Market Vectors Global Alternative Energy ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible the price and yield performance of the Ardour Global Index (Extra Liquid) (the Index). The Index is a rules-based, global capitalization-weighted, float-adjusted index that tracks the overall performance of a global universe of listed companies engaged in the alternative energy industry. The Index comprises a globally diversified group of companies engaged in the production of alternative fuels and/or related technologies. As of Dec 31 2013, the Fund's total assets were $111,541,033 and its investment portfolio was valued at $91,410,447. We show 28 historical shares outstanding datapoints in our SMOG shares outstanding history coverage, used to compute SMOG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SMOG market cap history over the course of time is important for investors
interested in comparing SMOG'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 SMOG versus a peer is one thing; comparing
SMOG 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 SMOG can fluctuate over the course of history.
With this page we aim to empower investors researching SMOG by allowing them to research the SMOG market cap history. |
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Video: The Importance of Market Cap
