VanEck Gold is trading at 37.66 as of the 30th of November 2024; that is 0.56 percent increase since the beginning of the trading day. The etf's open price was 37.45. VanEck Gold has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for VanEck Gold Miners are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund normally invests at least 80 percent of its total assets in common stocks and depositary receipts of companies involved in the gold mining industry. Vaneck Gold is traded on NYSEARCA Exchange in the United States. More on VanEck Gold Miners
VanEck Gold Miners [GDX] is traded in USA and was established 2006-05-16. The fund is classified under Equity Precious Metals category within VanEck family. The entity is thematically classified as Sector ETFs. VanEck Gold Miners currently have 9.35 B in assets under management (AUM). , while the total return for the last 3 years was 7.0%.
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Geographic Allocation (%)
VanEck Gold Miners Currency Exposure
VanEck Gold Miners holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of VanEck Gold will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in VanEck Gold Miners.
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.
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 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 unemployment.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
The market value of VanEck Gold Miners 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is VanEck Gold'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 Gold's market value can be influenced by many factors that don't directly affect VanEck Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Gold'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.