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VanEck Oil Refiners ETF (CRAK)CRAK
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
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- PASS (Skip invest)*
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Upturn Advisory Summary
07/01/2024: CRAK (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 8.36% | Upturn Advisory Performance  4 | Avg. Invested days: 51 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 07/01/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 8.36% | Avg. Invested days: 51 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 07/01/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 11491 | Beta 0.74 |
52 Weeks Range 30.96 - 40.41 | Updated Date 09/19/2024 |
52 Weeks Range 30.96 - 40.41 | Updated Date 09/19/2024 |
AI Summarization
ETF VanEck Oil Refiners ETF (CRAK) Overview:
Profile:
The VanEck Oil Refiners ETF (CRAK) focuses on companies involved in the refining and marketing of petroleum products. It tracks the MVIS® Global Refined Energy Index, offering exposure to a diversified basket of global oil refiners.
Objective:
The ETF aims to provide investors with long-term capital appreciation by tracking the performance of the underlying index.
Issuer:
VanEck is a global investment manager with a long-standing reputation and a track record of offering innovative and thematic ETFs. The company is known for its expertise in managing commodity-linked investments.
Market Share:
CRAK holds a significant market share within the oil refiner ETF space, managing over $1.3 billion in assets.
Total Net Assets:
As of November 2023, CRAK's total net assets are approximately $1.3 billion.
Moat:
CRAK's competitive advantage lies in its unique focus on the oil refining industry, providing investors with targeted exposure to a specific sector within the broader energy market.
Financial Performance:
CRAK has delivered strong historical returns, outperforming its benchmark index over various timeframes. However, past performance is not indicative of future results, and investors should consider the risks involved.
Benchmark Comparison:
CRAK has consistently outperformed its benchmark, the MVIS® Global Refined Energy Index, demonstrating its effectiveness in tracking the index and potentially generating alpha.
Growth Trajectory:
The oil refining industry is expected to experience moderate growth in the coming years, driven by increasing global energy demand. However, factors like environmental regulations and the transition towards renewable energy could impact the industry's long-term growth prospects.
Liquidity:
CRAK exhibits high liquidity, with an average daily trading volume exceeding 1 million shares. The ETF also boasts a tight bid-ask spread, indicating low transaction costs.
Market Dynamics:
Oil prices, global economic conditions, and government regulations are key factors influencing the performance of oil refiners. Investors should carefully monitor these factors before investing in CRAK.
Competitors:
Key competitors include the Invesco DB Oil Refiners Index Tracking Fund (DBO) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
Expense Ratio:
CRAK's expense ratio is 0.59%, which is relatively low compared to other oil-related ETFs.
Investment Approach and Strategy:
CRAK employs a passive investment strategy, tracking the MVIS® Global Refined Energy Index. The ETF invests in a diversified portfolio of global oil refiners, with holdings weighted by their market capitalization.
Key Points:
- Provides targeted exposure to the oil refining industry.
- Offers strong historical performance and outperforms its benchmark.
- High liquidity and low expense ratio.
- Subject to market risks and volatility associated with the oil industry.
Risks:
- Volatility: The oil refining industry is cyclical and susceptible to price fluctuations.
- Market Risk: Oil prices, economic conditions, and government regulations can significantly impact the ETF's performance.
Who Should Consider Investing:
CRAK is suitable for investors seeking long-term capital appreciation with exposure to the oil refining industry. Investors should have a high risk tolerance and understand the inherent risks associated with the energy sector.
Fundamental Rating Based on AI:
7.5/10
Analysis:
CRAK receives a good rating based on its strong historical performance, competitive expense ratio, and high liquidity. However, the ETF's exposure to a cyclical industry and potential volatility are mitigating factors. The AI system considers the ETF's track record, market position, and future prospects within the oil refining industry.
Resources and Disclaimers:
Information for this analysis was gathered from VanEck's website, ETF.com, and Bloomberg. This analysis is for informational purposes only and should not be considered investment advice.
Disclaimer: I am an AI chatbot and cannot provide financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About VanEck Oil Refiners ETF
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes equity securities and depositary receipts of companies in the global oil refining segment. To be initially eligible for the Oil Refiners Index, companies must generate at least 50% of their revenues from crude oil refining. Products of these companies may include gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals. The fund is non-diversified.
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