Vaneck Gold Miners Etf Beta
| GDX Etf | 57.13 0.77 1.33% |
VanEck Gold Miners fundamentals help investors to digest information that contributes to VanEck Gold's financial success or failures. It also enables traders to predict the movement of VanEck Etf. The fundamental analysis module provides a way to measure VanEck Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to VanEck Gold etf.
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VanEck Gold Miners ETF Beta Analysis
VanEck Gold'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 Gold Beta | 0.64 |
Most of VanEck Gold'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 Gold Miners 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 Gold Miners has a Beta of 0.64. This is much higher than that of the family and significantly higher than that of the Equity Global Resources category. The beta for all Australia etfs is notably lower than that of the firm.
VanEck Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses VanEck Gold's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of VanEck Gold could also be used in its relative valuation, which is a method of valuing VanEck Gold by comparing valuation metrics of similar companies.VanEck Gold is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, VanEck Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding VanEck Gold is expected to be smaller as well.
About VanEck Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze VanEck Gold Miners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VanEck Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VanEck Gold Miners based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in VanEck Gold Miners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.