Vaneck Digital Transformation Etf Market Value
| DAPP Etf | USD 12.56 0.17 1.34% |
| Symbol | VanEck |
The market value of VanEck Digital Trans 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 Digital's value that differs from its market value or its book value, called intrinsic value, which is VanEck Digital'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 Digital's market value can be influenced by many factors that don't directly affect VanEck Digital'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 Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Digital'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 Digital '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 Digital'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 Digital.
| 05/21/2024 |
| 06/20/2024 |
If you would invest 0.00 in VanEck Digital on May 21, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Digital Transformation or generate 0.0% return on investment in VanEck Digital over 30 days. VanEck Digital is related to or competes with ProShares Bitcoin, Fidelity Crypto, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. The fund normally invests at least 80 percent of its total assets in securities of Digital Transformation Companies More
VanEck Digital 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 Digital'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 Digital Transformation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.7 | |||
| Information Ratio | 0.0834 | |||
| Maximum Drawdown | 21.21 | |||
| Value At Risk | (6.06) | |||
| Potential Upside | 7.93 |
VanEck Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Digital's standard deviation. In reality, there are many statistical measures that can use VanEck Digital historical prices to predict the future VanEck Digital's volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | 0.3442 | |||
| Total Risk Alpha | 0.3371 | |||
| Sortino Ratio | 0.0943 | |||
| Treynor Ratio | 0.1068 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Digital'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 Digital Trans Backtested Returns
VanEck Digital appears to be somewhat reliable, given 3 months investment horizon. VanEck Digital Trans owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0813, which indicates the etf had a 0.0813% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Digital Transformation, which you can use to evaluate the volatility of the etf. Please review VanEck Digital's Semi Deviation of 3.47, coefficient of variation of 1159.44, and Risk Adjusted Performance of 0.0623 to confirm if our risk estimates are consistent with your expectations. The entity has a beta of 3.29, 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, VanEck Digital will likely underperform.
Auto-correlation | 0.32 |
Below average predictability
VanEck Digital Transformation has below average predictability. Overlapping area represents the amount of predictability between VanEck Digital time series from 21st of May 2024 to 5th of June 2024 and 5th of June 2024 to 20th of June 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 Digital Trans price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current VanEck Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
VanEck Digital Trans lagged returns against current returns
Autocorrelation, which is VanEck Digital 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 Digital's etf expected returns. We can calculate the autocorrelation of VanEck Digital returns to help us make a trade decision. For example, suppose you find that VanEck Digital 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 Digital 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 Digital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Digital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Digital etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Digital Lagged Returns
When evaluating VanEck Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Digital etf have on its future price. VanEck Digital 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 Digital autocorrelation shows the relationship between VanEck Digital etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Digital Transformation.
Regressed Prices |
| Timeline |
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When determining whether VanEck Digital Trans is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if VanEck Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Vaneck Digital Transformation Etf. Highlighted below are key reports to facilitate an investment decision about Vaneck Digital Transformation Etf:Check out VanEck Digital Correlation, VanEck Digital Volatility and VanEck Digital Alpha and Beta module to complement your research on VanEck Digital. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
VanEck Digital 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.