Vaneck Oil Refiners Etf Alpha and Beta Analysis

CRAK Etf  USD 38.35  0.32  0.84%   
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as VanEck Oil Refiners. It also helps investors analyze the systematic and unsystematic risks associated with investing in VanEck Oil over a specified time horizon. Remember, high VanEck Oil's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to VanEck Oil's market risk premium analysis include:
Beta
0.8
Alpha
0.0647
Risk
0.81
Sharpe Ratio
0.24
Expected Return
0.19
Please note that although VanEck Oil alpha is a measure of relative return and represented here as a single number, it indicates the percentage above or below your selected benchmark (i.e., NYSE Composite index.) So in this particular case, VanEck Oil did 0.06  better than the index. Remember, a high alpha is always good. Beta, on the other hand, measures the volatility (or risk) of an investment. It is an indication of VanEck Oil Refiners etf's relative risk over its benchmark. VanEck Oil Refiners has a beta of 0.80  . As returns on the market increase, VanEck Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Oil is expected to be smaller as well. .
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
  
Check out VanEck Oil Backtesting, Portfolio Optimization, VanEck Oil Correlation, VanEck Oil Hype Analysis, VanEck Oil Volatility, VanEck Oil History and analyze VanEck Oil Performance.

VanEck Oil Market Premiums

Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. VanEck Oil market risk premium is the additional return an investor will receive from holding VanEck Oil long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in VanEck Oil. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate VanEck Oil's performance over market.
α0.06   β0.80

VanEck Oil expected buy-and-hold returns

Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of VanEck Oil's Buy-and-hold return. Our buy-and-hold chart shows how VanEck Oil performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.

VanEck Oil Market Price Analysis

Market price analysis 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 understating and applying VanEck Oil etf market price indicators, traders can identify VanEck Oil position entry and exit signals to maximize returns.

VanEck Oil Return and Market Media

The median price of VanEck Oil for the period between Sat, Dec 30, 2023 and Fri, Mar 29, 2024 is 35.47 with a coefficient of variation of 4.13. The daily time series for the period is distributed with a sample standard deviation of 1.46, arithmetic mean of 35.49, and mean deviation of 1.18. The Etf received some media coverage during the period.
 Price Growth (%)  
       Timeline  
1
Technical Data - Stock Traders Daily
01/17/2024
2
Energy Sector Strength Drill down With These Refinery Stocks investing.com - Investing.com
02/15/2024
3
Trading Advice - Stock Traders Daily
03/21/2024

About VanEck Oil Beta and Alpha

For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including VanEck or other etfs. Alpha measures the amount that position in VanEck Oil Refiners has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards VanEck Oil in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, VanEck Oil's short interest history, or implied volatility extrapolated from VanEck Oil options trading.

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Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.

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When determining whether VanEck Oil Refiners is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if VanEck Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Vaneck Oil Refiners Etf. Highlighted below are key reports to facilitate an investment decision about Vaneck Oil Refiners Etf:
Check out VanEck Oil Backtesting, Portfolio Optimization, VanEck Oil Correlation, VanEck Oil Hype Analysis, VanEck Oil Volatility, VanEck Oil History and analyze VanEck Oil Performance.
Note that the VanEck Oil Refiners information on this page should be used as a complementary analysis to other VanEck Oil's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Complementary Tools for VanEck Etf analysis

When running VanEck Oil's price analysis, check to measure VanEck Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy VanEck Oil is operating at the current time. Most of VanEck Oil's value examination focuses on studying past and present price action to predict the probability of VanEck Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VanEck Oil's price. Additionally, you may evaluate how the addition of VanEck Oil to your portfolios can decrease your overall portfolio volatility.
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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.
A focus of VanEck Oil technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of VanEck Oil trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...