Vaneck Africa Index Etf Price on April 26, 2024
| AFK Etf | USD 16.60 0.07 0.42% |
Below is the normalized historical share price chart for VanEck Africa Index extending back to July 14, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of VanEck Africa stands at 16.60, as last reported on the 11th of December 2024, with the highest price reaching 16.65 and the lowest price hitting 16.45 during the day.
If you're considering investing in VanEck Etf, it is important to understand the factors that can impact its price. As of now, VanEck Etf is very steady. VanEck Africa Index owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0637, which indicates the etf had a 0.0637% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for VanEck Africa Index, which you can use to evaluate the volatility of the etf. Please validate VanEck Africa's Risk Adjusted Performance of 0.0625, semi deviation of 1.33, and Coefficient Of Variation of 1252.86 to confirm if the risk estimate we provide is consistent with the expected return of 0.0903%.
VanEck Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 19.52 | 200 Day MA 15.7105 | 1 y Volatility 14.94 | 50 Day MA 16.4548 | Inception Date 2008-07-10 |
VanEck |
Sharpe Ratio = 0.0637
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Estimated Market Risk
| 1.42 actual daily | 12 88% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 5 95% of assets perform better |
Based on monthly moving average VanEck Africa is performing at about 5% 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 Africa by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 7.8 K |
VanEck Africa Valuation on April 26, 2024
It is possible to determine the worth of VanEck Africa on a given historical date. On April 26, 2024 VanEck was worth 14.68 at the beginning of the trading date compared to the closed value of 14.94. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of VanEck Africa etf. Still, in general, we apply an absolute valuation method to find VanEck Africa's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of VanEck Africa where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against VanEck Africa's related companies.
| Open | High | Low | Close | Volume | |
| 14.52 | 14.61 | 14.51 | 14.56 | 2,400 | |
04/26/2024 | 14.68 | 14.94 | 14.68 | 14.94 | 6,800 |
| 14.90 | 15.10 | 14.79 | 15.09 | 7,349 |
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VanEck Africa Trading Date Momentum on April 26, 2024
| On April 29 2024 VanEck Africa Index was traded for 15.09 at the closing time. Highest VanEck Africa's price during the trading hours was 15.10 and the lowest price during the day was 14.79 . The net volume was 7.3 K. The overall trading history on the 29th of April contributed to the next trading period price upswing. The overall trading delta to the next next day price was 1.00% . The trading price change to current price is 1.81% . |
VanEck Africa Index Fundamentals Correlations and Trends
By evaluating VanEck Africa's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among VanEck Africa's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. VanEck financial account trend analysis is a perfect complement when working with valuation or volatility modules.About VanEck Africa Etf history
VanEck Africa investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for VanEck is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in VanEck Africa Index will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing VanEck Africa stock prices may prove useful in developing a viable investing in VanEck Africa
VanEck Africa Etf Technical Analysis
VanEck Africa 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.
Price Boundaries
VanEck Africa Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
VanEck Africa Index cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
VanEck Africa December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how VanEck Africa etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading VanEck Africa shares will generate the highest return on investment. By undertsting and applying VanEck Africa etf market strength indicators, traders can identify VanEck Africa Index entry and exit signals to maximize returns
VanEck Africa Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for VanEck Africa's price direction in advance. Along with the technical and fundamental analysis of VanEck Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of VanEck to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0625 | |||
| Jensen Alpha | 0.0603 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.2818 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VanEck Africa Index. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of VanEck Africa Index 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 Africa's value that differs from its market value or its book value, called intrinsic value, which is VanEck Africa'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 Africa's market value can be influenced by many factors that don't directly affect VanEck Africa'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 Africa's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Africa is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Africa'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.