Vaneck Oil Refiners Etf Profile

CRAK Etf  USD 38.03  0.18  0.48%   

Performance

16 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 9

 
100  
 
Zero
Low
VanEck Oil is selling for 38.03 as of the 28th of March 2024. This is a 0.48 percent up since the beginning of the trading day. The etf's last reported lowest price was 37.76. VanEck Oil has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for VanEck Oil Refiners are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 8th of April 2022 and ending today, the 28th of March 2024. Click here to learn more.
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. More on VanEck Oil Refiners

Moving together with VanEck Etf

  0.92XLE Energy Select Sector Aggressive PushPairCorr
  0.9VDE Vanguard Energy IndexPairCorr
  0.85XOP SPDR SP OilPairCorr
  0.65OIH VanEck Oil ServicesPairCorr
  0.9IYE IShares US EnergyPairCorr
  0.87IXC IShares Global EnergyPairCorr
  0.85FXN First Trust EnergyPairCorr

VanEck Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. VanEck Oil's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding VanEck Oil or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic Ideas
(View all Themes)
Business ConcentrationEnergy ETFs, Sector ETFs, Equity Energy, VanEck (View all Sectors)
IssuerVan Eck
Inception Date2015-08-18
BenchmarkMarket Vectors Global Oil Refiners Index
Entity TypeRegulated Investment Company
Asset Under Management47.36 Million
Average Trading Valume13,281.8
Asset TypeEquity
CategorySector
FocusEnergy
Market ConcentrationBlended Development
RegionGlobal
AdministratorVan Eck Associates Corporation
AdvisorVan Eck Associates Corporation
CustodianState Street Bank and Trust Company
DistributorVan Eck Securities Corporation
Portfolio ManagerHao-Hung Peter Liao, Guo Hua Jason Jin
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents31.0
Market MakerVirtu Financial
Total Expense1.29
Management Fee0.5
Country NameUSA
Returns Y T D10.59
NameVanEck Oil Refiners ETF
Currency CodeUSD
Open FigiBBG009T0PRP4
In Threey Volatility20.36
1y Volatility15.36
200 Day M A33.9797
50 Day M A35.7568
CodeCRAK
Updated At27th of March 2024
Currency NameUS Dollar
VanEck Oil Refiners [CRAK] is traded in USA and was established 2015-08-18. The fund is listed under Equity Energy category and is part of VanEck family. The entity is thematically classified as Energy ETFs. VanEck Oil Refiners currently have 33.99 M in assets under management (AUM). , while the total return for the last 3 years was 14.3%.
Check VanEck Oil Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on VanEck Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding VanEck Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as VanEck Oil Refiners Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

VanEck Oil Refiners Currency Exposure

VanEck Oil Refiners holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of VanEck Oil will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in VanEck Oil Refiners.

Top VanEck Oil Refiners Etf Constituents

NTOIFNeste OyjPink SheetOil & Gas Refining & Marketing
OMVJFOMV AktiengesellschaftPink SheetOil & Gas Integrated
MPCMarathon Petroleum CorpStockEnergy
PSXPhillips 66StockEnergy
VLOValero EnergyStockEnergy
GLPEFGalp Energia SGPSOTC StockOil & Gas Integrated
JXHGFENEOS HoldingsPink SheetOil & Gas Refining & Marketing
More Details

VanEck Oil Target Price Odds Analysis

Proceeding from a normal probability distribution, the odds of VanEck Oil jumping above the current price in 90 days from now is roughly 2.87%. The VanEck Oil Refiners probability density function shows the probability of VanEck Oil etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days VanEck Oil Refiners has a beta of -0.0285 suggesting as returns on benchmark increase, returns on holding VanEck Oil are expected to decrease at a much lower rate. During the bear market, however, VanEck Oil Refiners is likely to outperform the market. Additionally, vanEck Oil Refiners has an alpha of 0.1517, implying that it can generate a 0.15 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 38.03HorizonTargetOdds Above 38.03
97.08%90 days
 38.03 
2.87%
Based on a normal probability distribution, the odds of VanEck Oil to move above the current price in 90 days from now is roughly 2.87 (This VanEck Oil Refiners probability density function shows the probability of VanEck Etf to fall within a particular range of prices over 90 days) .

VanEck Oil Refiners Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. VanEck Oil market risk premium is the additional return an investor will receive from holding VanEck Oil 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 Oil. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although VanEck Oil's alpha and beta are two of the key measurements used to evaluate VanEck Oil's performance over the market, the standard measures of volatility play an important role as well.

VanEck Oil Against Markets

Picking the right benchmark for VanEck Oil etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in VanEck Oil etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for VanEck Oil is critical whether you are bullish or bearish towards VanEck Oil Refiners at a given time. Please also check how VanEck Oil's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in VanEck Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy VanEck Etf?

Before investing in VanEck Oil, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in VanEck Oil. To buy VanEck Oil etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of VanEck Oil. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase VanEck Oil etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located VanEck Oil Refiners etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased VanEck Oil Refiners etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as VanEck Oil Refiners, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy VanEck Etf please use our How to Invest in VanEck Oil guide.

Already Invested in VanEck Oil Refiners?

The danger of trading VanEck Oil Refiners is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of VanEck Oil is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than VanEck Oil. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile VanEck Oil Refiners is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether VanEck Oil Refiners is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if VanEck Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Vaneck Oil Refiners Etf. Highlighted below are key reports to facilitate an investment decision about Vaneck Oil Refiners Etf:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in VanEck Oil Refiners. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the VanEck Oil Refiners information on this page should be used as a complementary analysis to other VanEck Oil's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.

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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 Refiners 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.