Vaneck Chinext Etf Price on January 17, 2024
| CNXT Etf | USD 29.36 0.34 1.14% |
Below is the normalized historical share price chart for VanEck ChiNext ETF extending back to July 24, 2014. 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 ChiNext stands at 29.36, as last reported on the 12th of December 2024, with the highest price reaching 29.89 and the lowest price hitting 29.36 during the day.
If you're considering investing in VanEck Etf, it is important to understand the factors that can impact its price. VanEck ChiNext appears to be not too volatile, given 3 months investment horizon. VanEck ChiNext ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the etf had a 0.13% return per unit of risk over the last 3 months. By inspecting VanEck ChiNext's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please review VanEck ChiNext's Risk Adjusted Performance of 0.1009, coefficient of variation of 784.39, and Semi Deviation of 4.55 to confirm if our risk estimates are consistent with your expectations.
VanEck Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 35.37 | 200 Day MA 24.3022 | 1 y Volatility 46.66 | 50 Day MA 30.2002 | Inception Date 2014-07-23 |
VanEck |
Sharpe Ratio = 0.1269
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Estimated Market Risk
| 6.09 actual daily | 54 54% of assets are less volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average VanEck ChiNext 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 ChiNext by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 18.7 K |
VanEck ChiNext Valuation on January 17, 2024
It is possible to determine the worth of VanEck ChiNext on a given historical date. On January 17, 2024 VanEck was worth 21.64 at the beginning of the trading date compared to the closed value of 21.69. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of VanEck ChiNext etf. Still, in general, we apply an absolute valuation method to find VanEck ChiNext'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 ChiNext where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against VanEck ChiNext's related companies.
| Open | High | Low | Close | Volume | |
| 22.30 | 22.41 | 22.30 | 22.33 | 1,180 | |
01/17/2024 | 21.64 | 21.70 | 21.64 | 21.69 | 3,000 |
| 21.92 | 22.10 | 21.92 | 22.07 | 1,900 |
| Backtest VanEck ChiNext | | | VanEck ChiNext History | | | VanEck ChiNext Valuation | Previous | Next |
VanEck ChiNext Trading Date Momentum on January 17, 2024
| On January 18 2024 VanEck ChiNext ETF was traded for 22.07 at the closing time. The top price for the day was 22.10 and the lowest listed price was 21.92 . The trading volume for the day was 1.9 K. The trading history from January 18, 2024 was a factor to the next trading day price appreciation. The overall trading delta against the next closing price was 1.75% . The trading price change against the current closing price is 2.86% . |
VanEck ChiNext ETF Fundamentals Correlations and Trends
By evaluating VanEck ChiNext'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 ChiNext'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 ChiNext Etf history
VanEck ChiNext 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 ChiNext 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 ChiNext stock prices may prove useful in developing a viable investing in VanEck ChiNext
VanEck ChiNext Etf Technical Analysis
VanEck ChiNext 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 ChiNext Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
VanEck ChiNext ETF 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 ChiNext December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how VanEck ChiNext 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 ChiNext shares will generate the highest return on investment. By undertsting and applying VanEck ChiNext etf market strength indicators, traders can identify VanEck ChiNext ETF entry and exit signals to maximize returns
VanEck ChiNext Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for VanEck ChiNext'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 | 0.1009 | |||
| Jensen Alpha | 0.8728 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.1256 | |||
| Treynor Ratio | (0.74) |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VanEck ChiNext 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 interest. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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.