Vanguard Multifactor Etf Market Value
| VFMF Etf | USD 119.44 0.58 0.49% |
| Symbol | Vanguard |
The market value of Vanguard Multifactor 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 Multifactor's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Multifactor'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 Multifactor's market value can be influenced by many factors that don't directly affect Vanguard Multifactor'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 Multifactor's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Multifactor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Multifactor'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 Multifactor '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 Multifactor'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 Multifactor.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Vanguard Multifactor on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Multifactor or generate 0.0% return on investment in Vanguard Multifactor over 30 days. Vanguard Multifactor is related to or competes with Vanguard Momentum, Vanguard Value, and Vanguard. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S More
Vanguard Multifactor 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 Multifactor'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 Multifactor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8881 | |||
| Information Ratio | 0.0237 | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (1.31) | |||
| Potential Upside | 1.29 |
Vanguard Multifactor Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Multifactor's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Multifactor's standard deviation. In reality, there are many statistical measures that can use Vanguard Multifactor historical prices to predict the future Vanguard Multifactor's volatility.| Risk Adjusted Performance | 0.0804 | |||
| Jensen Alpha | 0.0078 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.022 | |||
| Treynor Ratio | 0.0821 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Multifactor'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 Multifactor Backtested Returns
We consider Vanguard Multifactor very steady. Vanguard Multifactor owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0848, which indicates the etf had a 0.0848% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vanguard Multifactor, which you can use to evaluate the volatility of the etf. Please validate Vanguard Multifactor's Coefficient Of Variation of 785.73, semi deviation of 0.7611, and Risk Adjusted Performance of 0.0804 to confirm if the risk estimate we provide is consistent with the expected return of 0.0686%. The entity has a beta of 1.16, 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, Vanguard Multifactor will likely underperform.
Auto-correlation | 0.06 |
Virtually no predictability
Vanguard Multifactor has virtually no predictability. Overlapping area represents the amount of predictability between Vanguard Multifactor 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 Multifactor price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Vanguard Multifactor price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 5.18 |
Vanguard Multifactor lagged returns against current returns
Autocorrelation, which is Vanguard Multifactor 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 Multifactor's etf expected returns. We can calculate the autocorrelation of Vanguard Multifactor returns to help us make a trade decision. For example, suppose you find that Vanguard Multifactor 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 Multifactor 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 Multifactor etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Multifactor etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Multifactor etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard Multifactor Lagged Returns
When evaluating Vanguard Multifactor's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Multifactor etf have on its future price. Vanguard Multifactor 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 Multifactor autocorrelation shows the relationship between Vanguard Multifactor etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Multifactor.
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 Multifactor 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 Multifactor's short interest history, or implied volatility extrapolated from Vanguard Multifactor options trading.
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 Multifactor is a strong investment it is important to analyze Vanguard Multifactor'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 Multifactor's future performance. For an informed investment choice regarding Vanguard Etf, refer to the following important reports:Check out Vanguard Multifactor Correlation, Vanguard Multifactor Volatility and Vanguard Multifactor Alpha and Beta module to complement your research on Vanguard Multifactor. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Vanguard Multifactor 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.