Vaneck Oil Services Etf Market Value

OIH Etf  USD 336.33  1.06  0.32%   
VanEck Oil's market value is the price at which a share of VanEck Oil trades on a public exchange. It measures the collective expectations of VanEck Oil Services investors about its performance. VanEck Oil is trading at 336.33 as of the 29th of March 2024. This is a 0.32% increase since the beginning of the trading day. The etf's open price was 335.27.
With this module, you can estimate the performance of a buy and hold strategy of VanEck Oil Services and determine expected loss or profit from investing in VanEck Oil over a given investment horizon. Check out VanEck Oil Correlation, VanEck Oil Volatility and VanEck Oil Alpha and Beta module to complement your research on VanEck Oil.
Symbol

The market value of VanEck Oil Services 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 Oil's value that differs from its market value or its book value, called intrinsic value, which is VanEck Oil'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 Oil's market value can be influenced by many factors that don't directly affect VanEck Oil'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 Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Oil'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 Oil '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 Oil'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 Oil.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in VanEck Oil on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding VanEck Oil Services or generate 0.0% return on investment in VanEck Oil over 30 days. VanEck Oil is related to or competes with IShares Global. The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index More

VanEck Oil 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 Oil'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 Oil Services upside and downside potential and time the market with a certain degree of confidence.

VanEck Oil Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Oil's standard deviation. In reality, there are many statistical measures that can use VanEck Oil historical prices to predict the future VanEck Oil's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Oil'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.
Hype
Prediction
LowEstimatedHigh
334.97336.33337.69
Details
Intrinsic
Valuation
LowRealHigh
328.25329.61369.96
Details
Naive
Forecast
LowNextHigh
330.00331.36332.72
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
289.95317.10344.25
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as VanEck Oil. Your research has to be compared to or analyzed against VanEck Oil's peers to derive any actionable benefits. When done correctly, VanEck Oil's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in VanEck Oil Services.

VanEck Oil Services Backtested Returns

We consider VanEck Oil very steady. VanEck Oil Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for VanEck Oil Services, which you can use to evaluate the volatility of the etf. Please validate VanEck Oil's Risk Adjusted Performance of 0.0552, coefficient of variation of 1129.03, and Semi Deviation of 1.32 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. The entity has a beta of 1.19, 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 Oil will likely underperform.

Auto-correlation

    
  0.73  

Good predictability

VanEck Oil Services has good predictability. Overlapping area represents the amount of predictability between VanEck Oil time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th 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 VanEck Oil Services price movement. The serial correlation of 0.73 indicates that around 73.0% of current VanEck Oil price fluctuation can be explain by its past prices.
Correlation Coefficient0.73
Spearman Rank Test0.75
Residual Average0.0
Price Variance22.35

VanEck Oil Services lagged returns against current returns

Autocorrelation, which is VanEck Oil 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 Oil's etf expected returns. We can calculate the autocorrelation of VanEck Oil returns to help us make a trade decision. For example, suppose you find that VanEck Oil 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 Oil 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 Oil etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Oil etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Oil etf over time.
   Current vs Lagged Prices   
       Timeline  

VanEck Oil Lagged Returns

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

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When determining whether VanEck Oil Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Oil's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Oil Services Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Oil Services Etf:
Check out VanEck Oil Correlation, VanEck Oil Volatility and VanEck Oil Alpha and Beta module to complement your research on VanEck Oil.
You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

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When running VanEck Oil's price analysis, check to measure VanEck Oil'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 Oil is operating at the current time. Most of VanEck Oil's value examination focuses on studying past and present price action to predict the probability of VanEck Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VanEck Oil's price. Additionally, you may evaluate how the addition of VanEck Oil to your portfolios can decrease your overall portfolio volatility.
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VanEck Oil 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.
A focus of VanEck Oil technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of VanEck Oil 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...