Market Vectors Oil Services ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible the price and yield performance of the Market Vectors US Listed Oil Services 25 Index. The Fund invests at least 80% of its total assets in securities, which comprises the Fund's benchmark index. The Fund's benchmark index is consisted of common stocks and depositary receipts of the United States exchange-listed companies in the oil services sector. As of Dec 31 2013, the Fund's total assets were $1,499,378,061 and its investment portfolio was valued at $1,481,403,619. We show 355 historical shares outstanding datapoints in our OIH shares outstanding history coverage, used to compute OIH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing OIH market cap history over the course of time is important for investors
interested in comparing OIH'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 OIH versus a peer is one thing; comparing
OIH 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 OIH can fluctuate over the course of history.
With this page we aim to empower investors researching OIH by allowing them to research the OIH market cap history. |
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Video: The Importance of Market Cap
