Vaneck Oil Refiners Etf Profile
| CRAK Etf | USD 38.48 0.31 0.81% |
Performance16 of 100
| Odds Of DistressLess than 9
|
VanEck Oil is selling for 38.48 as of the 24th of April 2024. This is a 0.81 percent up since the beginning of the trading day. The etf's last reported lowest price was 37.85. VanEck Oil has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for VanEck Oil Refiners are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index. Vaneck Oil is traded on NYSEARCA Exchange in the United States. More on VanEck Oil Refiners
Moving together with VanEck Etf
| 0.95 | XLE | Energy Select Sector Aggressive Push | PairCorr |
| 0.96 | VDE | Vanguard Energy Index | PairCorr |
| 0.95 | XOP | SPDR SP Oil | PairCorr |
| 0.91 | OIH | VanEck Oil Services | PairCorr |
| 0.96 | IYE | iShares Energy ETF | PairCorr |
| 0.95 | IXC | iShares Global Energy | PairCorr |
| 0.95 | FXN | First Trust Energy | PairCorr |
VanEck Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. VanEck Oil's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding VanEck Oil or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Energy ETFs, Equity Energy, VanEck (View all Sectors) |
| Issuer | Van Eck |
| Inception Date | 2015-08-18 |
| Benchmark | Market Vectors Global Oil Refiners Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 50.36 Million |
| Average Trading Valume | 21,684.3 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Energy |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Van Eck Associates Corporation |
| Advisor | Van Eck Associates Corporation |
| Custodian | State Street Bank and Trust Company |
| Distributor | Van Eck Securities Corporation |
| Portfolio Manager | Hao-Hung Peter Liao, Guo Hua Jason Jin |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Dec |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 31.0 |
| Market Maker | Virtu Financial |
| Total Expense | 1.29 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 9.2 |
| Name | VanEck Oil Refiners ETF |
| Currency Code | USD |
| Open Figi | BBG009T0PRP4 |
| In Threey Volatility | 20.58 |
| 1y Volatility | 16.79 |
| 200 Day M A | 34.7156 |
| 50 Day M A | 37.2992 |
| Code | CRAK |
| Updated At | 23rd of April 2024 |
| Currency Name | US Dollar |
VanEck Oil Refiners [CRAK] is traded in USA and was established 2015-08-18. The fund is listed under Equity Energy category and is part of VanEck family. The entity is thematically classified as Sector ETFs. VanEck Oil Refiners currently have 33.99 M in assets under management (AUM). , while the total return for the last 3 years was 14.3%.
Check VanEck Oil Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on VanEck Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding VanEck Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as VanEck Oil Refiners Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
VanEck Oil Refiners Currency Exposure
VanEck Oil Refiners holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of VanEck Oil will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in VanEck Oil Refiners.
Top VanEck Oil Refiners Etf Constituents
| NTOIF | Neste Oyj | Pink Sheet | Oil & Gas Refining & Marketing |
| OMVJF | OMV Aktiengesellschaft | Pink Sheet | Oil & Gas Integrated |
| MPC | Marathon Petroleum Corp | Stock | Energy |
| PSX | Phillips 66 | Stock | Energy |
| VLO | Valero Energy | Stock | Energy |
| GLPEF | Galp Energia SGPS | OTC Stock | Oil & Gas Integrated |
| JXHGF | ENEOS Holdings | Pink Sheet | Oil & Gas Refining & Marketing |
VanEck Oil Target Price Odds Analysis
Proceeding from a normal probability distribution, the odds of VanEck Oil jumping above the current price in 90 days from now is about 14.67%. The VanEck Oil Refiners probability density function shows the probability of VanEck Oil etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days VanEck Oil has a beta of 0.8733 suggesting VanEck Oil Refiners market returns are very sensitive to returns on the market. As the market goes up or down, VanEck Oil is expected to follow. Additionally, vanEck Oil Refiners has an alpha of 0.1364, implying that it can generate a 0.14 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of VanEck Oil to move above the current price in 90 days from now is about 14.67 (This VanEck Oil Refiners probability density function shows the probability of VanEck Etf to fall within a particular range of prices over 90 days) .
VanEck Oil Refiners Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing 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. Although VanEck Oil's alpha and beta are two of the key measurements used to evaluate VanEck Oil's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.1422 | |||
| Jensen Alpha | 0.1364 | |||
| Total Risk Alpha | 0.0824 | |||
| Sortino Ratio | 0.1375 |
VanEck Oil Against Markets
Picking the right benchmark for VanEck Oil etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in VanEck Oil etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for VanEck Oil is critical whether you are bullish or bearish towards VanEck Oil Refiners at a given time. Please also check how VanEck Oil's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in VanEck Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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How to buy VanEck Etf?
Before investing in VanEck Oil, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in VanEck Oil. To buy VanEck Oil etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of VanEck Oil. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase VanEck Oil etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located VanEck Oil Refiners etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased VanEck Oil Refiners etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as VanEck Oil Refiners, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy VanEck Etf please use our How to Invest in VanEck Oil guide.
Already Invested in VanEck Oil Refiners?
The danger of trading VanEck Oil Refiners is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of VanEck Oil is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than VanEck Oil. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VanEck Oil Refiners is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Trending Equities to better understand how to build diversified portfolios, which includes a position in VanEck Oil Refiners. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
The market value of VanEck Oil Refiners 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 Oil's value that differs from its market value or its book value, called intrinsic value, which is VanEck Oil'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 Oil's market value can be influenced by many factors that don't directly affect VanEck Oil'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 Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Oil'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.