Iq Mackay Municipal Etf Performance
| MMIT Etf | USD 24.61 0.01 0.04% |
The etf owns a Beta (Systematic Risk) of 0.0014, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IQ MacKay's returns are expected to increase less than the market. However, during the bear market, the loss of holding IQ MacKay is expected to be smaller as well.
Risk-Adjusted Performance
Strong
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in IQ MacKay Municipal are ranked lower than 29 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively stable forward indicators, IQ MacKay is not utilizing all of its potentials. The recent stock price uproar, may contribute to short-horizon losses for the private investors. ...more
IQ MacKay Relative Risk vs. Return Landscape
If you would invest 2,415 in IQ MacKay Municipal on November 12, 2025 and sell it today you would earn a total of 47.00 from holding IQ MacKay Municipal or generate 1.95% return on investment over 90 days. IQ MacKay Municipal is currently generating 0.0316% in daily expected returns and assumes 0.0841% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than MMIT, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
IQ MacKay Target Price Odds to finish over Current Price
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 move above the current price in 90 days |
| 24.61 | 90 days | 24.61 | about 1.64 |
Based on a normal probability distribution, the odds of IQ MacKay to move above the current price in 90 days from now is about 1.64 (This IQ MacKay Municipal probability density function shows the probability of MMIT Etf to fall within a particular range of prices over 90 days) .
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 | 0.02 | |
β | Beta against Dow Jones | 0 | |
σ | Overall volatility | 0.15 | |
Ir | Information ratio | -0.73 |
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.| The fund maintains most of the assets in different exotic instruments. |
IQ MacKay Fundamentals Growth
MMIT Etf prices reflect investors' perceptions of the future prospects and financial health of IQ MacKay, and IQ MacKay fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on MMIT Etf performance.
| Total Asset | 299.68 M | |||
About IQ MacKay Performance
Assessing IQ MacKay's fundamental ratios provides investors with valuable insights into IQ MacKay's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the IQ MacKay is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. IQ Mackay is traded on NYSEARCA Exchange in the United States.| The fund maintains most of the assets in different exotic instruments. |
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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
IQ MacKay Municipal's market price often diverges from its book value, the accounting figure shown on MMIT's balance sheet. Smart investors calculate IQ MacKay's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since IQ MacKay's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Understanding that IQ MacKay's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether IQ MacKay represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. 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.