Vaneck Etf Market Value

BBH -  USA Etf  

USD 196.16  1.71  0.86%

Vaneck Biotech's market value is the price at which a share of Vaneck Biotech stock trades on a public exchange. It measures the collective expectations of Vaneck Biotech ETF investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Vaneck Biotech ETF and determine expected loss or profit from investing in Vaneck Biotech over a given investment horizon. Continue to Vaneck Biotech Hype Analysis, Vaneck Biotech Correlation, Portfolio Optimization, Vaneck Biotech Volatility, as well as analyze Vaneck Biotech Alpha and Beta and Vaneck Biotech Performance.
Symbol
Backtest

The market value of Vaneck Biotech ETF 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 Biotech's value that differs from its market value or its book value, called intrinsic value, which is Vaneck Biotech'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 Biotech's market value can be influenced by many factors that don't directly affect Vaneck Biotech ETF underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Vaneck Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine Vaneck Biotech value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vaneck Biotech'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 Biotech '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 Biotech'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 Biotech.
0.00
09/28/2020
No Change 0.00  0.0 
In 1 year and 26 days
10/23/2021
0.00
If you would invest  0.00  in Vaneck Biotech on September 28, 2020 and sell it all today you would earn a total of 0.00 from holding Vaneck Biotech ETF or generate 0.0% return on investment in Vaneck Biotech over 390 days. Vaneck Biotech is related to or competes with US Medical. The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of t...

Vaneck Biotech 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 Biotech'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 Biotech ETF upside and downside potential and time the market with a certain degree of confidence.

Vaneck Biotech Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Vaneck Biotech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vaneck Biotech's standard deviation. In reality, there are many statistical measures that can use Vaneck Biotech historical prices to predict the future Vaneck Biotech's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Vaneck Biotech'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. Please use the tools below to analyze the current value of Vaneck Biotech in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
194.68196.16197.64
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Intrinsic
Valuation
LowReal ValueHigh
177.03178.51215.78
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Naive
Forecast
LowNext ValueHigh
206.26207.74209.22
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Bollinger
Band Projection (param)
LowerMiddle BandUpper
188.75195.36201.97
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Vaneck Biotech. Your research has to be compared to or analyzed against Vaneck Biotech's peers to derive any actionable benefits. When done correctly, Vaneck Biotech's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Vaneck Biotech ETF.

Vaneck Biotech ETF Backtested Returns

Vaneck Biotech ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0304, which indicates the etf had -0.0304% of return per unit of risk over the last 3 months. Macroaxis standpoint towards measuring the risk of any etf is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Vaneck Biotech ETF exposes twenty-one different technical indicators, which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Vaneck Biotech risk adjusted performance of (0.023895), and Coefficient Of Variation of (2,425) to confirm the risk estimate we provide.
The entity has a beta of 0.2145, which indicates not very significant fluctuations relative to the market. Let's try to break down what Vaneck's beta means in this case. As returns on the market increase, Vaneck Biotech returns are expected to increase less than the market. However, during the bear market, the loss on holding Vaneck Biotech will be expected to be smaller as well. Even though it is essential to pay attention to Vaneck Biotech ETF current price movements, it is always good to be careful when utilizing equity historical returns. Our philosophy towards measuring any etf's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Vaneck Biotech ETF exposes twenty-one different technical indicators, which can help you to evaluate its performance.
AdviceVolatility TrendExposureCorrelations

Auto-correlation

    
   0.82   

Very good predictability

Vaneck Biotech ETF has very good predictability. Overlapping area represents the amount of predictability between Vaneck Biotech time series from 28th of September 2020 to 11th of April 2021 and 11th of April 2021 to 23rd of October 2021. 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 Biotech ETF price movement. The serial correlation of 0.82 indicates that around 82.0% of current Vaneck Biotech price fluctuation can be explain by its past prices.
Correlation Coefficient0.82
Spearman Rank Test0.52
Residual Average0.0
Price Variance172.61

Vaneck Biotech ETF lagged returns against current returns

Autocorrelation, which is Vaneck Biotech 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 Biotech's etf expected returns. We can calculate the autocorrelation of Vaneck Biotech returns to help us make a trade decision. For example, suppose you find that Vaneck Biotech etf has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
 Current and Lagged Values 
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      Timeline 

Vaneck Biotech 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 Biotech etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vaneck Biotech etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vaneck Biotech etf over time.
 Current vs Lagged Prices 
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      Timeline 

Vaneck Biotech Lagged Returns

When evaluating Vaneck Biotech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vaneck Biotech etf have on its future price. Vaneck Biotech 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 Biotech autocorrelation shows the relationship between Vaneck Biotech etf current value and its past values and can show if there is a momentum factor associated with investing in Vaneck Biotech ETF.
 Regressed Prices 
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      Timeline 

Vaneck Biotech Investors Sentiment

The influence of Vaneck Biotech's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Vaneck. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - BBH

Vaneck Biotech ETF Investor Sentiment

Greater number of Macroaxis users are currently bullish on Vaneck Biotech ETF. What is your outlook on investing in Vaneck Biotech ETF? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with Vaneck Biotech

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 Biotech 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 Biotech will appreciate offsetting losses from the drop in the long position's value.

Vaneck Biotech Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for Vaneck Biotech and US Medical Devices. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to Vaneck Biotech Hype Analysis, Vaneck Biotech Correlation, Portfolio Optimization, Vaneck Biotech Volatility, as well as analyze Vaneck Biotech Alpha and Beta and Vaneck Biotech Performance. Note that the Vaneck Biotech ETF information on this page should be used as a complementary analysis to other Vaneck Biotech'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Vaneck Etf analysis

When running Vaneck Biotech ETF price analysis, check to measure Vaneck Biotech'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 Vaneck Biotech is operating at the current time. Most of Vaneck Biotech's value examination focuses on studying past and present price action to predict the probability of Vaneck Biotech's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Vaneck Biotech's price. Additionally, you may evaluate how the addition of Vaneck Biotech to your portfolios can decrease your overall portfolio volatility.
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Vaneck Biotech 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, stock market cycles, or different charting patterns.
A focus of Vaneck Biotech technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Vaneck Biotech trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...