Iq Mackay Municipal Etf Price on July 23, 2024
| MMIN Etf | USD 24.29 0.10 0.41% |
Below is the normalized historical share price chart for IQ MacKay Municipal extending back to October 18, 2017. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of IQ MacKay stands at 24.29, as last reported on the 25th of November, with the highest price reaching 24.34 and the lowest price hitting 24.29 during the day.
If you're considering investing in MMIN Etf, it is important to understand the factors that can impact its price. As of now, MMIN Etf is very steady. IQ MacKay Municipal retains Efficiency (Sharpe Ratio) of 0.0443, which attests that the entity had a 0.0443% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for IQ MacKay, which you can use to evaluate the volatility of the entity. Please check out IQ MacKay's Standard Deviation of 0.3259, market risk adjusted performance of 0.028, and Semi Deviation of 0.3057 to validate if the risk estimate we provide is consistent with the expected return of 0.0148%.
MMIN Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 9.02 | 200 Day MA 24.2032 | 1 y Volatility 8.15 | 50 Day MA 24.2783 | Inception Date 2017-10-18 |
MMIN |
Sharpe Ratio = 0.0443
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Estimated Market Risk
| 0.33 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average IQ MacKay is performing at about 3% 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 IQ MacKay by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
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IQ MacKay Valuation on July 23, 2024
It is possible to determine the worth of IQ MacKay on a given historical date. On July 23, 2024 MMIN was worth 23.88 at the beginning of the trading date compared to the closed value of 23.9. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IQ MacKay etf. Still, in general, we apply an absolute valuation method to find IQ MacKay'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 IQ MacKay where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IQ MacKay's related companies.
| Open | High | Low | Close | Volume | |
| 23.92 | 23.92 | 23.84 | 23.84 | 28,060 | |
07/23/2024 | 23.88 | 23.91 | 23.86 | 23.90 | 61,244 |
| 23.97 | 23.97 | 23.83 | 23.84 | 66,450 |
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IQ MacKay Trading Date Momentum on July 23, 2024
| On July 24 2024 IQ MacKay Municipal was traded for 23.84 at the closing time. The top price for the day was 23.97 and the lowest listed price was 23.83 . The trading volume for the day was 66.5 K. The trading history from July 24, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 0.25% . The trading delta at closing time against the current closing price is 0.96% . |
IQ MacKay Municipal Fundamentals Correlations and Trends
By evaluating IQ MacKay'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 IQ MacKay's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MMIN financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IQ MacKay Etf history
IQ MacKay 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 MMIN is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in IQ MacKay Municipal 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 IQ MacKay stock prices may prove useful in developing a viable investing in IQ MacKay
IQ MacKay Etf Technical Analysis
IQ MacKay 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
IQ MacKay Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
IQ MacKay Municipal 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.
IQ MacKay November 25, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IQ MacKay's price direction in advance. Along with the technical and fundamental analysis of MMIN Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of MMIN 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 | 0.004 | |||
| Jensen Alpha | 0.0147 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.36) | |||
| Treynor Ratio | 0.018 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in IQ MacKay Municipal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
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.