IQ MacKay Etf Forecast - Period Momentum Indicator
| MMIN Etf | USD 24.19 0.03 0.12% |
MMIN Etf Forecast is based on your current time horizon.
MMIN |
| Previous Period Momentum Indicator | Period Momentum Indicator | Trend |
| 0.07 | (0.03) |
| Check IQ MacKay Volatility | Backtest IQ MacKay | Information Ratio |
IQ MacKay Trading Date Momentum
| On November 25 2024 IQ MacKay Municipal was traded for 24.19 at the closing time. The top price for the day was 24.25 and the lowest listed price was 24.12 . There was no trading activity during the period 0.0. Lack of trading volume on November 25, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.29% . |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
| Compare IQ MacKay to competition |
Other Forecasting Options for IQ MacKay
For every potential investor in MMIN, whether a beginner or expert, IQ MacKay's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MMIN Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MMIN. Basic forecasting techniques help filter out the noise by identifying IQ MacKay's price trends.IQ MacKay Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IQ MacKay etf to make a market-neutral strategy. Peer analysis of IQ MacKay could also be used in its relative valuation, which is a method of valuing IQ MacKay by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
IQ MacKay Municipal Technical and Predictive Analytics
The etf market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of IQ MacKay's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of IQ MacKay's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
IQ MacKay Market Strength Events
Market strength indicators help investors to evaluate how IQ MacKay etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IQ MacKay shares will generate the highest return on investment. By undertsting and applying IQ MacKay etf market strength indicators, traders can identify IQ MacKay Municipal entry and exit signals to maximize returns.
IQ MacKay Risk Indicators
The analysis of IQ MacKay's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in IQ MacKay's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mmin etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.2214 | |||
| Semi Deviation | 0.3057 | |||
| Standard Deviation | 0.3259 | |||
| Variance | 0.1062 | |||
| Downside Variance | 0.1164 | |||
| Semi Variance | 0.0935 | |||
| Expected Short fall | (0.28) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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
| 0.95 | TFI | SPDR Nuveen Bloomberg | PairCorr |
| 0.97 | PZA | Invesco National AMT | PairCorr |
| 0.97 | MLN | VanEck Long Muni | PairCorr |
| 0.94 | RVNU | Xtrackers Municipal | PairCorr |
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 Historical Fundamental Analysis of IQ MacKay to cross-verify your projections. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of IQ MacKay Municipal is measured differently than its book value, which is the value of MMIN that is recorded on the company's balance sheet. Investors also form their own opinion of IQ MacKay's value that differs from its market value or its book value, called intrinsic value, which is IQ MacKay'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 IQ MacKay's market value can be influenced by many factors that don't directly affect IQ MacKay'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 IQ MacKay's value and its price as these two are different measures arrived at by different means. Investors typically determine if IQ MacKay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. 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.