Vaneck Steel Etf Profile

SLX Etf  USD 69.34  0.18  0.26%   

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VanEck Steel is trading at 69.34 as of the 19th of March 2024; that is 0.26 percent increase since the beginning of the trading day. The etf's open price was 69.16. VanEck Steel has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for VanEck Steel ETF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 19th of January 2024 and ending today, the 19th of March 2024. Click here to learn more.
The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies involved in the steel sector. Vaneck Steel is traded on NYSEARCA Exchange in the United States. More on VanEck Steel ETF

Moving together with VanEck Etf

  0.89XME SPDR SP MetalsPairCorr
  0.8MOO VanEck Agribusiness ETFPairCorr
  0.82FXZ First Trust MaterialsPairCorr

Moving against VanEck Etf

  0.61DSJA DSJAPairCorr
  0.48URNM Sprott Uranium MinersPairCorr

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 Steel's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding VanEck Steel or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEOKeith Carlson
Thematic Ideas
(View all Themes)
Old NameVaneck Vectors Steel Etf
Business ConcentrationASX Small Ordinaries, SPASX 300, SPASX All Technology, Sector ETFs, Materials ETFs, Natural Resources, VanEck (View all Sectors)
IssuerVan Eck
Inception Date2006-10-10
BenchmarkNYSE Arca Steel Index
Entity TypeRegulated Investment Company
Asset Under Management110.39 Million
Average Trading Valume17,497
Asset TypeEquity
CategorySector
FocusMaterials
Market ConcentrationBlended Development
RegionGlobal
AdministratorVan Eck Associates Corporation
AdvisorVan Eck Associates Corporation
CustodianState Street Bank and Trust Company
DistributorVan Eck Securities Corporation
Portfolio ManagerHao-Hung Peter Liao, Guo Hua Jason Jin
Transfer AgentState Street Bank and Trust Company
Fiscal Year End30-Sep
ExchangeNYSE Arca, Inc.
Number of Constituents25.0
Market MakerVirtu Financial
Total Expense0.95
Management Fee0.5
Country NameUSA
Returns Y T D(6.24)
NameVanEck Steel ETF
Currency CodeUSD
Open FigiBBG000Q54VZ8
In Threey Volatility32.62
1y Volatility28.12
200 Day M A67.01
50 Day M A69.8554
CodeSLX
Updated At18th of March 2024
Currency NameUS Dollar
VanEck Steel ETF [SLX] is traded in USA and was established 2006-10-10. The fund is classified under Natural Resources category within VanEck family. The entity is thematically classified as Sector ETFs. VanEck Steel ETF at this time have 77.49 M in assets. , while the total return for the last 3 years was 14.2%.
Check VanEck Steel 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 Steel ETF 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.

Top VanEck Steel ETF Etf Constituents

CLFCleveland CliffsStockMaterials
CMCCommercial MetalsStockMaterials
MTArcelorMittal SA ADRStockMaterials
NUENucor CorpStockMaterials
ROCKGibraltar IndustriesStockIndustrials
RSReliance Steel AluminumStockMaterials
STLDSteel DynamicsStockMaterials
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VanEck Steel Target Price Odds Analysis

Based on a normal probability distribution, the odds of VanEck Steel jumping above the current price in 90 days from now is about 73.21%. The VanEck Steel ETF probability density function shows the probability of VanEck Steel etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the etf has a beta coefficient of 1.4967. This usually implies 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 Steel will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. VanEck Steel ETF is significantly underperforming NYSE Composite.
  Odds Below 69.34HorizonTargetOdds Above 69.34
26.43%90 days
 69.34 
73.21%
Based on a normal probability distribution, the odds of VanEck Steel to move above the current price in 90 days from now is about 73.21 (This VanEck Steel ETF probability density function shows the probability of VanEck Etf to fall within a particular range of prices over 90 days) .

VanEck Steel Top Holders

RAAXVanEck Inflation AllocationEtfModerate Allocation
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VanEck Steel ETF Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. VanEck Steel market risk premium is the additional return an investor will receive from holding VanEck Steel 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 Steel. 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 Steel's alpha and beta are two of the key measurements used to evaluate VanEck Steel's performance over the market, the standard measures of volatility play an important role as well.

VanEck Steel Against Markets

Picking the right benchmark for VanEck Steel 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 Steel 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 Steel is critical whether you are bullish or bearish towards VanEck Steel ETF at a given time. Please also check how VanEck Steel'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 Steel 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.

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How to buy VanEck Etf?

Before investing in VanEck Steel, 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 Steel. To buy VanEck Steel etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of VanEck Steel. 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 Steel etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located VanEck Steel ETF 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 Steel ETF 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 Steel ETF, 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 Steel guide.

Already Invested in VanEck Steel ETF?

The danger of trading VanEck Steel ETF 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 Steel 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 Steel. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VanEck Steel ETF 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 Steel ETF offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Steel'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 Steel Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Steel Etf:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VanEck Steel 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 economic analysis.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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When running VanEck Steel's price analysis, check to measure VanEck Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy VanEck Steel is operating at the current time. Most of VanEck Steel's value examination focuses on studying past and present price action to predict the probability of VanEck Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VanEck Steel's price. Additionally, you may evaluate how the addition of VanEck Steel to your portfolios can decrease your overall portfolio volatility.
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The market value of VanEck Steel 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 Steel's value that differs from its market value or its book value, called intrinsic value, which is VanEck Steel'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 Steel's market value can be influenced by many factors that don't directly affect VanEck Steel'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 Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Steel'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.