Vaneck Oil Services Etf Price on January 26, 2024
| OIH Etf | USD 325.95 0.21 0.06% |
Below is the normalized historical share price chart for VanEck Oil Services extending back to February 07, 2001. 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 Oil stands at 325.95, as last reported on the 29th of April, with the highest price reaching 327.64 and the lowest price hitting 322.79 during the day.
If you're considering investing in VanEck Etf, it is important to understand the factors that can impact its price. We consider VanEck Oil very steady. VanEck Oil Services owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for VanEck Oil Services, which you can use to evaluate the volatility of the etf. Please validate VanEck Oil's Risk Adjusted Performance of 0.0713, semi deviation of 1.06, and Coefficient Of Variation of 939.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%.
VanEck Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 41.81 | 200 Day MA 322.8704 | 1 y Volatility 32.37 | 50 Day MA 321.705 | Inception Date 2011-12-20 |
VanEck |
Sharpe Ratio = 0.1182
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Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.14 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average VanEck Oil is performing at about 9% of its full potential. 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 Oil by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 12.8 K |
VanEck Oil Valuation on January 26, 2024
It is possible to determine the worth of VanEck Oil on a given historical date. On January 26, 2024 VanEck was worth 303.97 at the beginning of the trading date compared to the closed value of 306.47. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of VanEck Oil etf. Still, in general, we apply an absolute valuation method to find VanEck Oil'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 Oil where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against VanEck Oil's related companies.
| Open | High | Low | Close | Volume | |
| 303.59 | 305.08 | 297.91 | 304.21 | 363,073 | |
01/26/2024 | 303.97 | 308.61 | 302.81 | 306.47 | 207,833 |
| 304.81 | 306.64 | 301.54 | 306.64 | 233,198 |
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VanEck Oil Trading Date Momentum on January 26, 2024
| On January 29 2024 VanEck Oil Services was traded for 306.64 at the closing time. Highest VanEck Oil's price during the trading hours was 306.64 and the lowest price during the day was 301.54 . The net volume was 233.2 K. The overall trading history on the 29th of January contributed to the next trading period price growth. The trading delta at closing time to the next next day price was 0.06% . The trading price change to current price is 7.33% . |
VanEck Oil Services Fundamentals Correlations and Trends
By evaluating VanEck Oil'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 Oil'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 Oil Etf history
VanEck Oil 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 Oil Services 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 Oil stock prices may prove useful in developing a viable investing in VanEck Oil
The fund normally invests at least 80 percent of its total assets in securities that comprise the funds benchmark index. Vaneck Oil is traded on NYSEARCA Exchange in the United States.
VanEck Oil Etf Technical Analysis
VanEck Oil 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 Oil Period Price Range
Low | January 26, 2024
| High |
303.97 | 306.47 |
VanEck Oil April 29, 2024 Market Strength
Market strength indicators help investors to evaluate how VanEck Oil 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 Oil shares will generate the highest return on investment. By undertsting and applying VanEck Oil etf market strength indicators, traders can identify VanEck Oil Services entry and exit signals to maximize returns
| Accumulation Distribution | 3906.0 | |||
| Daily Balance Of Power | 0.431 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 305.71 | |||
| Day Typical Price | 305.96 | |||
| Price Action Indicator | 2.01 | |||
| Period Momentum Indicator | 19.48 |
VanEck Oil Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for VanEck Oil'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 | 0.0713 | |||
| Jensen Alpha | 0.0363 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0359 | |||
| Treynor Ratio | 0.1132 |
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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in VanEck Oil Services. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Stocks Directory module to find actively traded stocks across global markets.
The market value of VanEck Oil Services 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 Oil's value that differs from its market value or its book value, called intrinsic value, which is VanEck Oil'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 Oil's market value can be influenced by many factors that don't directly affect VanEck Oil'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 Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck Oil'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.