VanEck Gold Valuation
| GDX Etf | USD 44.50 0.66 1.46% |
At this time, the etf appears to be undervalued. VanEck Gold Miners has a current Real Value of $47.03 per share. The regular price of the etf is $44.5. Our model measures the value of VanEck Gold Miners from inspecting the etf fundamentals such as Total Asset of 9.35 B, price to earning of 24.94 X, and Number Of Employees of 13 as well as reviewing its technical indicators and probability of bankruptcy.
Undervalued
Today
Please note that VanEck Gold's price fluctuation is very steady at this time. Calculation of the real value of VanEck Gold Miners is based on 3 months time horizon. Increasing VanEck Gold's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since VanEck Gold is currently traded on the exchange, buyers and sellers on that exchange determine the market value of VanEck Etf. However, VanEck Gold's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 44.5 | Real 47.03 | Hype 44.5 | Naive 47.04 |
The intrinsic value of VanEck Gold's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence VanEck Gold's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of VanEck Gold Miners helps investors to forecast how VanEck etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of VanEck Gold more accurately as focusing exclusively on VanEck Gold's fundamentals will not take into account other important factors: About VanEck Gold Valuation
Our relative valuation model uses a comparative analysis of VanEck Gold. We calculate exposure to VanEck Gold's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of VanEck Gold's related companies.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.
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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
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.