Vaneck Gaming Etf Price on June 27, 2024
| BJK Etf | USD 44.49 0.12 0.27% |
If you're considering investing in VanEck Etf, it is important to understand the factors that can impact its price. As of today, the current price of VanEck Gaming stands at 44.49, as last reported on the 28th of November, with the highest price reaching 44.64 and the lowest price hitting 44.38 during the day. As of now, VanEck Etf is very steady. VanEck Gaming ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Gaming ETF, which you can use to evaluate the volatility of the etf. Please validate VanEck Gaming's Risk Adjusted Performance of 0.0955, coefficient of variation of 828.05, and Semi Deviation of 1.1 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%.
VanEck Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
VanEck |
Sharpe Ratio = 0.1208
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Estimated Market Risk
| 1.09 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.13 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average VanEck Gaming is performing at about 9% 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 Gaming by adding it to a well-diversified portfolio.
VanEck Gaming Valuation on June 27, 2024
It is possible to determine the worth of VanEck Gaming on a given historical date. On June 27, 2024 VanEck was worth 40.11 at the beginning of the trading date compared to the closed value of 40.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of VanEck Gaming etf. Still, in general, we apply an absolute valuation method to find VanEck Gaming'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 Gaming where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against VanEck Gaming's related companies.
| Open | High | Low | Close | Volume | |
| 39.80 | 40.00 | 39.78 | 40.00 | 2,568 | |
06/27/2024 | 40.11 | 40.23 | 40.09 | 40.10 | 1,826 |
| 40.32 | 40.34 | 40.14 | 40.34 | 1,112 |
| Backtest VanEck Gaming | | | VanEck Gaming History | | | VanEck Gaming Valuation | Previous | Next |
VanEck Gaming Trading Date Momentum on June 27, 2024
| On June 28 2024 VanEck Gaming ETF was traded for 40.34 at the closing time. Highest VanEck Gaming's price during the trading hours was 40.34 and the lowest price during the day was 40.14 . The net volume was 1.1 K. The overall trading history on the 28th of June contributed to the next trading period price upswing. The overall trading delta to the next next day price was 0.60% . The trading price change to current price is 0.12% . |
VanEck Gaming ETF Fundamentals Correlations and Trends
By evaluating VanEck Gaming'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 Gaming'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 Gaming Etf history
VanEck Gaming 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 Gaming ETF 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 Gaming stock prices may prove useful in developing a viable investing in VanEck Gaming
VanEck Gaming Etf Technical Analysis
VanEck Gaming 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 Gaming Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
VanEck Gaming ETF cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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 Gaming November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how VanEck Gaming 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 Gaming shares will generate the highest return on investment. By undertsting and applying VanEck Gaming etf market strength indicators, traders can identify VanEck Gaming ETF entry and exit signals to maximize returns
VanEck Gaming Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for VanEck Gaming'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 | 0.0955 | |||
| Jensen Alpha | 0.0473 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0046 | |||
| Treynor Ratio | 0.189 |
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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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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.