Iq Mackay Municipal Etf Probability of Future Etf Price Finishing Over 23.54
| MMIT Etf | USD 24.44 0.01 0.04% |
MMIT |
IQ MacKay Target Price Odds to finish over 23.54
The tendency of MMIT Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 23.54 in 90 days |
| 24.44 | 90 days | 23.54 | close to 99 |
Based on a normal probability distribution, the odds of IQ MacKay to stay above $ 23.54 in 90 days from now is close to 99 (This IQ MacKay Municipal probability density function shows the probability of MMIT Etf to fall within a particular range of prices over 90 days) . Probability of IQ MacKay Municipal price to stay between $ 23.54 and its current price of $24.44 at the end of the 90-day period is more than 93.0 .
Given the investment horizon of 90 days IQ MacKay Municipal has a beta of -0.0951. This indicates as returns on the benchmark increase, returns on holding IQ MacKay are expected to decrease at a much lower rate. During a bear market, however, IQ MacKay Municipal is likely to outperform the market. Additionally IQ MacKay Municipal has an alpha of 0.0143, implying that it can generate a 0.0143 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). IQ MacKay Price Density |
| Price |
Predictive Modules for IQ MacKay
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as IQ MacKay Municipal. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.IQ MacKay Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. IQ MacKay is not an exception. The market had few large corrections towards the IQ MacKay's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold IQ MacKay Municipal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of IQ MacKay within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.01 | |
β | Beta against Dow Jones | -0.1 | |
σ | Overall volatility | 0.10 | |
Ir | Information ratio | -0.49 |
IQ MacKay Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of IQ MacKay for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for IQ MacKay Municipal can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Latest headline from news.google.com: Farther Finance Advisors LLC Raises Position in NYLI MacKay Shields Municipal Intermediate ETF - Defense World | |
| The fund maintains most of the assets in different exotic instruments. |
IQ MacKay Technical Analysis
IQ MacKay's future price can be derived by breaking down and analyzing its technical indicators over time. MMIT Etf technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of IQ MacKay Municipal. In general, you should focus on analyzing MMIT Etf price patterns and their correlations with different microeconomic environments and drivers.
IQ MacKay Predictive Forecast Models
IQ MacKay's time-series forecasting models is one of many IQ MacKay's etf analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary IQ MacKay's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the etf market movement and maximize returns from investment trading.
Things to note about IQ MacKay Municipal
Checking the ongoing alerts about IQ MacKay for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for IQ MacKay Municipal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Latest headline from news.google.com: Farther Finance Advisors LLC Raises Position in NYLI MacKay Shields Municipal Intermediate ETF - Defense World | |
| The fund maintains most of the assets in different exotic instruments. |
Check out IQ MacKay Backtesting, Portfolio Optimization, IQ MacKay Correlation, IQ MacKay Hype Analysis, IQ MacKay Volatility, IQ MacKay History as well as IQ MacKay Performance. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of IQ MacKay Municipal is measured differently than its book value, which is the value of MMIT 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.