Vaneck Gaming Etf Performance
| BJK Etf | USD 39.65 0.69 1.71% |
The entity has a beta of -0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning VanEck Gaming are expected to decrease at a much lower rate. During the bear market, VanEck Gaming is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days VanEck Gaming ETF has generated negative risk-adjusted returns adding no value to investors with long positions. Despite quite persistent forward-looking indicators, VanEck Gaming is not utilizing all of its potentials. The new stock price mess, may contribute to short-term losses for the institutional investors. ...more
| In Threey Sharp Ratio | -0.05 |
VanEck |
VanEck Gaming Relative Risk vs. Return Landscape
If you would invest 4,074 in VanEck Gaming ETF on December 21, 2024 and sell it today you would lose (109.00) from holding VanEck Gaming ETF or give up 2.68% of portfolio value over 90 days. VanEck Gaming ETF is generating negative expected returns assuming volatility of 1.324% on return distribution over 90 days investment horizon. In other words, 11% of etfs are less volatile than VanEck, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
VanEck Gaming Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Gaming's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as VanEck Gaming ETF, and traders can use it to determine the average amount a VanEck Gaming's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0276
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BJK |
Estimated Market Risk
| 1.32 actual daily | 11 89% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average VanEck Gaming 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 Gaming by adding VanEck Gaming to a well-diversified portfolio.
VanEck Gaming Fundamentals Growth
VanEck Etf prices reflect investors' perceptions of the future prospects and financial health of VanEck Gaming, and VanEck Gaming fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on VanEck Etf performance.
| Price To Earning | 21.16 X | |||
| Price To Book | 2.71 X | |||
| Price To Sales | 2.32 X | |||
| Total Asset | 60.56 M | |||
About VanEck Gaming Performance
By examining VanEck Gaming's fundamental ratios, stakeholders can obtain critical insights into VanEck Gaming's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that VanEck Gaming is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index. Vaneck Gaming is traded on NYSEARCA Exchange in the United States.| VanEck Gaming ETF generated a negative expected return over the last 90 days | |
| The fund holds 98.46% of its assets under management (AUM) in equities |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VanEck Gaming 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 inflation. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of VanEck Gaming 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 Gaming's value that differs from its market value or its book value, called intrinsic value, which is VanEck Gaming'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 Gaming's market value can be influenced by many factors that don't directly affect VanEck Gaming'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 Gaming's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Gaming is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Gaming'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.