Andre Perold - Vanguard Health Independent Trustees
| VHT Etf | USD 267.11 0.12 0.04% |
Mr. Andre F. Perold is Independent Trustees of Vanguard Funds. He was George Gund Professor of Finance and Banking at the Harvard Business School Chair of the Investment Committee of HighVista Strategies LLC .
| Age | 66 |
| Tenure | 20 years |
| Issuer | Vanguard |
| Inception Date | 2004-01-26 |
| Benchmark | MSCI US Investable Market Health Care 25/50 Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 17.84 Billion |
| Average Trading Valume | 148,297 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Health Care |
| Market Concentration | Developed Markets |
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Vanguard Health Care Money Managers
| JoAnn Heisen, Independent Trustees | ||
| Emerson Fullwood, Independent Trustees | ||
| Heidi Stam, Secretary | ||
| Kathryn Hyatt, Treasurer | ||
| Alfred Rankin, Independent Trustees | ||
| F McNabb, Chairman of the Board of Trustee, President, Chief Executive Officer | ||
| Rajiv Gupta, Independent Trustees | ||
| Thomas Higgins, Chief Financial Officer | ||
| Amy Gutmann, Independent Trustees | ||
| F Loughrey, Independent Trustees | ||
| Peter Volanakis, Independent Trustees | ||
| Andre Perold, Independent Trustees |
Vanguard Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is Vanguard Health a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 6.10 X | |||
| Price To Book | 2.97 X | |||
| Price To Sales | 1.61 X | |||
| Gross Profit | 226.45 M | |||
| Earnings Per Share | 2.41 X | |||
| Number Of Employees | 12 | |||
| Beta | 0.73 | |||
| Market Capitalization | 13.45 B | |||
| Total Asset | 17.98 B | |||
| One Year Return | 11.00 % |
Pair Trading with Vanguard Health
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Vanguard Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Vanguard Health will appreciate offsetting losses from the drop in the long position's value.Moving together with Vanguard Etf
| 0.97 | XLV | Health Care Select | PairCorr |
| 0.93 | IBB | iShares Biotechnology ETF | PairCorr |
| 0.86 | XBI | SPDR SP Biotech Aggressive Push | PairCorr |
| 0.85 | IHI | iShares Medical Devices | PairCorr |
The ability to find closely correlated positions to Vanguard Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanguard Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vanguard Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vanguard Health Care to buy it.
The correlation of Vanguard Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vanguard Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanguard Health Care moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Vanguard Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vanguard Health Care. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Vanguard Health Care information on this page should be used as a complementary analysis to other Vanguard Health'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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Vanguard Health Care 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 Health's value that differs from its market value or its book value, called intrinsic value, which is Vanguard Health'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 Health's market value can be influenced by many factors that don't directly affect Vanguard Health'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 Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vanguard Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanguard Health'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.