Vaneck Gold Miners Etf Market Value
| GDX Etf | USD 36.65 1.01 2.68% |
| Symbol | VanEck |
The market value of VanEck Gold Miners 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is VanEck Gold'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 Gold's market value can be influenced by many factors that don't directly affect VanEck Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Gold'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.
VanEck Gold '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 VanEck Gold'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 VanEck Gold.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in VanEck Gold on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding VanEck Gold Miners or generate 0.0% return on investment in VanEck Gold over 390 days. VanEck Gold is related to or competes with VanEck Junior, IShares Silver, SPDR Gold, Newmont Goldcorp, and Direxion Daily. The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies ... More
VanEck Gold 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 VanEck Gold'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 VanEck Gold Miners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.01 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 10.74 | |||
| Value At Risk | (3.07) | |||
| Potential Upside | 2.96 |
VanEck Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VanEck Gold's standard deviation. In reality, there are many statistical measures that can use VanEck Gold historical prices to predict the future VanEck Gold's volatility.| Risk Adjusted Performance | 0.0176 | |||
| Jensen Alpha | 0.0381 | |||
| Total Risk Alpha | (0.26) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.12) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of VanEck Gold'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.
VanEck Gold Miners Backtested Returns
VanEck Gold Miners owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0578, which indicates the etf had a -0.0578% return per unit of risk over the last 3 months. VanEck Gold Miners exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Gold's Semi Deviation of 1.97, risk adjusted performance of 0.0176, and Coefficient Of Variation of 6514.03 to confirm the risk estimate we provide. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VanEck Gold are expected to decrease at a much lower rate. During the bear market, VanEck Gold is likely to outperform the market.
Auto-correlation | 0.21 |
Weak predictability
VanEck Gold Miners has weak predictability. Overlapping area represents the amount of predictability between VanEck Gold time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 VanEck Gold Miners price movement. The serial correlation of 0.21 indicates that over 21.0% of current VanEck Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 5.9 |
VanEck Gold Miners lagged returns against current returns
Autocorrelation, which is VanEck Gold 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 VanEck Gold's etf expected returns. We can calculate the autocorrelation of VanEck Gold returns to help us make a trade decision. For example, suppose you find that VanEck Gold 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 |
VanEck Gold 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 VanEck Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VanEck Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VanEck Gold etf over time.
Current vs Lagged Prices |
| Timeline |
VanEck Gold Lagged Returns
When evaluating VanEck Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VanEck Gold etf have on its future price. VanEck Gold 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, VanEck Gold autocorrelation shows the relationship between VanEck Gold etf current value and its past values and can show if there is a momentum factor associated with investing in VanEck Gold Miners.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether VanEck Gold Miners offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Gold Miners Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Gold Miners Etf:Check out VanEck Gold Correlation, VanEck Gold Volatility and VanEck Gold Alpha and Beta module to complement your research on VanEck Gold. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
VanEck Gold 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.