Global Hard Assets Fund Quote
| GHAYX Fund | USD 41.03 0.07 0.17% |
Performance16 of 100
| Odds Of DistressLess than 17
|
Global Hard is trading at 41.03 as of the 23rd of April 2024; that is -0.17% down since the beginning of the trading day. The fund's open price was 41.1. Global Hard has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Global Hard Assets are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Under normal conditions, the fund invests at least 80 percent of its net assets in securities of global resource companies and instruments that derive their value from global resources. Global resources include precious metals , base and industrial metals, energy, natural resources and other commodities. More on Global Hard Assets
Moving together with Global Mutual Fund
| 0.77 | EMRIX | Emerging Markets | PairCorr |
| 0.76 | EMRCX | Emerging Markets | PairCorr |
| 0.77 | EMRZX | Vaneck Emerging Markets | PairCorr |
| 0.77 | EMRYX | Emerging Markets | PairCorr |
Global Mutual Fund Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Global Hard's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Global Hard or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Fund Concentration | VanEck Funds, Large Funds, Natural Resources Funds, Natural Resources, VanEck (View all Sectors) |
| Update Date | 31st of March 2024 |
| Expense Ratio Date | 1st of May 2023 |
| Fiscal Year End | December |
Global Hard Assets [GHAYX] is traded in USA and was established 23rd of April 2024. Global Hard is listed under VanEck category by Fama And French industry classification. The fund is listed under Natural Resources category and is part of VanEck family. This fund currently has accumulated 791.36 M in assets under management (AUM) with minimum initial investment of 1 K. Global Hard Assets is currently producing year-to-date (YTD) return of 4.0% with the current yeild of 0.02%, while the total return for the last 3 years was 3.86%.
Check Global Hard Probability Of Bankruptcy
Instrument 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 Global Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Mutual Fund, 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 Global Hard Assets Mutual Fund, 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.
Top Global Hard Assets Mutual Fund Constituents
| HAL | Halliburton | Stock | Energy |
| NEM | Newmont Goldcorp Corp | Stock | Materials |
| VLO | Valero Energy | Stock | Energy |
| TSN | Tyson Foods | Stock | Consumer Staples |
| TRPXX | Short Term Investment Trust | Money Market Fund | US Money Market Fund |
| SEDG | SolarEdge Technologies | Stock | Information Technology |
| RUN | Sunrun Inc | Stock | Industrials |
Global Hard Target Price Odds Analysis
Based on a normal probability distribution, the odds of Global Hard jumping above the current price in 90 days from now is about 9.07%. The Global Hard Assets probability density function shows the probability of Global Hard mutual fund to fall within a particular range of prices over 90 days. Assuming the 90 days horizon the mutual fund has a beta coefficient of 1.0171. This usually indicates Global Hard Assets market returns are sensitive to returns on the market. As the market goes up or down, Global Hard is expected to follow. Additionally, global Hard Assets has an alpha of 0.1074, implying that it can generate a 0.11 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Global Hard to move above the current price in 90 days from now is about 9.07 (This Global Hard Assets probability density function shows the probability of Global Mutual Fund to fall within a particular range of prices over 90 days) .
Global Hard Assets Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Global Hard market risk premium is the additional return an investor will receive from holding Global Hard 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 Global Hard. 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 Global Hard's alpha and beta are two of the key measurements used to evaluate Global Hard's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.6701 | |||
| Semi Deviation | 0.6161 | |||
| Standard Deviation | 0.8618 | |||
| Variance | 0.7427 |
Global Hard Against Markets
Picking the right benchmark for Global Hard mutual fund 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 Global Hard mutual fund 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 Global Hard is critical whether you are bullish or bearish towards Global Hard Assets at a given time. Please also check how Global Hard'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 Global Hard 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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| All Next | Launch Module |
How to buy Global Mutual Fund?
Before investing in Global Hard, 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 Global Hard. To buy Global Hard fund, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Global Hard. 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 Global Hard fund. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Global Hard Assets fund 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 Global Hard Assets fund, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the fund
It's important to note that investing in stocks, such as Global Hard Assets, 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 fund 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.
Already Invested in Global Hard Assets?
The danger of trading Global Hard Assets is mainly related to its market volatility and Mutual Fund 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 Global Hard 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 Global Hard. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Global Hard Assets 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Hard Assets. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.