Vident Core Bond Etf Market Value
| VBND Etf | USD 43.60 0.10 0.23% |
| Symbol | Vident |
The market value of Vident Core Bond is measured differently than its book value, which is the value of Vident that is recorded on the company's balance sheet. Investors also form their own opinion of Vident Core's value that differs from its market value or its book value, called intrinsic value, which is Vident Core'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 Vident Core's market value can be influenced by many factors that don't directly affect Vident Core'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 Vident Core's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vident Core is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vident Core'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.
Vident Core '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 Vident Core'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 Vident Core.
| 06/26/2024 |
| 07/26/2024 |
If you would invest 0.00 in Vident Core on June 26, 2024 and sell it all today you would earn a total of 0.00 from holding Vident Core Bond or generate 0.0% return on investment in Vident Core over 30 days. Vident Core is related to or competes with Vident Core, Vident International, Invesco Variable, FlexShares Credit, and First Trust. Under normal circumstances, at least 80 percent of the funds total assets will be invested in the component securities o... More
Vident Core 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 Vident Core'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 Vident Core Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3296 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 1.33 | |||
| Value At Risk | (0.48) | |||
| Potential Upside | 0.49 |
Vident Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vident Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vident Core's standard deviation. In reality, there are many statistical measures that can use Vident Core historical prices to predict the future Vident Core's volatility.| Risk Adjusted Performance | 0.0906 | |||
| Jensen Alpha | 0.0272 | |||
| Total Risk Alpha | 0.0108 | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1997 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vident Core'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.
Vident Core Bond Backtested Returns
At this point, Vident Core is very steady. Vident Core Bond owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Vident Core Bond, which you can use to evaluate the volatility of the etf. Please validate Vident Core's Coefficient Of Variation of 645.31, risk adjusted performance of 0.0906, and Semi Deviation of 0.2019 to confirm if the risk estimate we provide is consistent with the expected return of 0.0471%. The entity has a beta of 0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vident Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vident Core is expected to be smaller as well.
Auto-correlation | -0.61 |
Very good reverse predictability
Vident Core Bond has very good reverse predictability. Overlapping area represents the amount of predictability between Vident Core time series from 26th of June 2024 to 11th of July 2024 and 11th of July 2024 to 26th of July 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 Vident Core Bond price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Vident Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Vident Core Bond lagged returns against current returns
Autocorrelation, which is Vident Core 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 Vident Core's etf expected returns. We can calculate the autocorrelation of Vident Core returns to help us make a trade decision. For example, suppose you find that Vident Core 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 |
Vident Core 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 Vident Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vident Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vident Core etf over time.
Current vs Lagged Prices |
| Timeline |
Vident Core Lagged Returns
When evaluating Vident Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vident Core etf have on its future price. Vident Core 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, Vident Core autocorrelation shows the relationship between Vident Core etf current value and its past values and can show if there is a momentum factor associated with investing in Vident Core Bond.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Information and Resources on Investing in Vident Etf
When determining whether Vident Core Bond is a strong investment it is important to analyze Vident Core's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Vident Core's future performance. For an informed investment choice regarding Vident Etf, refer to the following important reports:Check out Vident Core Correlation, Vident Core Volatility and Vident Core Alpha and Beta module to complement your research on Vident Core. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Vident Core 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.