Indexiq Active Etf Price on February 2, 2024
| MMCA Etf | USD 21.66 0.04 0.19% |
If you're considering investing in IndexIQ Etf, it is important to understand the factors that can impact its price. As of today, the current price of IndexIQ Active stands at 21.66, as last reported on the 27th of November, with the highest price reaching 21.69 and the lowest price hitting 21.65 during the day. At this point, IndexIQ Active is very steady. IndexIQ Active ETF holds Efficiency (Sharpe) Ratio of 0.0569, which attests that the entity had a 0.0569% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for IndexIQ Active ETF, which you can use to evaluate the volatility of the entity. Please check out IndexIQ Active's Downside Deviation of 0.3323, market risk adjusted performance of 0.0377, and Risk Adjusted Performance of 0.0028 to validate if the risk estimate we provide is consistent with the expected return of 0.0126%.
IndexIQ Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
IndexIQ |
Sharpe Ratio = 0.0569
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Estimated Market Risk
| 0.22 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average IndexIQ Active is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IndexIQ Active by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
IndexIQ Active Valuation on February 2, 2024
It is possible to determine the worth of IndexIQ Active on a given historical date. On February 2, 2024 IndexIQ was worth 21.2 at the beginning of the trading date compared to the closed value of 21.19. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IndexIQ Active etf. Still, in general, we apply an absolute valuation method to find IndexIQ Active's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of IndexIQ Active where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IndexIQ Active's related companies.
| Open | High | Low | Close | Volume | |
| 21.16 | 21.22 | 21.16 | 21.22 | 4,100 | |
02/02/2024 | 21.20 | 21.21 | 21.19 | 21.19 | 1,000.00 |
| 21.17 | 21.18 | 21.10 | 21.10 | 3,000 |
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IndexIQ Active Trading Date Momentum on February 2, 2024
| On February 05 2024 IndexIQ Active ETF was traded for 21.10 at the closing time. The top price for the day was 21.18 and the lowest listed price was 21.10 . The trading volume for the day was 3 K. The trading history from February 5, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.42% . The trading delta at closing time against the current closing price is 0.28% . |
IndexIQ Active ETF Fundamentals Correlations and Trends
By evaluating IndexIQ Active's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among IndexIQ Active's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IndexIQ financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IndexIQ Active Etf history
IndexIQ Active investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for IndexIQ is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in IndexIQ Active ETF will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing IndexIQ Active stock prices may prove useful in developing a viable investing in IndexIQ Active
The fund, under normal circumstances, invests at least 80 percent of its assets in municipal bonds, whose interest is, in the opinion of bond counsel for the issuers at the time of issuance, exempt from federal and California income taxes. IQ Mackay is traded on NYSEARCA Exchange in the United States.
IndexIQ Active Etf Technical Analysis
IndexIQ Active technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
IndexIQ Active Period Price Range
Low | November 27, 2024
| High |
0.00 | 0.00 |
IndexIQ Active ETF cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
IndexIQ Active November 27, 2024 Market Strength
Market strength indicators help investors to evaluate how IndexIQ Active etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IndexIQ Active shares will generate the highest return on investment. By undertsting and applying IndexIQ Active etf market strength indicators, traders can identify IndexIQ Active ETF entry and exit signals to maximize returns
IndexIQ Active Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IndexIQ Active's price direction in advance. Along with the technical and fundamental analysis of IndexIQ Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of IndexIQ to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0028 | |||
| Jensen Alpha | 0.0068 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | 0.0277 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in IndexIQ Active ETF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of IndexIQ Active ETF 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 Active's value that differs from its market value or its book value, called intrinsic value, which is IndexIQ Active'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 Active's market value can be influenced by many factors that don't directly affect IndexIQ Active'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 Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if IndexIQ Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IndexIQ Active'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.