IQ MacKay Financial Statements From 2010 to 2026
| MMIN Etf | USD 24.13 0.05 0.21% |
Check IQ MacKay financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among IQ MacKay's main balance sheet or income statement drivers, such as , as well as many indicators such as . MMIN financial statements analysis is a perfect complement when working with IQ MacKay Valuation or Volatility modules.
This module can also supplement various IQ MacKay Technical models . Check out the analysis of IQ MacKay Correlation against competitors. Pair Trading with IQ MacKay
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IQ MacKay position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IQ MacKay will appreciate offsetting losses from the drop in the long position's value.Moving together with MMIN Etf
Moving against MMIN Etf
The ability to find closely correlated positions to IQ MacKay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IQ MacKay when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IQ MacKay - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling IQ MacKay Municipal to buy it.
The correlation of IQ MacKay is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IQ MacKay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IQ MacKay Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IQ MacKay can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of IQ MacKay Correlation against competitors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
IQ MacKay Municipal's market price often diverges from its book value, the accounting figure shown on MMIN's balance sheet. Smart investors calculate IQ MacKay's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since IQ MacKay's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Understanding that IQ MacKay's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether IQ MacKay represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. However, IQ MacKay's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.