Vaneck Junior Gold Etf Profile
| GDXJ Etf | USD 41.56 0.43 1.02% |
Performance11 of 100
| Odds Of DistressLess than 9
|
VanEck Junior is selling for 41.56 as of the 16th of April 2024. This is a -1.02% down since the beginning of the trading day. The etf's last reported lowest price was 40.9. VanEck Junior has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for VanEck Junior Gold are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of April 2022 and ending today, the 16th 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 index. Vaneck Junior is traded on NYSEARCA Exchange in the United States. More on VanEck Junior Gold
Moving together with VanEck Etf
| 0.97 | GDX | VanEck Gold Miners | PairCorr |
| 0.97 | SIL | Global X Silver | PairCorr |
| 0.98 | SILJ | ETFMG Prime Junior | PairCorr |
| 0.99 | SGDM | Sprott Gold Miners | PairCorr |
| 0.98 | SGDJ | Sprott Junior Gold | PairCorr |
| 0.96 | GOAU | US Global GO | PairCorr |
| 0.99 | GOEX | Global X Gold | PairCorr |
Moving against VanEck Etf
| 0.59 | BITI | ProShares Trust Buyout Trend | 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 Junior's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding VanEck Junior 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, Materials ETFs, Equity Precious Metals, VanEck (View all Sectors) |
| Issuer | Van Eck |
| Inception Date | 2009-11-10 |
| Benchmark | MVISGlobal Junior Gold Miners Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 5.05 Billion |
| Average Trading Valume | 7.4 Million |
| Asset Type | Equity |
| Category | Sector |
| Focus | Materials |
| 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 | Peter H. 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 | 97.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.52 |
| Management Fee | 0.5 |
| Country Name | USA |
| Returns Y T D | 10.76 |
| Name | VanEck Junior Gold Miners ETF |
| Currency Code | USD |
| Open Figi | BBG000PTYMS2 |
| In Threey Volatility | 36.27 |
| 1y Volatility | 34.42 |
| 200 Day M A | 35.4247 |
| 50 Day M A | 35.8028 |
| Code | GDXJ |
| Updated At | 15th of April 2024 |
| Currency Name | US Dollar |
VanEck Junior Gold [GDXJ] is traded in USA and was established 2009-11-10. The fund is listed under Equity Precious Metals category and is part of VanEck family. The entity is thematically classified as Sector ETFs. VanEck Junior Gold currently have 3.01 B in assets under management (AUM). , while the total return for the last 3 years was -2.9%.
Check VanEck Junior Probability Of Bankruptcy
Geographic Allocation (%)
VanEck Junior Gold Currency Exposure
VanEck Junior Gold 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 Junior 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 Junior Gold.
Top VanEck Junior Gold Etf Constituents
| ELD | Eldorado Gold Corp | Stock | Materials |
| GMD | Genesis Minerals | Stock | Materials |
| MTA | Metalla Royalty Streaming | Stock | Materials |
| ASM | Australian Strategic MaterialsLtd | Stock | Materials |
| OGC | OceanaGold | Stock | Materials |
| RED | Red 5 | Stock | Materials |
| TIE | Tietto Minerals Limited | Stock | Materials |
VanEck Junior Target Price Odds Analysis
Based on a normal probability distribution, the odds of VanEck Junior jumping above the current price in 90 days from now is roughly 2.94%. The VanEck Junior Gold probability density function shows the probability of VanEck Junior etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 2.1351. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, VanEck Junior will likely underperform. Additionally, vanEck Junior Gold has an alpha of 0.1422, 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 Junior to move above the current price in 90 days from now is roughly 2.94 (This VanEck Junior Gold probability density function shows the probability of VanEck Etf to fall within a particular range of prices over 90 days) .
VanEck Junior Top Holders
| JNUG | Direxion Daily Junior | Etf | Trading--Leveraged Equity |
| OWSMX | Old Westbury Small | Mutual Fund | World Small/Mid Stock |
| RYZCX | Precious Metals Fund | Mutual Fund | Equity Precious Metals |
| RYMNX | Precious Metals Fund | Mutual Fund | Equity Precious Metals |
| RYPMX | Precious Metals Fund | Mutual Fund | Equity Precious Metals |
| RYMPX | Precious Metals Fund | Mutual Fund | Equity Precious Metals |
| RQEAX | Resq Dynamic Allocation | Mutual Fund | Tactical Allocation |
VanEck Junior Gold Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. VanEck Junior market risk premium is the additional return an investor will receive from holding VanEck Junior 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 Junior. 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 Junior's alpha and beta are two of the key measurements used to evaluate VanEck Junior's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0812 | |||
| Jensen Alpha | 0.1422 | |||
| Total Risk Alpha | 0.0661 | |||
| Sortino Ratio | 0.0971 |
VanEck Junior Against Markets
Picking the right benchmark for VanEck Junior 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 Junior 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 Junior is critical whether you are bullish or bearish towards VanEck Junior Gold at a given time. Please also check how VanEck Junior's historical prices are related to one of the top price index indicators.
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How to buy VanEck Etf?
Before investing in VanEck Junior, 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 Junior. To buy VanEck Junior etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of VanEck Junior. 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 Junior etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located VanEck Junior Gold 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 Junior Gold 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 Junior Gold, 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 Junior guide.
Already Invested in VanEck Junior Gold?
The danger of trading VanEck Junior Gold 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 Junior 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 Junior. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VanEck Junior Gold 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 Junior Gold 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 Junior Gold Etf. Highlighted below are key reports to facilitate an investment decision about Vaneck Junior Gold Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Junior Gold. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of VanEck Junior Gold 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 Junior's value that differs from its market value or its book value, called intrinsic value, which is VanEck Junior'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 Junior's market value can be influenced by many factors that don't directly affect VanEck Junior'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 Junior's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Junior is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Junior'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.