Vanguard Mid Cap Index Etf Market Value
VO Etf | USD 249.30 3.56 1.45% |
Symbol | Vanguard |
The market value of Vanguard Mid-Cap Index 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 Mid's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Mid'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 Mid's market value can be influenced by many factors that don't directly affect Vanguard Mid'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 Mid's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Mid is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Mid'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 Mid '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 Mid'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 Mid.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Vanguard Mid on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Vanguard Mid Cap Index or generate 0.0% return on investment in Vanguard Mid over 30 days. Vanguard Mid is related to or competes with Davis Select, Dimensional ETF, Principal Value, Vanguard Small, SPDR SP, and SPDR SP. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Index, a broad... More
Vanguard Mid 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 Mid'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 Mid Cap Index upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.7491 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 3.11 | |||
Value At Risk | (0.99) | |||
Potential Upside | 1.27 |
Vanguard Mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Vanguard Mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Vanguard Mid's standard deviation. In reality, there are many statistical measures that can use Vanguard Mid historical prices to predict the future Vanguard Mid's volatility.Risk Adjusted Performance | 0.1016 | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.04) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.0974 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Vanguard Mid'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 Mid-Cap Index Backtested Returns
We consider Vanguard Mid very steady. Vanguard Mid-Cap Index owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the etf had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Vanguard Mid Cap Index, which you can use to evaluate the volatility of the etf. Please validate Vanguard Mid's Semi Deviation of 0.5561, coefficient of variation of 558.34, and Risk Adjusted Performance of 0.1016 to confirm if the risk estimate we provide is consistent with the expected return of 0.12%. The entity has a beta of 1.2, 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, Vanguard Mid will likely underperform.
Auto-correlation | 0.68 |
Good predictability
Vanguard Mid Cap Index has good predictability. Overlapping area represents the amount of predictability between Vanguard Mid time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th 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 Vanguard Mid-Cap Index price movement. The serial correlation of 0.68 indicates that around 68.0% of current Vanguard Mid price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.68 | |
Spearman Rank Test | 0.86 | |
Residual Average | 0.0 | |
Price Variance | 5.75 |
Vanguard Mid-Cap Index lagged returns against current returns
Autocorrelation, which is Vanguard Mid 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 Mid's etf expected returns. We can calculate the autocorrelation of Vanguard Mid returns to help us make a trade decision. For example, suppose you find that Vanguard Mid 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 Mid 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 Mid etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Vanguard Mid etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Vanguard Mid etf over time.
Current vs Lagged Prices |
Timeline |
Vanguard Mid Lagged Returns
When evaluating Vanguard Mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Vanguard Mid etf have on its future price. Vanguard Mid 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 Mid autocorrelation shows the relationship between Vanguard Mid etf current value and its past values and can show if there is a momentum factor associated with investing in Vanguard Mid Cap Index.
Regressed Prices |
Timeline |
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Check out Vanguard Mid Correlation, Vanguard Mid Volatility and Vanguard Mid Alpha and Beta module to complement your research on Vanguard Mid. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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When running Vanguard Mid's price analysis, check to measure Vanguard Mid'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 Vanguard Mid is operating at the current time. Most of Vanguard Mid's value examination focuses on studying past and present price action to predict the probability of Vanguard Mid's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vanguard Mid's price. Additionally, you may evaluate how the addition of Vanguard Mid to your portfolios can decrease your overall portfolio volatility.
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