VanEck ChiNext Financial Statements From 2010 to 2024
| CNXT Etf | USD 28.04 0.42 1.48% |
Check VanEck ChiNext financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among VanEck ChiNext's main balance sheet or income statement drivers, such as , as well as many indicators such as . VanEck financial statements analysis is a perfect complement when working with VanEck ChiNext Valuation or Volatility modules.
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VanEck ChiNext ETF ETF Beta Analysis
VanEck ChiNext'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 ChiNext Beta | 0.72 |
Most of VanEck ChiNext'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 ChiNext 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 ChiNext ETF has a Beta of 0.72. This is much higher than that of the VanEck family and significantly higher than that of the China Region category. The beta for all United States etfs is notably lower than that of the firm.
VanEck ChiNext ETF Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining VanEck ChiNext's current stock value. Our valuation model uses many indicators to compare VanEck ChiNext value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across VanEck ChiNext competition to find correlations between indicators driving VanEck ChiNext's intrinsic value. More Info.VanEck ChiNext ETF is the top ETF in price to earning as compared to similar ETFs. It also 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 ChiNext ETF is roughly 7.48 . Comparative valuation analysis is a catch-all technique that is used if you cannot value VanEck ChiNext by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.About VanEck ChiNext Financial Statements
VanEck ChiNext shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although VanEck ChiNext investors may analyze each financial statement separately, they are all interrelated. The changes in VanEck ChiNext's assets and liabilities, for example, are also reflected in the revenues and expenses on on VanEck ChiNext's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index. Vaneck Chinaamc is traded on NYSEARCA Exchange in the United States.
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Check out the analysis of VanEck ChiNext Correlation against competitors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of VanEck ChiNext 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 ChiNext's value that differs from its market value or its book value, called intrinsic value, which is VanEck ChiNext'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 ChiNext's market value can be influenced by many factors that don't directly affect VanEck ChiNext'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 ChiNext's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck ChiNext is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck ChiNext'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.