VanEck Gold Price To Book vs. Equity Positions Weight
| GDX Etf | USD 36.65 1.01 2.68% |
For VanEck Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of VanEck Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well VanEck Gold Miners utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between VanEck Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of VanEck Gold Miners over time as well as its relative position and ranking within its peers.
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 Miners Equity Positions Weight vs. Price To Book Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining VanEck Gold's current stock value. Our valuation model uses many indicators to compare VanEck Gold value to that of its competitors to determine the firm's financial worth. VanEck Gold Miners is one of the top ETFs in price to book as compared to similar ETFs. It also is one of the top ETFs in equity positions weight as compared to similar ETFs making about 79.05 of Equity Positions Weight per Price To Book. 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 Gold's earnings, one of the primary drivers of an investment's value.VanEck Equity Positions Weight vs. Price To Book
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.
VanEck Gold |
| = | 1.27 X |
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.
Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
VanEck Gold |
| = | 100.39 % |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
VanEck Equity Positions Weight Comparison
VanEck Gold is currently under evaluation in equity positions weight as compared to similar ETFs.
VanEck Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in VanEck Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, VanEck Gold will eventually generate negative long term returns. The profitability progress is the general direction of VanEck Gold's change in net profit over the period of time. It can combine multiple indicators of VanEck Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. Vaneck Gold is traded on NYSEARCA Exchange in the United States.
VanEck Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on VanEck Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of VanEck Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the VanEck Gold's important profitability drivers and their relationship over time.
Use VanEck Gold in pair-trading
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 Gold 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 Gold will appreciate offsetting losses from the drop in the long position's value.VanEck Gold Pair Trading
VanEck Gold Miners Pair Trading Analysis
The ability to find closely correlated positions to VanEck Gold 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 Gold 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 Gold - 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 Gold Miners to buy it.
The correlation of VanEck Gold 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 Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Gold Miners 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 Gold 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.Use Investing Themes to Complement your VanEck Gold position
In addition to having VanEck Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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World Allocation Funds
Funds or Etfs investing in stocks, bonds, and cash of domestic markets as well as in markets of Canada, Japan, and Europe. The World Allocation Funds theme has 44 constituents at this time.
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To fully project VanEck Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of VanEck Gold Miners at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include VanEck Gold's income statement, its balance sheet, and the statement of cash flows.