Vaneck Steel Etf Performance
| SLX Etf | USD 70.43 0.52 0.74% |
The entity has a beta of 1.6, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, VanEck Steel will likely underperform.
Risk-Adjusted Performance
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in VanEck Steel ETF are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong essential indicators, VanEck Steel is not utilizing all of its potentials. The new stock price disturbance, may contribute to short-term losses for the investors. ...more
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| In Threey Sharp Ratio | 0.37 |
VanEck |
VanEck Steel Relative Risk vs. Return Landscape
If you would invest 6,717 in VanEck Steel ETF on August 24, 2024 and sell it today you would earn a total of 326.00 from holding VanEck Steel ETF or generate 4.85% return on investment over 90 days. VanEck Steel ETF is generating 0.0884% of daily returns assuming volatility of 1.7128% on return distribution over 90 days investment horizon. In other words, 15% of etfs are less volatile than VanEck, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
VanEck Steel Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Steel's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as VanEck Steel ETF, and traders can use it to determine the average amount a VanEck Steel'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 = 0.0516
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Estimated Market Risk
| 1.71 actual daily | 15 85% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average VanEck Steel is performing at about 4% 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 Steel by adding it to a well-diversified portfolio.
VanEck Steel Fundamentals Growth
VanEck Etf prices reflect investors' perceptions of the future prospects and financial health of VanEck Steel, and VanEck Steel 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 | 17.01 X | |||
| Price To Book | 1.39 X | |||
| Price To Sales | 0.66 X | |||
| Total Asset | 77.49 M | |||
About VanEck Steel Performance
Evaluating VanEck Steel's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if VanEck Steel has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if VanEck Steel has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies involved in the steel sector. Vaneck Steel is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: China Will Weigh Heavily on the Allure of Copper - ETF Trends | |
| The fund maintains 99.77% of its assets in stocks |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in VanEck Steel 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 bureau of economic analysis. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
The market value of VanEck Steel 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 Steel's value that differs from its market value or its book value, called intrinsic value, which is VanEck Steel'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 Steel's market value can be influenced by many factors that don't directly affect VanEck Steel'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 Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Steel'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.