VanEck Gaming Financial Statements From 2010 to 2024
| BJK Etf | USD 40.67 0.34 0.84% |
Check VanEck Gaming financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among VanEck main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . VanEck financial statements analysis is a perfect complement when working with VanEck Gaming Valuation or Volatility modules.
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VanEck Gaming ETF ETF Beta Analysis
VanEck Gaming's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current VanEck Gaming Beta | 1.1 |
Most of VanEck Gaming's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, VanEck Gaming ETF is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, VanEck Gaming ETF has a Beta of 1.1. This is much higher than that of the VanEck family and significantly higher than that of the Consumer Cyclical category. The beta for all United States etfs is notably lower than that of the firm.
VanEck Gaming ETF Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining VanEck Gaming's current stock value. Our valuation model uses many indicators to compare VanEck Gaming value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across VanEck Gaming competition to find correlations between indicators driving VanEck Gaming's intrinsic value. More Info.VanEck Gaming ETF is the top ETF in price to earning as compared to similar ETFs. It is the top ETF in price to book as compared to similar ETFs fabricating about 0.13 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for VanEck Gaming ETF is roughly 7.81 . Comparative valuation analysis is a catch-all model that can be used if you cannot value VanEck Gaming by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for VanEck Gaming's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the VanEck Gaming's earnings, one of the primary drivers of an investment's value.About VanEck Gaming Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include VanEck Gaming income statement, its balance sheet, and the statement of cash flows. VanEck Gaming investors use historical funamental indicators, such as VanEck Gaming's revenue or net income, to determine how well the company is positioned to perform in the future. Although VanEck Gaming investors may use each financial statement separately, they are all related. The changes in VanEck Gaming's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on VanEck Gaming's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on VanEck Gaming Financial Statements. Understanding these patterns can help to make the right decision on long term investment in VanEck Gaming. Please read more on our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index. Vaneck Gaming is traded on NYSEARCA Exchange in the United States.
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 Gaming 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 Gaming's short interest history, or implied volatility extrapolated from VanEck Gaming options trading.
Pair Trading with VanEck Gaming
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 Gaming 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 Gaming will appreciate offsetting losses from the drop in the long position's value.Moving together with VanEck Etf
| 0.63 | XLY | Consumer Discretionary | PairCorr |
The ability to find closely correlated positions to VanEck Gaming 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 Gaming 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 Gaming - 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 Gaming ETF to buy it.
The correlation of VanEck Gaming 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 Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Gaming ETF 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 Gaming 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 the analysis of VanEck Gaming Correlation against competitors. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
The market value of VanEck Gaming 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 Gaming's value that differs from its market value or its book value, called intrinsic value, which is VanEck Gaming'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 Gaming's market value can be influenced by many factors that don't directly affect VanEck Gaming'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 Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Gaming'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.