Vaneck Gold Miners Etf Technical Analysis

GDX Etf  USD 31.62  0.66  2.13%   
As of the 29th of March, VanEck Gold has the Semi Deviation of 1.9, coefficient of variation of 8839.6, and Risk Adjusted Performance of 0.0135. VanEck Gold technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the etf's future prices. In other words, you can use this information to find out if the etf will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down nineteen technical drivers for VanEck Gold Miners, which can be compared to its competition. Please validate VanEck Gold Miners coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if VanEck Gold is priced more or less accurately, providing market reflects its prevalent price of 31.62 per share.

VanEck Gold Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as VanEck, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to VanEck
  
VanEck Gold's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
VanEck Gold technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
A focus of VanEck Gold technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of VanEck Gold trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

VanEck Gold Miners Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of VanEck Gold Miners volatility. High ATR values indicate high volatility, and low values indicate low volatility.

VanEck Gold Miners Trend Analysis

Use this graph to draw trend lines for VanEck Gold Miners. You can use it to identify possible trend reversals for VanEck Gold as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual VanEck Gold price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

VanEck Gold Best Fit Change Line

The following chart estimates an ordinary least squares regression model for VanEck Gold Miners applied against its price change over selected period. The best fit line has a slop of   0.02  , which may imply that VanEck Gold Miners will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 10.06, which is the sum of squared deviations for the predicted VanEck Gold price change compared to its average price change.

About VanEck Gold Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of VanEck Gold Miners on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of VanEck Gold Miners based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on VanEck Gold Miners price pattern first instead of the macroeconomic environment surrounding VanEck Gold Miners. By analyzing VanEck Gold's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of VanEck Gold's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to VanEck Gold specific price patterns or momentum indicators. Please read more on our technical analysis page.

VanEck Gold March 29, 2024 Technical Indicators

Most technical analysis of VanEck help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for VanEck from various momentum indicators to cycle indicators. When you analyze VanEck charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

VanEck Gold Miners One Year Return

Based on the recorded statements, VanEck Gold Miners has an One Year Return of -0.1%. This is 98.08% lower than that of the VanEck family and significantly lower than that of the Equity Precious Metals category. The one year return for all United States etfs is 89.69% lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

VanEck Gold March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as VanEck stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether VanEck Gold Miners offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Gold'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 Gold Miners Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Gold Miners Etf:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Gold Miners. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
Note that the VanEck Gold Miners information on this page should be used as a complementary analysis to other VanEck Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

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When running VanEck Gold's price analysis, check to measure VanEck Gold'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 Gold is operating at the current time. Most of VanEck Gold's value examination focuses on studying past and present price action to predict the probability of VanEck Gold'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 Gold's price. Additionally, you may evaluate how the addition of VanEck Gold to your portfolios can decrease your overall portfolio volatility.
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The market value of VanEck Gold Miners 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is VanEck Gold'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 Gold's market value can be influenced by many factors that don't directly affect VanEck Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Gold'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.