Vanguard Ftse Developed Etf Market Value
| VEA Etf | USD 48.40 0.06 0.12% |
| Symbol | Vanguard |
The market value of Vanguard FTSE Developed is measured differently than its book value, which is the value of Vanguard that is recorded on the company's balance sheet. Investors also form their own opinion of Vanguard FTSE's value that differs from its market value or its book value, called intrinsic value, which is Vanguard FTSE'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 Vanguard FTSE's market value can be influenced by many factors that don't directly affect Vanguard FTSE'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 Vanguard FTSE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard FTSE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard FTSE'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.
Vanguard FTSE '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 Vanguard FTSE'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 Vanguard FTSE.
| 04/02/2024 |
| 05/02/2024 |
If you would invest 0.00 in Vanguard FTSE on April 2, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard FTSE Developed or generate 0.0% return on investment in Vanguard FTSE over 30 days. Vanguard FTSE is related to or competes with First Trust, First Trust, Invesco SP, and IShares MSCI. The fund employs an indexing investment approach designed to track the performance of the FTSE Developed All Cap ex US I... More
Vanguard FTSE 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 Vanguard FTSE'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 Vanguard FTSE Developed upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7664 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.98 | |||
| Value At Risk | (1.40) | |||
| Potential Upside | 1.1 |
Vanguard FTSE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard FTSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard FTSE's standard deviation. In reality, there are many statistical measures that can use Vanguard FTSE historical prices to predict the future Vanguard FTSE's volatility.| Risk Adjusted Performance | 0.0326 | |||
| Jensen Alpha | 0.0099 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0825 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard FTSE'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.
Vanguard FTSE Developed Backtested Returns
We consider Vanguard FTSE very steady. Vanguard FTSE Developed owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0571, which indicates the etf had a 0.0571% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Vanguard FTSE Developed, which you can use to evaluate the volatility of the etf. Please validate Vanguard FTSE's Semi Deviation of 0.6782, coefficient of variation of 2013.91, and Risk Adjusted Performance of 0.0326 to confirm if the risk estimate we provide is consistent with the expected return of 0.0392%. The entity has a beta of 0.3, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Vanguard FTSE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Vanguard FTSE is expected to be smaller as well.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Vanguard FTSE Developed has insignificant reverse predictability. Overlapping area represents the amount of predictability between Vanguard FTSE time series from 2nd of April 2024 to 17th of April 2024 and 17th of April 2024 to 2nd of May 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 Vanguard FTSE Developed price movement. The serial correlation of -0.18 indicates that over 18.0% of current Vanguard FTSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Vanguard FTSE Developed lagged returns against current returns
Autocorrelation, which is Vanguard FTSE 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 Vanguard FTSE's etf expected returns. We can calculate the autocorrelation of Vanguard FTSE returns to help us make a trade decision. For example, suppose you find that Vanguard FTSE 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 |
Vanguard FTSE 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 Vanguard FTSE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard FTSE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard FTSE etf over time.
Current vs Lagged Prices |
| Timeline |
Vanguard FTSE Lagged Returns
When evaluating Vanguard FTSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard FTSE etf have on its future price. Vanguard FTSE 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, Vanguard FTSE autocorrelation shows the relationship between Vanguard FTSE etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard FTSE Developed.
Regressed Prices |
| Timeline |
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Check out Vanguard FTSE Correlation, Vanguard FTSE Volatility and Vanguard FTSE Alpha and Beta module to complement your research on Vanguard FTSE. Note that the Vanguard FTSE Developed information on this page should be used as a complementary analysis to other Vanguard FTSE'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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Vanguard FTSE 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.