Vaneck Oil Services Etf Performance
OIH Etf | USD 336.33 1.06 0.32% |
The entity has a beta of 1.19, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, VanEck Oil will likely underperform.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in VanEck Oil Services are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite fairly unsteady forward indicators, VanEck Oil may actually be approaching a critical reversion point that can send shares even higher in April 2024. ...more
1 | VanEck Oil Services ETF Stake Cut by Busey Trust CO | 01/02/2024 |
2 | Should You Invest in the iShares U.S. Oil Equipment Services ETF - Zacks Investment Research | 01/17/2024 |
3 | Should You Invest in the VanEck Oil Services ETF - Yahoo Finance | 01/30/2024 |
4 | This struggling energy ETF could be due for a comeback, according to the charts | 02/22/2024 |
5 | Envestnet Portfolio Solutions Inc. Buys Shares of 889 VanEck Oil Services ETF - AmericanBankingNEWS | 03/01/2024 |
6 | Should You Invest in the SPDR SP Oil Gas Equipment Services ETF | 03/22/2024 |
7 | Kingswood Wealth Advisors LLC Purchases 256 Shares of VanEck Oil Services ETF - Defense World | 03/28/2024 |
In Threey Sharp Ratio | 0.47 |
VanEck |
VanEck Oil Relative Risk vs. Return Landscape
If you would invest 30,759 in VanEck Oil Services on December 30, 2023 and sell it today you would earn a total of 2,874 from holding VanEck Oil Services or generate 9.34% return on investment over 90 days. VanEck Oil Services is generating 0.1558% of daily returns assuming volatility of 1.3677% on return distribution over 90 days investment horizon. In other words, 12% of etfs are less volatile than VanEck, and above 97% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
Risk |
VanEck Oil Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for VanEck Oil's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as VanEck Oil Services, and traders can use it to determine the average amount a VanEck Oil'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 = 0.1139
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Estimated Market Risk
1.37 actual daily | 12 88% of assets are more volatile |
Expected Return
0.16 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average VanEck Oil is performing at about 8% 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.
VanEck Oil Fundamentals Growth
VanEck Etf prices reflect investors' perceptions of the future prospects and financial health of VanEck Oil, and VanEck Oil 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 | 13.28 X | |||
Price To Book | 1.04 X | |||
Price To Sales | 1.21 X | |||
Total Asset | 2.57 B | |||
About VanEck Oil Performance
To evaluate VanEck Oil Services Etf as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when VanEck Oil generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare VanEck Etf's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand VanEck Oil Services market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents VanEck's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.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.Latest headline from news.google.com: Kingswood Wealth Advisors LLC Purchases 256 Shares of VanEck Oil Services ETF - Defense World | |
The fund generated-9.0 ten year return of -9.0% | |
VanEck Oil Services maintains 99.94% of its assets in stocks |
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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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When running VanEck Oil's price analysis, check to measure VanEck Oil's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy VanEck Oil is operating at the current time. Most of VanEck Oil's value examination focuses on studying past and present price action to predict the probability of VanEck Oil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move VanEck Oil's price. Additionally, you may evaluate how the addition of VanEck Oil to your portfolios can decrease your overall portfolio volatility.
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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.