VanEck Gold Three Year Return vs. Net Asset
| 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 Net Asset vs. Three Year Return 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 three year return as compared to similar ETFs. It also is one of the top ETFs in net asset as compared to similar ETFs making up about 1,027,472,527 of Net Asset per Three Year Return. 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 Net Asset vs. Three Year Return
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
VanEck Gold |
| = | 9.10 % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
VanEck Gold |
| = | 9.35 B |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
VanEck Net Asset Comparison
VanEck Gold is currently under evaluation in net asset 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?
Run Convertibles Funds Thematic Idea Now
Convertibles Funds
Funds or Etfs that invest in debt that is expected to be converted into a predetermined amount of the company equity at some future date. The Convertibles Funds theme has 12 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Convertibles Funds Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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.