Vaneck Oil Services Etf Profile
| OIH Etf | USD 321.34 3.95 1.21% |
Performance9 of 100
| Odds Of DistressLess than 9
|
VanEck Oil is trading at 321.34 as of the 19th of April 2024. This is a -1.21% down since the beginning of the trading day. The etf's open price was 325.29. VanEck Oil has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for VanEck Oil Services are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th 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 Services
Moving together with VanEck Etf
| 0.96 | XLE | Energy Select Sector | PairCorr |
| 0.97 | VDE | Vanguard Energy Index | PairCorr |
| 0.96 | XOP | SPDR SP Oil | PairCorr |
| 0.97 | IYE | iShares Energy ETF | PairCorr |
| 0.97 | IXC | iShares Global Energy | PairCorr |
| 0.97 | 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 | Energy ETFs, Sector ETFs, Equity Energy, VanEck (View all Sectors) |
| Issuer | Van Eck |
| Inception Date | 2011-12-20 |
| Benchmark | Market Vectors US Listed Oil Services 25 Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 2.1 Billion |
| Average Trading Valume | 395,589.5 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Energy |
| Market Concentration | Developed Markets |
| 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-May |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 26.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.35 |
| Management Fee | 0.35 |
| Country Name | USA |
| Returns Y T D | 3.82 |
| Name | VanEck Oil Services ETF |
| Currency Code | USD |
| Open Figi | BBG000D02J82 |
| In Threey Volatility | 41.81 |
| 1y Volatility | 32.37 |
| 200 Day M A | 322.33 |
| 50 Day M A | 317.35 |
| Code | OIH |
| Updated At | 19th of April 2024 |
| Currency Name | US Dollar |
VanEck Oil Services [OIH] is traded in USA and was established 2011-12-20. The fund is classified under Equity Energy category within VanEck family. The entity is thematically classified as Energy ETFs. VanEck Oil Services now have 2.57 B in assets. , while the total return for the last 3 years was 21.9%.
Check VanEck Oil Probability Of Bankruptcy
Geographic Allocation (%)
Top VanEck Oil Services Etf Constituents
| HP | Helmerich and Payne | Stock | Energy |
| WHD | Cactus Inc | Stock | Energy |
| SLB | Schlumberger NV | Stock | Energy |
| RIG | Transocean | Stock | Energy |
| PTEN | Patterson UTI Energy | Stock | Energy |
| OII | Oceaneering International | Stock | Energy |
| NOV | NOV Inc | Stock | Energy |
VanEck Oil Target Price Odds Analysis
Coming from a normal probability distribution, the odds of VanEck Oil jumping above the current price in 90 days from now is about 30.68%. The VanEck Oil Services probability density function shows the probability of VanEck Oil etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon VanEck Oil has a beta of 0.261. This indicates as returns on the market go up, VanEck Oil average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding VanEck Oil Services will be expected to be much smaller as well. Additionally, vanEck Oil Services has an alpha of 0.1292, implying that it can generate a 0.13 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 30.68 (This VanEck Oil Services probability density function shows the probability of VanEck Etf to fall within a particular range of prices over 90 days) .
VanEck Oil Top Holders
| QAISX | Q3 All Weather Sector | Mutual Fund | Tactical Allocation |
| RAAX | VanEck Inflation Allocation | Etf | Moderate Allocation |
| ETFAX | Stadion Tactical Growth | Mutual Fund | Tactical Allocation |
| ETFCX | Stadion Tactical Growth | Mutual Fund | Tactical Allocation |
| ETFOX | Stadion Tactical Growth | Mutual Fund | Tactical Allocation |
| QMLAX | Quantified Market Leaders | Mutual Fund | Tactical Allocation |
| QMLFX | Quantified Market Leaders | Mutual Fund | Tactical Allocation |
VanEck Oil Services 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 | 0.0783 | |||
| Jensen Alpha | 0.1292 | |||
| Total Risk Alpha | 0.0205 | |||
| Sortino Ratio | 0.0662 |
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 Services 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 Services 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 Services 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 Services, 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 Services?
The danger of trading VanEck Oil Services 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 Services 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 Services offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Oil's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Oil Services Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Oil Services Etf: Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in VanEck Oil Services. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
The market value of VanEck Oil Services 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.