VanEck Environmental Financial Statements From 2010 to 2024
| EVX Etf | USD 184.93 0.33 0.18% |
Check VanEck Environmental financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among VanEck Environmental's main balance sheet or income statement drivers, such as , as well as many indicators such as . VanEck financial statements analysis is a perfect complement when working with VanEck Environmental Valuation or Volatility modules.
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VanEck Environmental Services ETF Beta Analysis
VanEck Environmental's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current VanEck Environmental Beta | 1.06 |
Most of VanEck Environmental's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, VanEck Environmental Services is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, VanEck Environmental Services has a Beta of 1.06. This is much higher than that of the VanEck family and significantly higher than that of the Industrials category. The beta for all United States etfs is notably lower than that of the firm.
VanEck Environmental Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining VanEck Environmental's current stock value. Our valuation model uses many indicators to compare VanEck Environmental value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across VanEck Environmental competition to find correlations between indicators driving VanEck Environmental's intrinsic value. More Info.VanEck Environmental Services is one of the top ETFs in price to earning as compared to similar ETFs. It also is one of the top ETFs in price to book as compared to similar ETFs fabricating about 0.10 of Price To Book per Price To Earning. The ratio of Price To Earning to Price To Book for VanEck Environmental Services is roughly 9.86 . 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 Environmental's earnings, one of the primary drivers of an investment's value.About VanEck Environmental Financial Statements
VanEck Environmental investors use historical fundamental indicators, such as VanEck Environmental's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in VanEck Environmental. Please read more on our technical analysis and fundamental analysis pages.
The fund normally invests at least 80 percent of its total assets in common stocks and ADRs of companies involved in the environmental services industry. Vaneck Environmental is traded on NYSEARCA Exchange in the United States.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether VanEck Environmental offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of VanEck Environmental'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 Environmental Services Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Vaneck Environmental Services Etf:Check out the analysis of VanEck Environmental Correlation against competitors. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of VanEck Environmental 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 Environmental's value that differs from its market value or its book value, called intrinsic value, which is VanEck Environmental'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 Environmental's market value can be influenced by many factors that don't directly affect VanEck Environmental'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 Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Environmental'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.