MYCM Etf Forecast - Price Action Indicator
| MYCM Etf | 24.47 0.22 0.91% |
MYCM Etf Forecast is based on your current time horizon.
MYCM |
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MYCM Trading Date Momentum
| On November 26 2024 MYCM was traded for 24.47 at the closing time. The top price for the day was 24.47 and the lowest listed price was 24.44 . There was no trading activity during the period 0.0. Lack of trading volume on November 26, 2024 did not cause price change. The trading delta at closing time against the current closing price is 0.12% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Other Forecasting Options for MYCM
For every potential investor in MYCM, whether a beginner or expert, MYCM's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. MYCM Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in MYCM. Basic forecasting techniques help filter out the noise by identifying MYCM's price trends.MYCM 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 MYCM etf to make a market-neutral strategy. Peer analysis of MYCM could also be used in its relative valuation, which is a method of valuing MYCM by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
MYCM 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 MYCM'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 MYCM's current price.| Cycle Indicators | ||
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| Volume Indicators |
MYCM Market Strength Events
Market strength indicators help investors to evaluate how MYCM etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MYCM shares will generate the highest return on investment. By undertsting and applying MYCM etf market strength indicators, traders can identify MYCM entry and exit signals to maximize returns.
MYCM Risk Indicators
The analysis of MYCM'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 MYCM's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting mycm 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 | 0.2656 | |||
| Standard Deviation | 0.3916 | |||
| Variance | 0.1533 |
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.
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The market value of MYCM is measured differently than its book value, which is the value of MYCM that is recorded on the company's balance sheet. Investors also form their own opinion of MYCM's value that differs from its market value or its book value, called intrinsic value, which is MYCM'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 MYCM's market value can be influenced by many factors that don't directly affect MYCM'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 MYCM's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYCM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYCM'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.