Jeremy Neisewander - VanEck Biotech Van Eck ETF Portfolio Manager
BBH Etf | USD 151.99 1.02 0.67% |
Issuer | Van Eck |
Inception Date | 2011-12-20 |
Benchmark | Market Vectors US Listed Biotech 25 Index |
Entity Type | Regulated Investment Company |
Asset Under Management | 414.85 Million |
Average Trading Valume | 8,554.5 |
Asset Type | Equity |
Category | Sector |
Focus | Health Care |
Market Concentration | Developed Markets |
Similar Fund Executives
Showing other executives | One Year Return | ||
Campe Goodman | iShares Biotechnology ETF | N/A | |
Carlos Asilis | Invesco Dynamic Biotechnology | N/A | |
Tarak Dave | VanEck Retail ETF | N/A | |
Philip Lee | First Trust NYSE | N/A | |
Jeffrey Schwarte | First Trust NYSE | N/A | |
Ellen Lee | VanEck Retail ETF | N/A | |
David Braun | iShares Biotechnology ETF | N/A | |
Ronald Martin | VanEck Retail ETF | N/A | |
Robert Parker | VanEck Retail ETF | N/A | |
Andrea Roemhildt | Invesco Dynamic Biotechnology | N/A | |
Louis Ng | VanEck Pharmaceutical ETF | N/A | |
William Coleman | VanEck Pharmaceutical ETF | N/A | |
Petra Bakosova | iShares Biotechnology ETF | N/A | |
Brian Barney | iShares Biotechnology ETF | N/A | |
Orlando Purpura | iShares Biotechnology ETF | N/A | |
Michael Byrum | VanEck Retail ETF | N/A | |
Todd Brighton | iShares Biotechnology ETF | N/A | |
Dan Roberts | VanEck Retail ETF | N/A | |
Samim Abedi | VanEck Pharmaceutical ETF | N/A | |
Jeremiah Charles | VanEck Pharmaceutical ETF | N/A | |
Dustin Lewellyn | VanEck Retail ETF | N/A |
VanEck Biotech ETF Money Managers
Marques Mercier, Van Eck ETF Portfolio Manager | ||
Jason Callan, Van Eck ETF Portfolio Manager | ||
Kevin Ritter, Van Eck ETF Portfolio Manager | ||
Wilcox Chan, Van Eck ETF Portfolio Manager | ||
Ferian Juwono, Van Eck ETF Portfolio Manager | ||
Scott Baskind, Van Eck ETF Portfolio Manager | ||
Chris Peterson, Van Eck ETF Portfolio Manager | ||
Thomas Brussard, Van Eck ETF Portfolio Manager | ||
Frank Vallario, Van Eck ETF Portfolio Manager | ||
Ryan Harder, Van Eck ETF Portfolio Manager | ||
Brendan Sullivan, Van Eck ETF Portfolio Manager | ||
Adam Cohn, ETF Portfolio Manager | ||
Michael Feehily, Van Eck ETF Portfolio Manager | ||
James Mauro, Van Eck ETF Portfolio Manager | ||
Peter Spano, Van Eck ETF Portfolio Manager | ||
Joanna Mauro, Van Eck ETF Portfolio Manager | ||
Ryan Dofflemeyer, Van Eck ETF Portfolio Manager | ||
Jay Hatfield, ETF Portfolio Manager | ||
Stephanie Shu, Van Eck ETF Portfolio Manager | ||
Benjamin McAbee, Van Eck ETF Portfolio Manager | ||
Donald Butler, Van Eck ETF Portfolio Manager | ||
Ted Janowsky, Van Eck ETF Portfolio Manager | ||
Abhishek Kumar, Van Eck ETF Portfolio Manager | ||
James King, Van Eck ETF Portfolio Manager | ||
Devin Sullivan, Van Eck ETF Portfolio Manager | ||
David Young, Van Eck ETF Portfolio Manager | ||
James Stavena, Van Eck ETF Portfolio Manager | ||
Linda Killian, Van Eck ETF Portfolio Manager | ||
Laif Meidell, Van Eck ETF Portfolio Manager | ||
Charlotte Cipolletti, Van Eck ETF Portfolio Manager | ||
John Lewis, Van Eck ETF Portfolio Manager | ||
Louis Lu, ETF Portfolio Manager | ||
Christopher Orndorff, Van Eck ETF Portfolio Manager | ||
William Coleman, Van Eck ETF Portfolio Manager | ||
Donal Bishnoi, Van Eck ETF Portfolio Manager | ||
Christopher Lo, Van Eck ETF Portfolio Manager | ||
Philip Hornig, Vice Chairman of the Supervisory Board | ||
Julie Callahan, Van Eck ETF Portfolio Manager | ||
Joanna Madden, Van Eck ETF Portfolio Manager | ||
Paul Brigandi, Van Eck ETF Portfolio Manager | ||
David McGarel, Van Eck ETF Portfolio Manager | ||
Justin Hales, Van Eck ETF Portfolio Manager | ||
Rachel Ames, Van Eck ETF Portfolio Manager | ||
ChiaLiang Lian, Van Eck ETF Portfolio Manager | ||
Dan Ahrens, ETF Portfolio Manager | ||
Philip Fang, Van Eck ETF Portfolio Manager | ||
Teresa Zheng, ETF Portfolio Manager | ||
Matthew Brown, ETF Portfolio Manager | ||
Devin Ryder, ETF Portfolio Manager | ||
Jeffrey Kernagis, Van Eck ETF Portfolio Manager | ||
Michael Przygoda, Van Eck ETF Portfolio Manager | ||
Jonathan Nixon, Van Eck ETF Portfolio Manager | ||
Scott Hanson, Van Eck ETF Portfolio Manager | ||
Ted Randall, Van Eck ETF Portfolio Manager | ||
Hayley Peppers, Van Eck ETF Portfolio Manager | ||
Carl Pappo, Van Eck ETF Portfolio Manager | ||
Amy Scofield, Van Eck ETF Portfolio Manager | ||
Sabya Sinha, Van Eck ETF Portfolio Manager | ||
Greg Savage, Van Eck ETF Portfolio Manager | ||
Michael Chico, Van Eck ETF Portfolio Manager | ||
Lisa Hobart, Van Eck ETF Portfolio Manager | ||
Stephen Smitley, Van Eck ETF Portfolio Manager | ||
Mark McKissick, Van Eck ETF Portfolio Manager | ||
David Chin, Van Eck ETF Portfolio Manager | ||
Grant Jackson, Van Eck ETF Portfolio Manager | ||
Rolf Birkert, Member of the Management Board | ||
Benoit Autier, Van Eck ETF Portfolio Manager | ||
Joe Rodriguez, Van Eck ETF Portfolio Manager | ||
Daniel Hare, Van Eck ETF Portfolio Manager | ||
Tim Gramatovich, Van Eck ETF Portfolio Manager | ||
Vassilis Dagioglu, Van Eck ETF Portfolio Manager | ||
Louis Bottari, Van Eck ETF Portfolio Manager | ||
Laurie Brignac, Van Eck ETF Portfolio Manager | ||
Brian McGreevy, Van Eck ETF Portfolio Manager | ||
Patrick Bresnehan, Van Eck ETF Portfolio Manager | ||
Peter Zilver, Van Eck ETF Portfolio Manager | ||
Ian Carroll, Van Eck ETF Portfolio Manager | ||
Daniel Ong, Van Eck ETF Portfolio Manager | ||
John Kaprich, Van Eck ETF Portfolio Manager | ||
Thomas Durante, Van Eck ETF Portfolio Manager | ||
Karen Wong, Van Eck ETF Portfolio Manager | ||
Dave Flaherty, Van Eck ETF Portfolio Manager | ||
Mark Blackburn, Van Eck ETF Portfolio Manager | ||
Burkhard Schaefer, Member of the Supervisory Board | ||
Jon Erickson, Van Eck ETF Portfolio Manager | ||
Cyrille Conseil, Van Eck ETF Portfolio Manager | ||
Seth Kadushin, ETF Portfolio Manager | ||
Oliver Furby, ETF Portfolio Manager | ||
Alexander Ilyasov, Van Eck ETF Portfolio Manager | ||
Payal Gupta, Van Eck ETF Portfolio Manager | ||
Raymond Donofrio, Van Eck ETF Portfolio Manager | ||
Robert Regan, Van Eck ETF Portfolio Manager | ||
Steven Boyd, ETF Portfolio Manager | ||
Jeremie Banet, Van Eck ETF Portfolio Manager | ||
Jeffrey Miller, Van Eck ETF Portfolio Manager | ||
Jane Qin, Van Eck ETF Portfolio Manager | ||
John Gardner, Van Eck ETF Portfolio Manager | ||
Jens Juettner, Member of the Management Board | ||
Luis Berruga, Van Eck ETF Portfolio Manager | ||
Andrea Roemhildt, Van Eck ETF Portfolio Manager | ||
Daniel Lindquist, Van Eck ETF Portfolio Manager | ||
Michael Finocchi, Van Eck ETF Portfolio Manager | ||
Philip Lee, Van Eck ETF Portfolio Manager | ||
Bryan Richards, Van Eck ETF Portfolio Manager | ||
Jeffrey Ploshnick, Van Eck ETF Portfolio Manager | ||
Beckham Wyrick, Van Eck ETF Portfolio Manager | ||
Thomas Coleman, Van Eck ETF Portfolio Manager | ||
David Hammer, Van Eck ETF Portfolio Manager | ||
Samuel Masucci, ETF Portfolio Manager | ||
Joseph Madrid, Van Eck ETF Portfolio Manager | ||
Michael Akins, Van Eck ETF Portfolio Manager | ||
S Leech, Van Eck ETF Portfolio Manager | ||
Paul Curbo, Van Eck ETF Portfolio Manager | ||
Cindy Gao, Van Eck ETF Portfolio Manager | ||
Guo Jin, Van Eck ETF Portfolio Manager | ||
Alfonso Portfillo, Van Eck ETF Portfolio Manager | ||
Andrew Hicks, Van Eck ETF Portfolio Manager | ||
Karl Schneider, Van Eck ETF Portfolio Manager | ||
Joshua Barrickman, Van Eck ETF Portfolio Manager | ||
John Love, Van Eck ETF Portfolio Manager | ||
Shlomo Bassous, Van Eck ETF Portfolio Manager | ||
Steve Kahler, Van Eck ETF Portfolio Manager | ||
Charles Ragauss, ETF Portfolio Manager | ||
William Baird, Van Eck ETF Portfolio Manager | ||
Chuck Craig, Van Eck ETF Portfolio Manager | ||
David Rios, Van Eck ETF Portfolio Manager | ||
Joshua Emanuel, Van Eck ETF Portfolio Manager | ||
John Vecchio, Van Eck ETF Portfolio Manager | ||
Andrew Serowik, Van Eck ETF Portfolio Manager | ||
Frank Miethe, Van Eck ETF Portfolio Manager | ||
Paul Brown, Van Eck ETF Portfolio Manager | ||
William Smith, Van Eck ETF Portfolio Manager | ||
Diane Hsiung, Van Eck ETF Portfolio Manager | ||
Emiliano Rabinovich, Van Eck ETF Portfolio Manager | ||
Roger Testin, Van Eck ETF Portfolio Manager | ||
Adnann Syed, Van Eck ETF Portfolio Manager | ||
Deane Gyllenhaal, Van Eck ETF Portfolio Manager | ||
Alex Hamilton, ETF Portfolio Manager | ||
Greg Barrato, Van Eck ETF Portfolio Manager | ||
Jennifer Hsui, Van Eck ETF Portfolio Manager | ||
Bradley Sullivan, Van Eck ETF Portfolio Manager | ||
Anne Walsh, Van Eck ETF Portfolio Manager | ||
Denise Krisko, ETF Portfolio Manager | ||
Sean Reichert, Van Eck ETF Portfolio Manager | ||
Robert Bauer, Van Eck ETF Portfolio Manager | ||
Gerard OReilly, Van Eck ETF Portfolio Manager | ||
Steve Brown, Van Eck ETF Portfolio Manager | ||
Leo Fan, Van Eck ETF Portfolio Manager | ||
Michael Brunell, Van Eck ETF Portfolio Manager | ||
James Michal, Van Eck ETF Portfolio Manager | ||
Mitchell Firestein, Van Eck ETF Portfolio Manager | ||
Jerome Schneider, Van Eck ETF Portfolio Manager | ||
Kris Dorr, Van Eck ETF Portfolio Manager | ||
Patrick Dwyer, Van Eck ETF Portfolio Manager | ||
Tarak Dave, Van Eck ETF Portfolio Manager | ||
Andrew Ngim, Van Eck ETF Portfolio Manager | ||
Rafael Zayas, ETF Portfolio Manager | ||
Brian Evans, Van Eck ETF Portfolio Manager | ||
James Harrison, Van Eck ETF Portfolio Manager | ||
Nam To, Van Eck ETF Portfolio Manager | ||
Francis Rodilosso, Van Eck ETF Portfolio Manager | ||
Michael Buchanan, Van Eck ETF Portfolio Manager | ||
Ray Allen, Van Eck ETF Portfolio Manager | ||
Michael Venuto, ETF Portfolio Manager | ||
Steven Hung, Van Eck ETF Portfolio Manager | ||
Awais Khan, Van Eck ETF Portfolio Manager | ||
Keith Richardson, Van Eck ETF Portfolio Manager | ||
Andrew Jessop, Van Eck ETF Portfolio Manager | ||
Michael Perre, Van Eck ETF Portfolio Manager | ||
Scott Radell, Van Eck ETF Portfolio Manager | ||
Tony Seisser, Van Eck ETF Portfolio Manager | ||
Christopher DiStefano, Van Eck ETF Portfolio Manager | ||
Richard Jenkins, Van Eck ETF Portfolio Manager | ||
Michael Johnson, Van Eck ETF Portfolio Manager | ||
HaoHung Liao, Van Eck ETF Portfolio Manager | ||
Eric Viliott, Van Eck ETF Portfolio Manager | ||
Stan Ueland, Van Eck ETF Portfolio Manager | ||
Richard Brown, Van Eck ETF Portfolio Manager | ||
Michael Kastner, ETF Portfolio Manager | ||
Paul Fuchs, Van Eck ETF Portfolio Manager | ||
Alan Mason, Van Eck ETF Portfolio Manager | ||
Paul Fusaro, Van Eck ETF Portfolio Manager | ||
Patrick Waddell, Van Eck ETF Portfolio Manager | ||
Ron Heller, Van Eck ETF Portfolio Manager | ||
Paul Benson, Van Eck ETF Portfolio Manager | ||
Jonathan Guyer, ETF Portfolio Manager | ||
Chang Kim, Van Eck ETF Portfolio Manager | ||
Jeff Peters, Van Eck ETF Portfolio Manager | ||
Thomas Connelley, Van Eck ETF Portfolio Manager | ||
Jeremy Neisewander, Van Eck ETF Portfolio Manager | ||
Adrian Bachman, Van Eck ETF Portfolio Manager | ||
Scott Glasing, Van Eck ETF Portfolio Manager | ||
Scott Geiger, Van Eck ETF Portfolio Manager | ||
Michelle Louie, Van Eck ETF Portfolio Manager | ||
Seth Misshula, Van Eck ETF Portfolio Manager | ||
Richard DarbyDowman, Van Eck ETF Portfolio Manager | ||
Mohit Mittal, Van Eck ETF Portfolio Manager | ||
James Francis, ETF Portfolio Manager | ||
Teddy Wong, Van Eck ETF Portfolio Manager | ||
Gold Corporation, Van Eck ETF Portfolio Manager | ||
James Colby, Van Eck ETF Portfolio Manager | ||
Steven Hlavin, Van Eck ETF Portfolio Manager | ||
Ryan Mischker, Van Eck ETF Portfolio Manager | ||
Mark Krivitsky, Van Eck ETF Portfolio Manager | ||
Timothy Ryan, Van Eck ETF Portfolio Manager | ||
Matthew Dorsten, Van Eck ETF Portfolio Manager | ||
Daniel Personette, Van Eck ETF Portfolio Manager | ||
Juan Acevedo, Van Eck ETF Portfolio Manager | ||
Kai Chen, Van Eck ETF Portfolio Manager | ||
Michael Jeanette, Van Eck ETF Portfolio Manager | ||
Christopher Wrazen, Van Eck ETF Portfolio Manager | ||
Brad Lamensdorf, Van Eck ETF Portfolio Manager | ||
Daniel TenPas, Van Eck ETF Portfolio Manager | ||
Brandon Ferguson, Van Eck ETF Portfolio Manager | ||
Amy Cheng, Van Eck ETF Portfolio Manager | ||
Michelle Liu, Van Eck ETF Portfolio Manager | ||
Joseph Barrato, ETF Portfolio Manager | ||
Mike Feehily, Van Eck ETF Portfolio Manager | ||
Peter Matthew, Van Eck ETF Portfolio Manager | ||
Qiong Wan, Van Eck ETF Portfolio Manager | ||
Edward Ryan, ETF Portfolio Manager | ||
James Ong, Van Eck ETF Portfolio Manager | ||
Robert Anstine, Van Eck ETF Portfolio Manager | ||
Michael Cudzil, Van Eck ETF Portfolio Manager | ||
Eduardo Repetto, Van Eck ETF Portfolio Manager | ||
Theodore Samulowitz, Van Eck ETF Portfolio Manager | ||
Vincent Lowry, Van Eck ETF Portfolio Manager | ||
Stephen Rodosky, Van Eck ETF Portfolio Manager | ||
Wilhelm Zours, Chairman of the Supervisory Board | ||
Olga Winner, Van Eck ETF Portfolio Manager | ||
Tony Ng, Van Eck ETF Portfolio Manager | ||
Walter Nejman, Van Eck ETF Portfolio Manager | ||
Robert Parker, ETF Portfolio Manager | ||
David Hemming, Van Eck ETF Portfolio Manager | ||
Marc DiCosimo, Van Eck ETF Portfolio Manager | ||
Michael Byrum, Van Eck ETF Portfolio Manager | ||
William Flaig, ETF Portfolio Manager | ||
Darin Turner, Van Eck ETF Portfolio Manager | ||
Kristi Henderson, Van Eck ETF Portfolio Manager | ||
Michael Loeffler, ETF Portfolio Manager | ||
B Minerd, Van Eck ETF Portfolio Manager | ||
Catherine Wood, ETF Portfolio Manager | ||
Nicholas DEramo, ETF Portfolio Manager | ||
Dwayne Hancock, Van Eck ETF Portfolio Manager | ||
Nicholas Fischer, Van Eck ETF Portfolio Manager | ||
Gary Jones, Van Eck ETF Portfolio Manager | ||
David Swallow, Van Eck ETF Portfolio Manager | ||
Richard Ose, Van Eck ETF Portfolio Manager | ||
William DeRoche, Van Eck ETF Portfolio Manager | ||
George Chao, Van Eck ETF Portfolio Manager | ||
Navid Sohrabi, Van Eck ETF Portfolio Manager | ||
Garrett Herfkens, Van Eck ETF Portfolio Manager | ||
PingYing Wang, Van Eck ETF Portfolio Manager | ||
Christine Franquin, Van Eck ETF Portfolio Manager | ||
Hansjorg Plaggemars, Member of the Management Board | ||
Sean Lussier, Van Eck ETF Portfolio Manager | ||
Ronald Martin, Van Eck ETF Portfolio Manager | ||
Kala ODonnell, Van Eck ETF Portfolio Manager | ||
Matthew Hastings, Van Eck ETF Portfolio Manager | ||
Melissa Kapitulik, Van Eck ETF Portfolio Manager | ||
Hailey Harris, Van Eck ETF Portfolio Manager | ||
Michael Neches, Van Eck ETF Portfolio Manager | ||
Fred Zhang, ETF Portfolio Manager | ||
Travis Trampe, Van Eck ETF Portfolio Manager | ||
Cynthia Moy, Van Eck ETF Portfolio Manager | ||
Justin Lowry, Van Eck ETF Portfolio Manager | ||
Orhan Imer, Van Eck ETF Portfolio Manager | ||
Peter Hubbard, Van Eck ETF Portfolio Manager | ||
Christopher Bliss, Van Eck ETF Portfolio Manager | ||
Robert Cummings, Van Eck ETF Portfolio Manager | ||
James Kramer, Van Eck ETF Portfolio Manager | ||
Todd Bean, Van Eck ETF Portfolio Manager | ||
George Cao, Van Eck ETF Portfolio Manager | ||
Kyle Kelly, Van Eck ETF Portfolio Manager |
VanEck Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is VanEck Biotech a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Price To Earning | 17.66 X | |||
Price To Book | 2.74 X | |||
Price To Sales | 4.72 X | |||
Beta | 0.85 | |||
Total Asset | 478.42 M | |||
One Year Return | (7.10) % | |||
Three Year Return | (5.90) % | |||
Five Year Return | 5.10 % | |||
Ten Year Return | 6.30 % | |||
Net Asset | 478.42 M |
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 Biotech 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 Biotech's short interest history, or implied volatility extrapolated from VanEck Biotech options trading.
Pair Trading with VanEck Biotech
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 Biotech 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 Biotech will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
0.87 | IBB | iShares Biotechnology ETF | PairCorr |
Moving against VanEck Etf
0.55 | RSPY | Tuttle Capital Management | PairCorr |
0.43 | DSJA | DSJA | PairCorr |
The ability to find closely correlated positions to VanEck Biotech 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 Biotech 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 Biotech - 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 Biotech ETF to buy it.
The correlation of VanEck Biotech 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 Biotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Biotech ETF 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 Biotech 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VanEck Biotech ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the VanEck Biotech ETF information on this page should be used as a complementary analysis to other VanEck Biotech'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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
The market value of VanEck Biotech ETF 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 Biotech's value that differs from its market value or its book value, called intrinsic value, which is VanEck Biotech'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 Biotech's market value can be influenced by many factors that don't directly affect VanEck Biotech'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 Biotech's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Biotech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Biotech'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.