Vaneck Oil Refiners Etf Price on December 6, 2024
| CRAK Etf | USD 30.48 0.54 1.74% |
Below is the normalized historical share price chart for VanEck Oil Refiners extending back to August 19, 2015. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of VanEck Oil stands at 30.48, as last reported on the 13th of December 2024, with the highest price reaching 30.81 and the lowest price hitting 30.44 during the day.
If you're considering investing in VanEck Etf, it is important to understand the factors that can impact its price. VanEck Oil Refiners owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.18, which indicates the etf had a -0.18% return per unit of risk over the last 3 months. VanEck Oil Refiners exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Oil's Coefficient Of Variation of (731.93), risk adjusted performance of (0.1), and Variance of 0.7293 to confirm the risk estimate we provide.
VanEck Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 19.63 | 200 Day MA 35.0582 | 1 y Volatility 14.58 | 50 Day MA 32.1651 | Inception Date 2015-08-18 |
VanEck |
Sharpe Ratio = -0.1842
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| Negative Returns | CRAK |
Estimated Market Risk
| 0.85 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average VanEck Oil is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of VanEck Oil by adding VanEck Oil to a well-diversified portfolio.
Average Mkt Cap Mil 14.9 K |
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VanEck Oil Valuation on December 6, 2024
It is possible to determine the worth of VanEck Oil on a given historical date. On December 6, 2024 VanEck was worth 31.14 at the beginning of the trading date compared to the closed value of 30.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of VanEck Oil etf. Still, in general, we apply an absolute valuation method to find VanEck Oil's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of VanEck Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against VanEck Oil's related companies.
| Open | High | Low | Close | Volume | |
| 31.35 | 31.35 | 31.15 | 31.19 | 1,900 | |
12/06/2024 | 31.14 | 31.14 | 30.83 | 30.97 | 8,000 |
| 30.94 | 31.34 | 30.94 | 31.02 | 3,632 |
| Backtest VanEck Oil | | | VanEck Oil History | | | VanEck Oil Valuation | Previous | Next |
VanEck Oil Trading Date Momentum on December 6, 2024
| On December 09 2024 VanEck Oil Refiners was traded for 31.02 at the closing time. The top price for the day was 31.34 and the lowest listed price was 30.94 . The trading volume for the day was 3.6 K. The trading history from December 9, 2024 was a factor to the next trading day price upswing. The overall trading delta against the next closing price was 0.16% . The trading price change against the current closing price is 0.52% . |
VanEck Oil Refiners Fundamentals Correlations and Trends
By evaluating VanEck Oil's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among VanEck Oil's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. VanEck financial account trend analysis is a perfect complement when working with valuation or volatility modules.About VanEck Oil Etf history
VanEck Oil investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for VanEck is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in VanEck Oil Refiners will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing VanEck Oil stock prices may prove useful in developing a viable investing in VanEck Oil
VanEck Oil Etf Technical Analysis
VanEck Oil 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.
Price Boundaries
VanEck Oil Period Price Range
Low | December 13, 2024
| High |
0.00 | 0.00 |
VanEck Oil Refiners cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
VanEck Oil December 13, 2024 Market Strength
Market strength indicators help investors to evaluate how VanEck Oil etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading VanEck Oil shares will generate the highest return on investment. By undertsting and applying VanEck Oil etf market strength indicators, traders can identify VanEck Oil Refiners entry and exit signals to maximize returns
VanEck Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for VanEck Oil's price direction in advance. Along with the technical and fundamental analysis of VanEck Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of VanEck to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.35) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VanEck Oil Refiners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of VanEck Oil Refiners 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 Oil's value that differs from its market value or its book value, called intrinsic value, which is VanEck Oil'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 VanEck Oil's market value can be influenced by many factors that don't directly affect VanEck Oil'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 VanEck Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Oil'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.