Iq Mackay Municipal Etf Performance
| MMIT Etf | USD 24.44 0.01 0.04% |
The etf owns a Beta (Systematic Risk) of -0.0967, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IQ MacKay are expected to decrease at a much lower rate. During the bear market, IQ MacKay is likely to outperform the market.
Risk-Adjusted Performance
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in IQ MacKay Municipal are ranked lower than 4 (%) 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
1 | Farther Finance Advisors LLC Raises Position in NYLI MacKay Shields Municipal Intermediate ETF - Defense World | 11/13/2024 |
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IQ MacKay Relative Risk vs. Return Landscape
If you would invest 2,426 in IQ MacKay Municipal on September 2, 2024 and sell it today you would earn a total of 18.00 from holding IQ MacKay Municipal or generate 0.74% return on investment over 90 days. IQ MacKay Municipal is currently generating 0.0118% in daily expected returns and assumes 0.2286% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% 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 |
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IQ MacKay Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for IQ MacKay's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as IQ MacKay Municipal, and traders can use it to determine the average amount a IQ MacKay's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0516
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MMIT |
Estimated Market Risk
| 0.23 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
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average IQ MacKay 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 IQ MacKay by adding it to a well-diversified portfolio.
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.| Latest headline from news.google.com: Farther Finance Advisors LLC Raises Position in NYLI MacKay Shields Municipal Intermediate ETF - Defense World | |
| 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
The market value of IQ MacKay Municipal is measured differently than its book value, which is the value of MMIT 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.