Mycm Etf Price on November 4, 2024
| MYCM Etf | 24.61 0.12 0.49% |
If you're considering investing in MYCM Etf, it is important to understand the factors that can impact its price. As of today, the current price of MYCM stands at 24.61, as last reported on the 30th of November, with the highest price reaching 24.61 and the lowest price hitting 24.61 during the day. MYCM retains Efficiency (Sharpe Ratio) of -0.0683, which conveys that the entity had a -0.0683% return per unit of risk over the last 3 months. MYCM exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MYCM's Coefficient Of Variation of (1,449), mean deviation of 0.269, and Market Risk Adjusted Performance of 0.9257 to check out the risk estimate we provide.
MYCM Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
MYCM |
Sharpe Ratio = -0.0683
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| Negative Returns | MYCM |
Estimated Market Risk
| 0.39 actual daily | 3 97% of assets are more volatile |
Expected Return
| -0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MYCM is not performing at its full potential. However, 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 MYCM by adding MYCM to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
MYCM Main Headline on 4th of November 2024
SPDR SSGA My2033 Corporate Bond declares monthly distributio... by seekingalpha.com
SPDR SSGA My2033 Corporate Bond ETF offers a 0.0950 dividend with a 4.99 percent yield as of October 31, payable to shareholders on November 6.
MYCM Valuation on November 4, 2024
It is possible to determine the worth of MYCM on a given historical date. On November 4, 2024 MYCM was worth 24.26 at the beginning of the trading date compared to the closed value of 24.27. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MYCM etf. Still, in general, we apply an absolute valuation method to find MYCM'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 MYCM where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MYCM's related companies.
| Open | High | Low | Close | Volume | |
| 24.20 | 24.20 | 24.14 | 24.14 | 1,262 | |
11/04/2024 | 24.26 | 24.28 | 24.26 | 24.27 | 700.00 |
| 24.35 | 24.36 | 24.35 | 24.35 | 4,300 |
| Backtest MYCM | | | MYCM History | | | MYCM Valuation | Previous | Next |
MYCM Trading Date Momentum on November 4, 2024
| On November 05 2024 MYCM was traded for 24.35 at the closing time. The top price for the day was 24.36 and the lowest listed price was 24.35 . The trading volume for the day was 4.3 K. The trading history from November 5, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 0.33% . The trading delta at closing time against the current closing price is 0.33% . |
About MYCM Etf history
MYCM 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 MYCM is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MYCM 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 MYCM stock prices may prove useful in developing a viable investing in MYCM
MYCM Etf Technical Analysis
MYCM 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
MYCM Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
MYCM cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ 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.
MYCM November 30, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MYCM's price direction in advance. Along with the technical and fundamental analysis of MYCM Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of MYCM 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 | (0.06) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | 0.9157 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYCM. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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.