Mymh Etf Performance
| MYMH Etf | 24.95 0.04 0.16% |
The etf secures a Beta (Market Risk) of -0.0867, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MYMH are expected to decrease at a much lower rate. During the bear market, MYMH is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days MYMH has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fairly strong primary indicators, MYMH is not utilizing all of its potentials. The latest stock price confusion, may contribute to short-horizon losses for the traders. ...more
1 | SPDR SSGA My2028 Municipal Bond declares monthly distribution of 0.0166 | 10/02/2024 |
2 | SPDR SSGA My2028 Municipal Bond declares monthly distribution of 0.0677 | 11/04/2024 |
MYMH |
MYMH Relative Risk vs. Return Landscape
If you would invest 2,497 in MYMH on September 1, 2024 and sell it today you would lose (2.00) from holding MYMH or give up 0.08% of portfolio value over 90 days. MYMH is currently does not generate positive expected returns and assumes 0.2505% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than MYMH, 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 |
MYMH Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYMH's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MYMH, and traders can use it to determine the average amount a MYMH'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 = -0.0054
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MYMH |
Estimated Market Risk
| 0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MYMH 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 MYMH by adding MYMH to a well-diversified portfolio.
About MYMH Performance
By evaluating MYMH's fundamental ratios, stakeholders can gain valuable insights into MYMH's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if MYMH 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 MYMH has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
MYMH is entity of United States. It is traded as Etf on NASDAQ exchange.| MYMH generated a negative expected return over the last 90 days | |
| Latest headline from seekingalpha.com: SPDR SSGA My2028 Municipal Bond declares monthly distribution of 0.0677 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYMH. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
The market value of MYMH is measured differently than its book value, which is the value of MYMH that is recorded on the company's balance sheet. Investors also form their own opinion of MYMH's value that differs from its market value or its book value, called intrinsic value, which is MYMH'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 MYMH's market value can be influenced by many factors that don't directly affect MYMH'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 MYMH's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYMH is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYMH'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.