Mycf Etf Performance
| MYCF Etf | 25.03 0.02 0.08% |
The etf owns a Beta (Systematic Risk) of -0.0023, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MYCF are expected to decrease at a much lower rate. During the bear market, MYCF is likely to outperform the market.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in MYCF are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable fundamental indicators, MYCF is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
1 | State Street Debuts Active Target Maturity Bond ETFs - Yahoo Finance | 09/24/2024 |
2 | An Active Approach to Target Maturity - ETF Trends | 10/02/2024 |
3 | Palmer Squares Chris Long on CLO ETFs, Private Credit, More - ETF Prime with Nate Geraci - Podcasts - Advisor Perspectives | 10/08/2024 |
4 | SPDR SSGA My2026 Corporate Bond declares monthly distribution of 0.0930 | 11/04/2024 |
MYCF |
MYCF Relative Risk vs. Return Landscape
If you would invest 2,492 in MYCF on September 2, 2024 and sell it today you would earn a total of 11.00 from holding MYCF or generate 0.44% return on investment over 90 days. MYCF is currently generating 0.009% in daily expected returns and assumes 0.0756% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of etfs are less volatile than MYCF, 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 |
MYCF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYCF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MYCF, and traders can use it to determine the average amount a MYCF'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 = 0.1192
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| MYCF |
Based on monthly moving average MYCF is performing at about 9% 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 MYCF by adding it to a well-diversified portfolio.
About MYCF Performance
By analyzing MYCF's fundamental ratios, stakeholders can gain valuable insights into MYCF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if MYCF has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if MYCF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
MYCF is entity of United States. It is traded as Etf on NASDAQ exchange.| Latest headline from seekingalpha.com: SPDR SSGA My2026 Corporate Bond declares monthly distribution of 0.0930 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYCF. 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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of MYCF is measured differently than its book value, which is the value of MYCF that is recorded on the company's balance sheet. Investors also form their own opinion of MYCF's value that differs from its market value or its book value, called intrinsic value, which is MYCF'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 MYCF's market value can be influenced by many factors that don't directly affect MYCF'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 MYCF's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYCF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYCF'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.