Vaneck Junior Gold Etf Alpha and Beta Analysis
GDXJ Etf | USD 40.91 0.14 0.34% |
This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as VanEck Junior Gold. It also helps investors analyze the systematic and unsystematic risks associated with investing in VanEck Junior over a specified time horizon. Remember, high VanEck Junior's alpha is almost always a sign of good performance; however, a high beta will depend on investors' risk tolerance level and may signal increased volatility and potential future overvaluation. Key technical indicators related to VanEck Junior's market risk premium analysis include:
Beta 1.92 | Alpha 0.2 | Risk 2.2 | Sharpe Ratio 0.17 | Expected Return 0.36 |
Alpha is a measure of relative performance on a risk-adjusted basis, while beta measures volatility against the benchmark. The goal is to know if an investor is being compensated for the volatility risk taken. The return on investment might be better than its reference but still not compensate for the assumption of the risk.
VanEck |
VanEck Junior Market Premiums
Investors always prefer to have the highest possible return on investment, coupled with the lowest possible volatility. VanEck Junior market risk premium is the additional return an investor will receive from holding VanEck Junior long position in a well-diversified portfolio. 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 Junior. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Alpha and beta are two of the key measurements used to evaluate VanEck Junior's performance over market.α | 0.20 | β | 1.92 |
VanEck Junior expected buy-and-hold returns
Although buy-and-hold investment strategy may not appeal to all investors, it may be used as a good measure of VanEck Junior's Buy-and-hold return. Our buy-and-hold chart shows how VanEck Junior performed over your current time horizon against a typical interest-earning bank account and a selected benchmark.VanEck Junior Market Price Analysis
Market price analysis indicators help investors to evaluate how VanEck Junior 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 Junior shares will generate the highest return on investment. By understating and applying VanEck Junior etf market price indicators, traders can identify VanEck Junior position entry and exit signals to maximize returns.
VanEck Junior Return and Market Media
The median price of VanEck Junior for the period between Sat, Feb 3, 2024 and Fri, May 3, 2024 is 36.52 with a coefficient of variation of 10.34. The daily time series for the period is distributed with a sample standard deviation of 3.82, arithmetic mean of 36.93, and mean deviation of 3.33. The Etf received substential amount of media coverage during this period. Price Growth (%) |
Timeline |
1 | Clear Reversal In Junior Mining Stocks Top Is Gold Price Is Likely In | 03/06/2024 |
2 | Gold Price The Test | 03/18/2024 |
3 | Clear Messages From BoJ And Gold Stocks To Gold Investors | 03/20/2024 |
4 | Trend Tracker for - Stock Traders Daily | 04/18/2024 |
5 | Gold Prices Behavior Is Normal | 04/25/2024 |
6 | GoldSilver 730 a.m. Data Dump, Owning Gold vs GDX or GDXJ, Bitcoin ETF Inflows pass 6 Billion - Metals Minute w ... - The Globe and Mail | 05/01/2024 |
About VanEck Junior Beta and Alpha
For many years both, Alpha and Beta indicators are used by professional money managers as critical performance measurement tools across virtually all financial instruments including VanEck or other etfs. Alpha measures the amount that position in VanEck Junior Gold has returned in comparison to a selected market index or another relevant benchmark. In other words, Alpha is the excess return on an investment relative to the performance of your selected benchmark. Beta, on the other hand, measures the relative risk of your investment.
VanEck Junior Implied Volatility | 87.45 |
VanEck Junior's implied volatility exposes the market's sentiment of VanEck Junior Gold stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if VanEck Junior's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that VanEck Junior stock will not fluctuate a lot when VanEck Junior's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards VanEck Junior in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, VanEck Junior's short interest history, or implied volatility extrapolated from VanEck Junior options trading.
Build Portfolio with VanEck Junior
Your optimized portfolios are the building block of your wealth. We provide an intuitive interface to determine which securities in a portfolio should be removed or rebalanced to achieve better diversification, find the right mix of securities that minimizes portfolio risk for a given return, or maximize portfolio expected return for a given risk level.Build Diversified Portfolios
Align your risk with return expectations
Check out VanEck Junior Backtesting, Portfolio Optimization, VanEck Junior Correlation, VanEck Junior Hype Analysis, VanEck Junior Volatility, VanEck Junior History and analyze VanEck Junior Performance. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
VanEck Junior 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.