred returns to help us make a trade decision. For example, suppose you find that VanEck Preferred 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 Preferred 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 Preferred etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Preferred etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Preferred etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Preferred Lagged Returns
When evaluating VanEck Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Preferred etf have on its future price. VanEck Preferred 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 Preferred autocorrelation shows the relationship between VanEck Preferred etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Preferred Securities.
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 VanEck Preferred 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 Preferred's short interest history, or implied volatility extrapolated from VanEck Preferred options trading.
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Check out VanEck Preferred Correlation, VanEck Preferred Volatility and VanEck Preferred Alpha and Beta module to complement your research on VanEck Preferred. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
VanEck Preferred 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.