| Benford Chart for OUNZ 10Q Filed 9/6/2024 | ||||||||||||||||||||||||||||||||||||
Total numbers found: 179 Recent share count: 44,096,982 (4's column) ■ = Typical range across full coverage universe | ||||||||||||||||||||||||||||||||||||
| # of Numbers Found in Filing | |||
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On this page of Benford's Law Stocks.com we present our study of VANECK MERK GOLD TRUST — ticker symbol OUNZ. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/29/2024 to 9/6/2024
for VANECK MERK GOLD TRUST under CIK number 0001546652.
For filings made in XBRL (eXtensible
Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL
filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format
found for each filing is presented below together with the results for OUNZ, with the percentage of found numbers beginning with each digit
(1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as
well as the "normal" range for VANECK MERK GOLD TRUST based on the past OUNZ filings our system processed in the past.
| Benford's Law Stocks Score for OUNZ = 16 | ||
Starting from a possible score of 100, we made the following score deductions: • We deducted points upon observing the 2's percentage was below the typical coverage universe range. • The 3's percentage was higher than the 2's percentage, increasing the penalty multiplier. • The 4's percentage was higher than the 3's percentage, increasing the penalty multiplier. • However, because we observed that the company's shares outstanding count begins with the digit 4, we canceled the penalty multiplier. • We deducted point upon observing the 4's percentage was above the typical coverage universe range. • We deducted point upon observing the 5's percentage was below the typical coverage universe range. • We deducted points upon observing the 5's percentage was below the company's typical historical range. • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier. • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction. • We deducted points (includes the impact of penalty multiplier) upon observing the 6's percentage was above the typical coverage universe range. • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier. • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction. • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the typical coverage universe range. • We deducted points upon observing the 9's percentage was below the typical coverage universe range. • We deducted points upon observing the 9's percentage was below the company's typical historical range. |
| OUNZ's Score Vs. Typical Stock | |||
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Check our work! We provide our VANECK MERK GOLD TRUST Benford's Law analysis for informational purposes only, and our software should be expected to
make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating
the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the OUNZ filing
above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also
be helpful for exploring any columns in particular that caught your eye.
| 1's | 2's | 3's |
|---|---|---|
| We found 58 numbers that start with the digit 1. Here they are: 1,018,106,195 1,018,106,195 18 18 1,018,106,177 123,075,073 1,018,106,177 19.69 1,122,402 1,122,402 1,122,402 133,437 196,116 162,164,691 15,372,734 162,360,807 15,982,176 161,238,405 15,113,622 1,122,402 133,437 196,116 162,164,691 15,372,734 1,018,106,177 1,018,106,177 1,018,106,195 100.00 1,018,106,195 100.00 18 1,018,106,177 100.00 100.00 100.00 100.00 1,000 100,000 1,306.25 1,018,106,195 1,018,106,195 114,227,672 1,521,919 196,116 162,164,691 1,018,106,195 112,428,811 14,731 100,000 19.21 19.69 18.65 1.53 12 1.52 13 19.08 19.08 | We found 18 numbers that start with the digit 2. Here they are: 284,313,478 23.66 28,535,208 28,535,230 25 22.14 23.66 23.66 20.16 2.31 25 25 25 25 25 25 25 25 | We found 19 numbers that start with the digit 3. Here they are: 39,626,030 35,033,603 3,879,742 383,204 383,204 39,626,030 3,450,904 39,642 35,203,259 39,626,030 383,204 32,858 383 341,282 3,399,475 36,298,490 383,204 3.97 39626030 |
| 4's | 5's | 6's |
|---|---|---|
| We found 20 numbers that start with the digit 4. Here they are: 44,296,982 4 43,037,292 458,754 458,754 458,754 4,488,011 4,488,011 4,946,765 458,754 4,488,011 415,679 415,679 43,037,292 415,679 40 4.00 45 43 43037292 | We found 10 numbers that start with the digit 5. Here they are: 5,906,605 5,906,609 5,906,615 50,757,386 552,697 50,000 500 571,416,810 5,944,690 56,653 | We found 22 numbers that start with the digit 6. Here they are: 659,416,378 6 657,109,274 606,009 606,009 606,009 609,442 64,214,008 64,347,445 63,741,436 656,592,798 606,009 609,442 64,214,008 659,416,378 659,416,378 6 657,109,274 657,109,274 656,592,807 6.87 68 |
| 7's | 8's | 9's |
|---|---|---|
| We found 24 numbers that start with the digit 7. Here they are: 735,173,529 780,184,353 786,090,962 780,184,347 733,792,699 780,184,347 712,154,665 780,184,347 77,545,575 74,414,825 742,241,503 742,241,503 735,173,529 735,173,529 780,184,353 780,184,353 780,184,347 780,184,353 780,184,353 77,545,575 733,792,699 780,184,353 76,423,185 780,184,353 | We found 7 numbers that start with the digit 8. Here they are: 868,554 868,554 868,554 862,150 868,554 862,150 862,150 | We found 1 numbers that start with the digit 9. Here they are: 904,160,052
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While the above OUNZ 10Q Filed 9/6/2024 is interesting in isolation, we have found that it is also useful to take a look at older
VANECK MERK GOLD TRUST filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a
Benford's Law analysis. Below we repeat the 10Q Filed 9/6/2024 but instead of the chart comparing against the typical company across
our coverage universe, below we show the same chart compared against the typical OUNZ 10Q and 10K filings that we have processed
historically. This is followed by similar charts for each of those historical filings.
| 10Q Filed 9/6/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 179 ■ = Typical OUNZ range from 3/29/2024 to 9/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10Q Filed 6/7/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 140 ■ = Typical OUNZ range from 3/29/2024 to 9/6/2024 | ||||||||||||||||||||||||||||||||||||
| 10K Filed 3/29/2024 | ||||||||||||||||||||||||||||||||||||
XBRL? ❌ [ original filing ] Total numbers found: 197 ■ = Typical OUNZ range from 3/29/2024 to 9/6/2024 | ||||||||||||||||||||||||||||||||||||