Trend Tracker for - Stock Traders Daily
| CNXT Etf | USD 28.04 0.42 1.48% |
Slightly above 61% of VanEck ChiNext's investor base is looking to short. The current sentiment regarding investing in VanEck ChiNext ETF etf implies that many traders are alarmed. VanEck ChiNext's investing sentiment can be driven by a variety of factors including economic data, VanEck ChiNext's earnings reports, geopolitical events, and overall market trends.
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Trend Tracker for Stock Traders Daily
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VanEck ChiNext Fundamental Analysis
We analyze VanEck ChiNext's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of VanEck ChiNext using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of VanEck ChiNext based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
VanEck ChiNext is currently under evaluation in beta as compared to similar ETFs. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
VanEck ChiNext ETF Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with VanEck ChiNext etf to make a market-neutral strategy. Peer analysis of VanEck ChiNext could also be used in its relative valuation, which is a method of valuing VanEck ChiNext by comparing valuation metrics with similar companies.
Peers
VanEck ChiNext Related Equities
| DIVS | SmartETFs Dividend | 0.27 | ||||
| FM | IShares MSCI | 0.25 | ||||
| PY | Principal Value | 0.11 | ||||
| VT | Vanguard Total | 0.07 | ||||
| DIVZ | Listed Funds | 0.29 | ||||
| XC | WisdomTree Emerging | 0.35 | ||||
| DINT | Davis Select | 0.43 | ||||
| MBOX | Freedom Day | 0.54 | ||||
| MCHI | IShares MSCI | 0.60 |
Check out VanEck ChiNext Hype Analysis, VanEck ChiNext Correlation and VanEck ChiNext Performance. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
The market value of VanEck ChiNext ETF 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 ChiNext's value that differs from its market value or its book value, called intrinsic value, which is VanEck ChiNext'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 ChiNext's market value can be influenced by many factors that don't directly affect VanEck ChiNext'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 ChiNext's value and its price as these two are different measures arrived at by different means. Investors typically determine if VanEck ChiNext is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VanEck ChiNext'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.