Vaneck Gold Miners Etf Performance
| GDX Etf | USD 33.12 0.07 0.21% |
The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, VanEck Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Gold is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in VanEck Gold Miners are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of fairly uncertain fundamental indicators, VanEck Gold showed solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Higher Stocks And Higher Gold Price Miners Dont Even Care Anymore. | 02/23/2024 |
2 | Powells comfort aside, golds record run could signal central banks inflation fear | 03/06/2024 |
3 | Gold touches record high as Fed paints Goldilocks scenario for prices | 03/21/2024 |
4 | Gold jumps to another record high after Powells remarks silver best since June 2021 | 04/03/2024 |
5 | Gold Miners ETF Extending Higher In Impulsive Structure | 04/04/2024 |
6 | Gold adds to record breaking run ahead of U.S. inflation data, Fed meeting minutes | 04/09/2024 |
7 | Gold Where Will It Go After This Record-Breaking Run | 04/11/2024 |
8 | Gold Is At An All-Time High. What Does That Mean For Markets | 04/15/2024 |
9 | Gold extends record run as prices near 2,400 Citi sees 3,000 on the horizon | 04/16/2024 |
10 | Gold Miners And Gold Are Not The Same | 04/18/2024 |
11 | Golds Remarkable Breakout | 04/19/2024 |
12 | Bigger Trend Is Still Up For The Market | 04/23/2024 |
| In Threey Sharp Ratio | 0.10 |
VanEck |
VanEck Gold Relative Risk vs. Return Landscape
If you would invest 2,807 in VanEck Gold Miners on January 26, 2024 and sell it today you would earn a total of 505.00 from holding VanEck Gold Miners or generate 17.99% return on investment over 90 days. VanEck Gold Miners is generating 0.2828% of daily returns assuming volatility of 2.007% on return distribution over 90 days investment horizon. In other words, 17% of etfs are less volatile than VanEck, and above 95% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
VanEck Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Gold's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as VanEck Gold Miners, and traders can use it to determine the average amount a VanEck Gold's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1409
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | GDX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 2.01 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average VanEck Gold is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of VanEck Gold by adding it to a well-diversified portfolio.
VanEck Gold Fundamentals Growth
VanEck Etf prices reflect investors' perceptions of the future prospects and financial health of VanEck Gold, and VanEck Gold fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on VanEck Etf performance.
| Price To Earning | 24.94 X | |||
| Price To Book | 1.27 X | |||
| Price To Sales | 2.24 X | |||
| Total Asset | 9.35 B | |||
About VanEck Gold Performance
To evaluate VanEck Gold Miners Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when VanEck Gold generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare VanEck Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand VanEck Gold Miners market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents VanEck's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. Vaneck Gold is traded on NYSEARCA Exchange in the United States.| Latest headline from talkmarkets.com: Bigger Trend Is Still Up For The Market | |
| The fund generated three year return of -1.0% | |
| VanEck Gold Miners retains 100.39% of its assets under management (AUM) in equities |
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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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.