Vaneck Steel Etf Price on September 3, 2024
| SLX Etf | USD 63.78 0.64 0.99% |
Below is the normalized historical share price chart for VanEck Steel ETF extending back to October 16, 2006. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of VanEck Steel stands at 63.78, as last reported on the 18th of December 2024, with the highest price reaching 63.95 and the lowest price hitting 63.18 during the day.
If you're considering investing in VanEck Etf, it is important to understand the factors that can impact its price. VanEck Steel ETF owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.055, which indicates the etf had a -0.055% return per unit of risk over the last 3 months. VanEck Steel ETF exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate VanEck Steel's insignificant Risk Adjusted Performance, variance of 2.65, and Coefficient Of Variation of (9,185) to confirm the risk estimate we provide.
VanEck Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 31.14 | 200 Day MA 68.7632 | 1 y Volatility 19.35 | 50 Day MA 69.2472 | Inception Date 2006-10-10 |
VanEck |
Sharpe Ratio = -0.055
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SLX |
Estimated Market Risk
| 1.6 actual daily | 14 86% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average VanEck Steel is not performing at its full potential. However, 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 VanEck Steel to a well-diversified portfolio.
Average Mkt Cap Mil 11.8 K |
VanEck Steel Valuation on September 3, 2024
It is possible to determine the worth of VanEck Steel on a given historical date. On September 3, 2024 VanEck was worth 65.5 at the beginning of the trading date compared to the closed value of 63.34. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of VanEck Steel etf. Still, in general, we apply an absolute valuation method to find VanEck Steel's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of VanEck Steel where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against VanEck Steel's related companies.
| Open | High | Low | Close | Volume | |
| 66.34 | 66.67 | 66.11 | 66.60 | 5,319 | |
09/03/2024 | 65.50 | 65.50 | 63.30 | 63.34 | 26,945 |
| 63.23 | 63.79 | 62.79 | 62.80 | 5,365 |
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VanEck Steel Trading Date Momentum on September 3, 2024
| On September 04 2024 VanEck Steel ETF was traded for 62.80 at the closing time. Highest VanEck Steel's price during the trading hours was 63.79 and the lowest price during the day was 62.79 . The net volume was 5.4 K. The overall trading history on the 4th of September contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.85% . The trading price change to current price is 2.02% . |
VanEck Steel ETF Fundamentals Correlations and Trends
By evaluating VanEck Steel's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among VanEck Steel's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. VanEck financial account trend analysis is a perfect complement when working with valuation or volatility modules.About VanEck Steel Etf history
VanEck Steel investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for VanEck is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in VanEck Steel ETF will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing VanEck Steel stock prices may prove useful in developing a viable investing in VanEck Steel
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.
VanEck Steel Etf Technical Analysis
VanEck Steel 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.
Price Boundaries
VanEck Steel Period Price Range
Low | December 18, 2024
| High |
0.00 | 0.00 |
VanEck Steel ETF cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
VanEck Steel December 18, 2024 Market Strength
Market strength indicators help investors to evaluate how VanEck Steel 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 Steel shares will generate the highest return on investment. By undertsting and applying VanEck Steel etf market strength indicators, traders can identify VanEck Steel ETF entry and exit signals to maximize returns
VanEck Steel Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for VanEck Steel's price direction in advance. Along with the technical and fundamental analysis of VanEck Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of VanEck to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.02) |
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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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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.