VanEck Gaming Financials
| BJK Etf | USD 44.00 0.41 0.94% |
VanEck |
The data published in VanEck Gaming's official financial statements typically reflect VanEck Gaming's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving VanEck Gaming's quantitative information. For example, before you start analyzing numbers published by VanEck accountants, it's essential to understand VanEck Gaming's liquidity, profitability, and earnings quality within the context of the VanEck space in which it operates.
VanEck Gaming Etf Summary
VanEck Gaming competes with Invesco Dynamic, Roundhill Sports, VanEck Video, Roundhill Video, and First Trust. 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.| Instrument | USA Etf View All |
| Exchange | NASDAQ Exchange |
| ISIN | US92189F8822 |
| CUSIP | 92189F882 57060U829 |
| Region | Global |
| Investment Issuer | Van Eck |
| Etf Family | VanEck |
| Fund Category | Sector |
| Portfolio Concentration | Consumer Discretionary |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
VanEck Gaming Key Financial Ratios
VanEck Financial Ratios 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 second largest 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 technique that is used if you cannot value VanEck Gaming 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.VanEck Gaming ETF Systematic Risk
VanEck Gaming's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. VanEck Gaming volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on VanEck Gaming ETF correlated with the market. If Beta is less than 0 VanEck Gaming generally moves in the opposite direction as compared to the market. If VanEck Gaming Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one VanEck Gaming ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of VanEck Gaming is generally in the same direction as the market. If Beta > 1 VanEck Gaming moves generally in the same direction as, but more than the movement of the benchmark.
VanEck Gaming Thematic Clasifications
VanEck Gaming ETF is part of several thematic ideas from Sector ETFs to Consumer Discretionary ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasVanEck Gaming November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of VanEck Gaming help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of VanEck Gaming ETF. We use our internally-developed statistical techniques to arrive at the intrinsic value of VanEck Gaming ETF based on widely used predictive technical indicators. In general, we focus on analyzing VanEck Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build VanEck Gaming's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.29 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 6.27 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.43 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VanEck Gaming ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in inflation. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.