Vaneck Fallen Angel Etf Market Value
| ANGL Etf | USD 28.31 0.10 0.35% |
| Symbol | VanEck |
The market value of VanEck Fallen Angel 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 Fallen's value that differs from its market value or its book value, called intrinsic value, which is VanEck Fallen'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 Fallen's market value can be influenced by many factors that don't directly affect VanEck Fallen'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 Fallen's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Fallen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Fallen'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 Fallen '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 Fallen'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 Fallen.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in VanEck Fallen on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Fallen Angel or generate 0.0% return on investment in VanEck Fallen over 30 days. VanEck Fallen is related to or competes with Invesco Senior, and SPDR Blackstone. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Fallen 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 Fallen'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 Fallen Angel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 0.4574 |
VanEck Fallen Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Fallen's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Fallen's standard deviation. In reality, there are many statistical measures that can use VanEck Fallen historical prices to predict the future VanEck Fallen's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Fallen'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 Fallen Angel Backtested Returns
VanEck Fallen Angel owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0225, which indicates the etf had a -0.0225% return per unit of risk over the last 3 months. VanEck Fallen Angel exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Fallen's Variance of 0.1011, risk adjusted performance of (0.03), and Coefficient Of Variation of (2,693) to confirm the risk estimate we provide. The entity has a beta of 0.37, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VanEck Fallen's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Fallen is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
VanEck Fallen Angel has modest predictability. Overlapping area represents the amount of predictability between VanEck Fallen 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 VanEck Fallen Angel price movement. The serial correlation of 0.51 indicates that about 51.0% of current VanEck Fallen price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
VanEck Fallen Angel lagged returns against current returns
Autocorrelation, which is VanEck Fallen 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 Fallen's etf expected returns. We can calculate the autocorrelation of VanEck Fallen returns to help us make a trade decision. For example, suppose you find that VanEck Fallen 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 Fallen 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 Fallen etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Fallen etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Fallen etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Fallen Lagged Returns
When evaluating VanEck Fallen's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Fallen etf have on its future price. VanEck Fallen 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 Fallen autocorrelation shows the relationship between VanEck Fallen etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Fallen Angel.
Regressed Prices |
| Timeline |
Pair Trading with VanEck Fallen
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if VanEck Fallen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VanEck Fallen will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
| 0.86 | HYG | iShares iBoxx High | PairCorr |
| 0.75 | USHY | iShares Broad USD | PairCorr |
| 0.76 | JNK | SPDR Bloomberg High | PairCorr |
| 0.67 | SHYG | iShares 0 5 | PairCorr |
| 0.84 | HYLB | Xtrackers USD High | PairCorr |
The ability to find closely correlated positions to VanEck Fallen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck Fallen 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 VanEck Fallen - 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 VanEck Fallen Angel to buy it.
The correlation of VanEck Fallen 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 VanEck Fallen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Fallen Angel 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.
Correlation analysis and pair trading evaluation for VanEck Fallen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out VanEck Fallen Correlation, VanEck Fallen Volatility and VanEck Fallen Alpha and Beta module to complement your research on VanEck Fallen. Note that the VanEck Fallen Angel information on this page should be used as a complementary analysis to other VanEck Fallen'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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
VanEck Fallen 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.