VanEck Gold Five Year Return vs. Price To Earning
| GDX Etf | CHF 37.15 0.24 0.64% |
For VanEck Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of VanEck Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well VanEck Gold Miners utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between VanEck Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of VanEck Gold Miners over time as well as its relative position and ranking within its peers.
VanEck |
VanEck Gold Miners Price To Earning vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining VanEck Gold's current stock value. Our valuation model uses many indicators to compare VanEck Gold value to that of its competitors to determine the firm's financial worth. VanEck Gold Miners is rated # 2 ETF in five year return as compared to similar ETFs. It is one of the top ETFs in price to earning as compared to similar ETFs reporting about 3.35 of Price To Earning per Five Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the VanEck Gold's earnings, one of the primary drivers of an investment's value.VanEck Price To Earning vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
VanEck Gold |
| = | 7.22 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
VanEck Gold |
| = | 24.18 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
VanEck Price To Earning Comparison
VanEck Gold is currently under evaluation in price to earning as compared to similar ETFs.
VanEck Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in VanEck Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, VanEck Gold will eventually generate negative long term returns. The profitability progress is the general direction of VanEck Gold's change in net profit over the period of time. It can combine multiple indicators of VanEck Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The Funds investment objective is to track, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index . VanEck Gold is traded on Switzerland Exchange in Switzerland.
VanEck Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on VanEck Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of VanEck Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the VanEck Gold's important profitability drivers and their relationship over time.
Use VanEck Gold in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if VanEck Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in VanEck Gold will appreciate offsetting losses from the drop in the long position's value.VanEck Gold Pair Trading
VanEck Gold Miners Pair Trading Analysis
The ability to find closely correlated positions to VanEck Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace VanEck Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back VanEck Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling VanEck Gold Miners to buy it.
The correlation of VanEck Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VanEck Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VanEck Gold Miners moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for VanEck Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your VanEck Gold position
In addition to having VanEck Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Theme ETFs Thematic Idea Now
Theme ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Theme ETFs theme has 484 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Theme ETFs Theme or any other thematic opportunities.
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Additional Information and Resources on Investing in VanEck Etf
When determining whether VanEck Gold Miners offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Vaneck Gold Miners Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Gold Miners Etf:Check out Risk vs Return Analysis. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
To fully project VanEck Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of VanEck Gold Miners at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include VanEck Gold's income statement, its balance sheet, and the statement of cash flows.