Vaneck Chinext Etf Performance
| CNXT Etf | USD 28.59 1.16 3.90% |
The entity has a beta of -0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning VanEck ChiNext are expected to decrease at a much lower rate. During the bear market, VanEck ChiNext is likely to outperform the market.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in VanEck ChiNext ETF are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively weak basic indicators, VanEck ChiNext unveiled solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | 4 ETF Investing Areas That Ruled Last Week - Yahoo Finance | 10/07/2024 |
| In Threey Sharp Ratio | -0.45 |
VanEck |
VanEck ChiNext Relative Risk vs. Return Landscape
If you would invest 2,014 in VanEck ChiNext ETF on August 25, 2024 and sell it today you would earn a total of 845.00 from holding VanEck ChiNext ETF or generate 41.96% return on investment over 90 days. VanEck ChiNext ETF is currently generating 0.7185% in daily expected returns and assumes 5.8873% risk (volatility on return distribution) over the 90 days horizon. In different words, 52% of etfs are less volatile than VanEck, and 86% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
VanEck ChiNext Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck ChiNext's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as VanEck ChiNext ETF, and traders can use it to determine the average amount a VanEck ChiNext's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.122
| Best Portfolio | Best Equity | |||
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| Small Returns | CNXT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.89 actual daily | 52 52% of assets are less volatile |
Expected Return
| 0.72 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.12 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.
VanEck ChiNext Fundamentals Growth
VanEck Etf prices reflect investors' perceptions of the future prospects and financial health of VanEck ChiNext, and VanEck ChiNext fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on VanEck Etf performance.
| Price To Earning | 32.99 X | |||
| Price To Book | 4.41 X | |||
| Price To Sales | 3.20 X | |||
| Earnings Per Share | (0.34) X | |||
| Total Asset | 19.24 M | |||
About VanEck ChiNext Performance
Assessing VanEck ChiNext's fundamental ratios provides investors with valuable insights into VanEck ChiNext's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the VanEck ChiNext is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index. Vaneck Chinaamc is traded on NYSEARCA Exchange in the United States.| VanEck ChiNext ETF is way too risky over 90 days horizon | |
| VanEck ChiNext ETF appears to be risky and price may revert if volatility continues | |
| The fund created three year return of -16.0% | |
| VanEck ChiNext ETF holds 96.19% of its assets under management (AUM) in equities |
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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
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.