Vaneck Environmental Services Etf Filter Stocks by Fundamentals
| EVX Etf | USD 159.99 1.20 0.74% |
VanEck Environmental Services fundamentals help investors to digest information that contributes to VanEck Environmental's financial success or failures. It also enables traders to predict the movement of VanEck Etf. The fundamental analysis module provides a way to measure VanEck Environmental's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to VanEck Environmental etf.
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Fund Asset Allocation for VanEck Environmental
The fund invests 100.0% of asset under management in tradable equity instruments, with the rest of investments concentrated in .Asset allocation divides VanEck Environmental's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
VanEck Fundamentals
| Price To Earning | 27.71 X | |||
| Price To Book | 2.81 X | |||
| Price To Sales | 1.18 X | |||
| Number Of Employees | 13 | |||
| Beta | 1.09 | |||
| Total Asset | 67.91 M | |||
| One Year Return | 12.10 % | |||
| Three Year Return | 5.80 % | |||
| Five Year Return | 10.60 % | |||
| Ten Year Return | 10.20 % | |||
| Net Asset | 67.91 M | |||
| Last Dividend Paid | 0.47 | |||
| Equity Positions Weight | 100.00 % |
About VanEck Environmental Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze VanEck Environmental Services's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VanEck Environmental using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VanEck Environmental Services based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards VanEck Environmental in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, VanEck Environmental's short interest history, or implied volatility extrapolated from VanEck Environmental options trading.
Pair Trading with VanEck Environmental
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if VanEck Environmental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VanEck Environmental will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
| 0.97 | XLI | Industrial Select Sector | PairCorr |
| 0.95 | ITA | iShares Aerospace Defense | PairCorr |
| 0.98 | VIS | Vanguard Industrials | PairCorr |
| 0.79 | JETS | US Global Jets | PairCorr |
| 0.97 | FXR | First Trust Industri | PairCorr |
The ability to find closely correlated positions to VanEck Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck Environmental when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VanEck Environmental - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VanEck Environmental Services to buy it.
The correlation of VanEck Environmental is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Environmental moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for VanEck Environmental can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out VanEck Environmental Piotroski F Score and VanEck Environmental Altman Z Score analysis. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of VanEck Environmental 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 Environmental's value that differs from its market value or its book value, called intrinsic value, which is VanEck Environmental'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 Environmental's market value can be influenced by many factors that don't directly affect VanEck Environmental'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 Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Environmental'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.