VNM Stock Summary and Trading Ideas (Vaneck Vietnam ETF | ARCA:VNM)

VanEck Vietnam ETF (VNM seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MarketVector Vietnam Local Index (MVVNMLTR), which tracks securities of publicly traded companies that are locally incorporated in Vietnam.

Vaneck Vietnam ETF trades on the ARCA stock market under the symbol VNM.

As of October 4, 2024, VNM stock price declined to $12.48 with 209,674 million shares trading.

VNM has a beta of 0.92, meaning it tends to be less sensitive to market movements. VNM has a correlation of 0.31 to the broad based SPY ETF.

VNM has a market cap of $491.71 million. This is considered a Small Cap stock.

In the last 3 years, VNM traded as high as $21.66 and as low as $10.73.

VNM has underperformed the market in the last year with a price return of -0.2% while the SPY ETF gained +36.6%. VNM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.2% and -0.5%, respectively, while the SPY returned +4.2% and +0.8%, respectively.

VNM support price is $12.40 and resistance is $12.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VNM shares will trade within this expected range on the day.