Vaneck Gold Miners Etf Alpha and Beta Analysis
| GDX Etf | USD 38.28 0.14 0.37% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as VanEck Gold Miners. It also helps investors analyze the systematic and unsystematic risks associated with investing in VanEck Gold over a specified time horizon. Remember, high VanEck Gold's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to VanEck Gold's market risk premium analysis include:
Beta 0.22 | Alpha (0.04) | Risk 1.96 | Sharpe Ratio (0.01) | Expected Return (0.02) |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
VanEck |
VanEck Gold Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. VanEck Gold market risk premium is the additional return an investor will receive from holding VanEck Gold long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in VanEck Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate VanEck Gold's performance over market.| α | -0.04 | β | 0.22 |
VanEck Gold expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of VanEck Gold's Buy-and-hold return. Our buy-and-hold chart shows how VanEck Gold performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.VanEck Gold Market Price Analysis
Market price analysis indicators help investors to evaluate how VanEck Gold 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 Gold shares will generate the highest return on investment. By understating and applying VanEck Gold etf market price indicators, traders can identify VanEck Gold position entry and exit signals to maximize returns.
VanEck Gold Return and Market Media
The median price of VanEck Gold for the period between Tue, Aug 27, 2024 and Mon, Nov 25, 2024 is 39.56 with a coefficient of variation of 4.9. The daily time series for the period is distributed with a sample standard deviation of 1.93, arithmetic mean of 39.44, and mean deviation of 1.5. The Etf received substential amount of media coverage during this period. Price Growth (%) |
| Timeline |
1 | Top quant-rated Commodity miners as gold hits record highs | 09/26/2024 |
2 | Gold Mining Stocks Notch Ninth Positive Day, Hit August 2020 Highs Today Is A Good Time To Add Exposure, Analyst Says | 10/22/2024 |
3 | NEM Earnings Sell Off Is A Buying Opportunity | 10/24/2024 |
4 | VanEck Gold Miners ETF Shares Sold by MONECO Advisors LLC | 10/30/2024 |
5 | Centennial Wealth Advisory LLC Acquires 267 Shares of VanEck Gold Miners ETF | 11/06/2024 |
6 | Nations Financial Group Inc. IA ADV Boosts Stake in VanEck Gold Miners ETF | 11/12/2024 |
7 | Gold-Miners-Based RSI Says Buy | 11/15/2024 |
8 | Spike In Volume | 11/19/2024 |
9 | Gold Will Double Or Triple If They Monetize Debt In Trumps Term | 11/21/2024 |
About VanEck Gold Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including VanEck or other etfs. Alpha measures the amount that position in VanEck Gold Miners has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards VanEck Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, VanEck Gold's short interest history, or implied volatility extrapolated from VanEck Gold options trading.
Build Portfolio with VanEck Gold
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Check out VanEck Gold Backtesting, Portfolio Optimization, VanEck Gold Correlation, VanEck Gold Hype Analysis, VanEck Gold Volatility, VanEck Gold History and analyze VanEck Gold Performance. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
VanEck Gold 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.