IndexIQ ETF Financials
| OCEN Etf | USD 21.24 0.16 0.76% |
Net Expense Ratio 0.0045 | 3 y Sharp Ratio (0.23) |
IndexIQ |
The data published in IndexIQ ETF's official financial statements typically reflect IndexIQ ETF's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving IndexIQ ETF's quantitative information. For example, before you start analyzing numbers published by IndexIQ accountants, it's essential to understand IndexIQ ETF's liquidity, profitability, and earnings quality within the context of the IndexIQ space in which it operates.
IndexIQ ETF Etf Summary
IndexIQ ETF competes with IndexIQ ETF, IndexIQ ETF, Invesco ESG, Invesco ESG, and Nushares ETF. The manager employs a passive management or indexing investment approach designed to track the performance of the underlying index. IQ Clean is traded on NYSEARCA Exchange in the United States.| Instrument | USA Etf View All |
| Exchange | NYSE ARCA Exchange |
| ISIN | US45409B2896 |
| CUSIP | 45409B289 |
| Region | Global |
| Investment Issuer | New York Life Investments |
| Etf Family | IndexIQ |
| Fund Category | Strategy |
| Portfolio Concentration | Theme |
| Benchmark | Dow Jones Industrial |
| Phone | NA |
| Currency | USD - US Dollar |
IndexIQ ETF Key Financial Ratios
IndexIQ Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining IndexIQ ETF's current stock value. Our valuation model uses many indicators to compare IndexIQ ETF value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across IndexIQ ETF competition to find correlations between indicators driving IndexIQ ETF's intrinsic value. More Info.IndexIQ ETF Trust is rated number one ETF in beta as compared to similar ETFs. It also is rated number one ETF in one year return as compared to similar ETFs reporting about 3.02 of One Year Return per Beta. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the IndexIQ ETF's earnings, one of the primary drivers of an investment's value.IndexIQ ETF Trust Systematic Risk
IndexIQ ETF's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. IndexIQ ETF volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on IndexIQ ETF Trust correlated with the market. If Beta is less than 0 IndexIQ ETF generally moves in the opposite direction as compared to the market. If IndexIQ ETF Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one IndexIQ ETF Trust is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of IndexIQ ETF is generally in the same direction as the market. If Beta > 1 IndexIQ ETF moves generally in the same direction as, but more than the movement of the benchmark.
IndexIQ ETF Thematic Clasifications
IndexIQ ETF Trust is part of several thematic ideas from Theme ETFs to Strategy ETFs. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic IdeasIndexIQ ETF November 24, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of IndexIQ ETF help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of IndexIQ ETF Trust. We use our internally-developed statistical techniques to arrive at the intrinsic value of IndexIQ ETF Trust based on widely used predictive technical indicators. In general, we focus on analyzing IndexIQ Etf price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build IndexIQ ETF's daily price indicators and compare them against related drivers.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.58 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.31 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in IndexIQ ETF Trust. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in IndexIQ Etf, please use our How to Invest in IndexIQ ETF guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of IndexIQ ETF Trust is measured differently than its book value, which is the value of IndexIQ that is recorded on the company's balance sheet. Investors also form their own opinion of IndexIQ ETF's value that differs from its market value or its book value, called intrinsic value, which is IndexIQ ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IndexIQ ETF's market value can be influenced by many factors that don't directly affect IndexIQ ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IndexIQ ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if IndexIQ ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IndexIQ ETF'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.