Market Vectors Agribusiness ETF is an open-end management investment company. The Trust seeks to replicates as closely as possible the price and yield performance of the DAXglobal Agribusiness Index (DXAG). DXAG, calculated by Deutsche Borse AG, is a modified market capitalization-weighted index consisting of publicly traded companies engaged in the agriculture business that are traded on global exchanges. DXAG provides exposure to companies worldwide that derive at least 50% of their revenues from agriculture business. As of Dec 31 2013, the Fund's total assets were $4,846,405,843 and its investment portfolio was valued at $4,642,119,633. We show 159 historical shares outstanding datapoints in our MOO shares outstanding history coverage, used to compute MOO market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MOO market cap history over the course of time is important for investors
interested in comparing MOO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MOO versus a peer is one thing; comparing
MOO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MOO can fluctuate over the course of history.
With this page we aim to empower investors researching MOO by allowing them to research the MOO market cap history. |
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Video: The Importance of Market Cap
