Vident International Equity Etf Market Value
VIDI Etf | USD 25.01 0.05 0.20% |
Symbol | Vident |
The market value of Vident International is measured differently than its book value, which is the value of Vident that is recorded on the company's balance sheet. Investors also form their own opinion of Vident International's value that differs from its market value or its book value, called intrinsic value, which is Vident International'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 Vident International's market value can be influenced by many factors that don't directly affect Vident International'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 Vident International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vident International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vident International'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.
Vident International '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 Vident International'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 Vident International.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Vident International on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Vident International Equity or generate 0.0% return on investment in Vident International over 30 days. Vident International is related to or competes with Boeing, SCOR PK, Franklin Strategic, Barloworld, Pinnacle Sherman, Small Cap, and Morningstar Unconstrained. Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities o... More
Vident International 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 Vident International'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 Vident International Equity upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.7918 | |||
Information Ratio | (0.13) | |||
Maximum Drawdown | 2.97 | |||
Value At Risk | (1.06) | |||
Potential Upside | 0.9796 |
Vident International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vident International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vident International's standard deviation. In reality, there are many statistical measures that can use Vident International historical prices to predict the future Vident International's volatility.Risk Adjusted Performance | 0.0388 | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.12) | |||
Sortino Ratio | (0.11) | |||
Treynor Ratio | 0.0367 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vident International'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.
Vident International Backtested Returns
We consider Vident International very steady. Vident International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0416, which indicates the etf had a 0.0416% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Vident International Equity, which you can use to evaluate the volatility of the etf. Please validate Vident International's Semi Deviation of 0.6662, coefficient of variation of 1497.19, and Risk Adjusted Performance of 0.0388 to confirm if the risk estimate we provide is consistent with the expected return of 0.0283%. The entity has a beta of 0.94, which indicates possible diversification benefits within a given portfolio. Vident International returns are very sensitive to returns on the market. As the market goes up or down, Vident International is expected to follow.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Vident International Equity has insignificant reverse predictability. Overlapping area represents the amount of predictability between Vident International time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Vident International price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Vident International price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.13 | |
Spearman Rank Test | 0.08 | |
Residual Average | 0.0 | |
Price Variance | 0.01 |
Vident International lagged returns against current returns
Autocorrelation, which is Vident International 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 Vident International's etf expected returns. We can calculate the autocorrelation of Vident International returns to help us make a trade decision. For example, suppose you find that Vident International 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 |
Vident International 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 Vident International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vident International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vident International etf over time.
Current vs Lagged Prices |
Timeline |
Vident International Lagged Returns
When evaluating Vident International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vident International etf have on its future price. Vident International 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, Vident International autocorrelation shows the relationship between Vident International etf current value and its past values and can show if there is a momentum factor associated with investing in Vident International Equity.
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 Vident International 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, Vident International's short interest history, or implied volatility extrapolated from Vident International options trading.
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Check out Vident International Correlation, Vident International Volatility and Vident International Alpha and Beta module to complement your research on Vident International. Note that the Vident International information on this page should be used as a complementary analysis to other Vident International's 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Vident Etf analysis
When running Vident International's price analysis, check to measure Vident International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Vident International is operating at the current time. Most of Vident International's value examination focuses on studying past and present price action to predict the probability of Vident International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vident International's price. Additionally, you may evaluate how the addition of Vident International to your portfolios can decrease your overall portfolio volatility.
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