Mymg Etf Price on November 29, 2024
| MYMG Etf | 24.97 0.02 0.08% |
If you're considering investing in MYMG Etf, it is important to understand the factors that can impact its price. As of today, the current price of MYMG stands at 24.97, as last reported on the 12th of December 2024, with the highest price reaching 24.99 and the lowest price hitting 24.97 during the day. At this point, MYMG is very steady. MYMG has Sharpe Ratio of 0.0269, which conveys that the entity had a 0.0269% return per unit of volatility over the last 3 months. We have found twenty-nine technical indicators for MYMG, which you can use to evaluate the volatility of the etf. Please verify MYMG's mean deviation of 0.1111, and Risk Adjusted Performance of (0.01) to check out if the risk estimate we provide is consistent with the expected return of 0.0044%.
MYMG Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
MYMG |
Sharpe Ratio = 0.0269
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MYMG |
Estimated Market Risk
| 0.16 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average MYMG is performing at about 2% 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 MYMG by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
MYMG Valuation on November 29, 2024
It is possible to determine the worth of MYMG on a given historical date. On November 29, 2024 MYMG was worth 24.97 at the beginning of the trading date compared to the closed value of 24.97. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MYMG etf. Still, in general, we apply an absolute valuation method to find MYMG'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 MYMG where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MYMG's related companies.
| Open | High | Low | Close | Volume | |
| 24.98 | 24.98 | 24.96 | 24.96 | 400.00 | |
11/29/2024 | 24.97 | 24.97 | 24.97 | 24.97 | 1.00 |
| 25.00 | 25.00 | 25.00 | 25.00 | 800.00 |
| Backtest MYMG | | | MYMG History | | | MYMG Valuation | Previous | Next |
MYMG Trading Date Momentum on November 29, 2024
| On December 02 2024 MYMG was traded for 25.00 at the closing time. The top price for the day was 25.00 and the lowest listed price was 25.00 . The trading volume for the day was 800. The trading history from December 2, 2024 was a factor to the next trading day price rise. The trading delta at closing time against the next closing price was 0.12% . The trading delta at closing time against the current closing price is 0.12% . |
About MYMG Etf history
MYMG 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 MYMG is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MYMG 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 MYMG stock prices may prove useful in developing a viable investing in MYMG
MYMG Etf Technical Analysis
MYMG 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
MYMG Period Price Range
Low | December 12, 2024
| High |
0.00 | 0.00 |
MYMG 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.
MYMG December 12, 2024 Market Strength
Market strength indicators help investors to evaluate how MYMG etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MYMG shares will generate the highest return on investment. By undertsting and applying MYMG etf market strength indicators, traders can identify MYMG entry and exit signals to maximize returns
MYMG Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MYMG's price direction in advance. Along with the technical and fundamental analysis of MYMG Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of MYMG 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 | (0.01) | |||
| Jensen Alpha | 5.0E-4 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.57) | |||
| Treynor Ratio | 0.1045 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYMG. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.
The market value of MYMG is measured differently than its book value, which is the value of MYMG that is recorded on the company's balance sheet. Investors also form their own opinion of MYMG's value that differs from its market value or its book value, called intrinsic value, which is MYMG'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 MYMG's market value can be influenced by many factors that don't directly affect MYMG'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 MYMG's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYMG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYMG'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.