VanEck Agribusiness Financial Statements From 2010 to 2024
| MOO Etf | USD 72.06 0.11 0.15% |
Check VanEck Agribusiness financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among VanEck Agribusiness' main balance sheet or income statement drivers, such as , as well as many indicators such as . VanEck financial statements analysis is a perfect complement when working with VanEck Agribusiness Valuation or Volatility modules.
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VanEck Agribusiness ETF ETF Price To Book Analysis
VanEck Agribusiness' Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current VanEck Agribusiness Price To Book | 2.19 X |
Most of VanEck Agribusiness' fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, VanEck Agribusiness ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Based on the latest financial disclosure, VanEck Agribusiness ETF has a Price To Book of 2.19 times. This is much higher than that of the VanEck family and significantly higher than that of the Natural Resources category. The price to book for all United States etfs is notably lower than that of the firm.
VanEck Agribusiness ETF Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining VanEck Agribusiness's current stock value. Our valuation model uses many indicators to compare VanEck Agribusiness value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across VanEck Agribusiness competition to find correlations between indicators driving VanEck Agribusiness's intrinsic value. More Info.VanEck Agribusiness ETF is regarded second largest ETF in price to earning as compared to similar ETFs. It is rated number one ETF in price to book as compared to similar ETFs fabricating about 0.40 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for VanEck Agribusiness ETF is roughly 2.51 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the VanEck Agribusiness' earnings, one of the primary drivers of an investment's value.About VanEck Agribusiness Financial Statements
VanEck Agribusiness investors utilize fundamental indicators, such as revenue or net income, to predict how VanEck Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index. Vaneck Agribusiness is traded on NYSEARCA Exchange in the United States.
Pair Trading with VanEck Agribusiness
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 VanEck Agribusiness 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 VanEck Agribusiness will appreciate offsetting losses from the drop in the long position's value.Moving against VanEck Etf
| 0.66 | CONL | GraniteShares ETF Trust | PairCorr |
| 0.63 | CRPT | First Trust SkyBridge | PairCorr |
| 0.63 | DAPP | VanEck Digital Trans | PairCorr |
| 0.63 | DPST | Direxion Daily Regional | PairCorr |
| 0.62 | BITX | Volatility Shares Trust | PairCorr |
The ability to find closely correlated positions to VanEck Agribusiness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck Agribusiness 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 VanEck Agribusiness - 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 VanEck Agribusiness ETF to buy it.
The correlation of VanEck Agribusiness 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 VanEck Agribusiness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Agribusiness ETF 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 VanEck Agribusiness 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 the analysis of VanEck Agribusiness Correlation against competitors. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of VanEck Agribusiness ETF 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 Agribusiness' value that differs from its market value or its book value, called intrinsic value, which is VanEck Agribusiness' 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 Agribusiness' market value can be influenced by many factors that don't directly affect VanEck Agribusiness' 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 Agribusiness' value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Agribusiness is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Agribusiness' 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.