Vaneck Indonesia Index Etf Market Value
| IDX Etf | USD 15.95 0.01 0.06% |
| Symbol | VanEck |
The market value of VanEck Indonesia Index 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 Indonesia's value that differs from its market value or its book value, called intrinsic value, which is VanEck Indonesia'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 Indonesia's market value can be influenced by many factors that don't directly affect VanEck Indonesia'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 Indonesia's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Indonesia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Indonesia'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 Indonesia '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 Indonesia'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 Indonesia.
| 01/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in VanEck Indonesia on January 17, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Indonesia Index or generate 0.0% return on investment in VanEck Indonesia over 90 days. VanEck Indonesia is related to or competes with Morningstar Unconstrained, Thrivent High, High-yield Municipal, Via Renewables, and T Rowe. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More
VanEck Indonesia 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 Indonesia'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 Indonesia Index upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 4.87 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.49 |
VanEck Indonesia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Indonesia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Indonesia's standard deviation. In reality, there are many statistical measures that can use VanEck Indonesia historical prices to predict the future VanEck Indonesia's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Indonesia'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 Indonesia Index Backtested Returns
VanEck Indonesia Index owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0256, which indicates the etf had a -0.0256% return per unit of risk over the last 3 months. VanEck Indonesia Index exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Indonesia's Variance of 0.9887, risk adjusted performance of (0.03), and Coefficient Of Variation of (1,817) to confirm the risk estimate we provide. The entity has a beta of 0.86, which indicates possible diversification benefits within a given portfolio. VanEck Indonesia returns are very sensitive to returns on the market. As the market goes up or down, VanEck Indonesia is expected to follow.
Auto-correlation | -0.42 |
Modest reverse predictability
VanEck Indonesia Index has modest reverse predictability. Overlapping area represents the amount of predictability between VanEck Indonesia time series from 17th of January 2024 to 2nd of March 2024 and 2nd of March 2024 to 16th 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 Indonesia Index price movement. The serial correlation of -0.42 indicates that just about 42.0% of current VanEck Indonesia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
VanEck Indonesia Index lagged returns against current returns
Autocorrelation, which is VanEck Indonesia 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 Indonesia's etf expected returns. We can calculate the autocorrelation of VanEck Indonesia returns to help us make a trade decision. For example, suppose you find that VanEck Indonesia 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 Indonesia 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 Indonesia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Indonesia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Indonesia etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Indonesia Lagged Returns
When evaluating VanEck Indonesia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Indonesia etf have on its future price. VanEck Indonesia 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 Indonesia autocorrelation shows the relationship between VanEck Indonesia etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Indonesia Index.
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 VanEck Indonesia 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, VanEck Indonesia's short interest history, or implied volatility extrapolated from VanEck Indonesia options trading.
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Try AI Portfolio ArchitectCheck out VanEck Indonesia Correlation, VanEck Indonesia Volatility and VanEck Indonesia Alpha and Beta module to complement your research on VanEck Indonesia. Note that the VanEck Indonesia Index information on this page should be used as a complementary analysis to other VanEck Indonesia'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
VanEck Indonesia 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.