Dam Etf Profile
DAM is selling at 11.47 as of the 19th of June 2024; that is No Change since the beginning of the trading day. The etf's lowest day price was 11.47. Equity ratings for DAM are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of June 2023 and ending today, the 19th of June 2024. Click here to learn more.
DAM Etf Highlights
| Old Names | [VanEck Digital Assets Mining ETF, Dent-A-Medical S.A.] |
| Business Concentration | Technology, VanEck (View all Sectors) |
| Nav Price | 12.15 |
| Two Hundred Day Average | 19.15 |
| Average Daily Volume In Three Month | 400 |
| Fifty Two Week Low | 7.69 |
| As Of Date | 25th of October 2022 |
| Average Daily Volume Last 10 Day | 850 |
| Fifty Two Week High | 46.05 |
| One Month | 0.42% |
| Fifty Day Average | 10.98 |
| Three Month | -18.88% |
DAM [DAM] is traded in USA and was established 2022-03-07. The fund is classified under Technology category within VanEck family. DAM currently have 1.23 M in assets under management (AUM).
Check DAM Probability Of Bankruptcy
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 DAM Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding DAM 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 DAM 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.
DAM Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. DAM market risk premium is the additional return an investor will receive from holding DAM 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 DAM. 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 DAM's alpha and beta are two of the key measurements used to evaluate DAM's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 3.98 | |||
| Semi Deviation | 3.9 | |||
| Standard Deviation | 5.38 | |||
| Variance | 28.96 |
DAM Against Markets
DAM Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DAM etf to make a market-neutral strategy. Peer analysis of DAM could also be used in its relative valuation, which is a method of valuing DAM by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Additional Information and Resources on Investing in DAM Etf
When determining whether DAM is a strong investment it is important to analyze DAM's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact DAM's future performance. For an informed investment choice regarding DAM Etf, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
The market value of DAM is measured differently than its book value, which is the value of DAM that is recorded on the company's balance sheet. Investors also form their own opinion of DAM's value that differs from its market value or its book value, called intrinsic value, which is DAM'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 DAM's market value can be influenced by many factors that don't directly affect DAM'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 DAM's value and its price as these two are different measures arrived at by different means. Investors typically determine if DAM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DAM'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.