Iq Mackay Municipal Etf Fundamentals
| MMIT Etf | USD 24.33 0.05 0.21% |
IQ MacKay Municipal fundamentals help investors to digest information that contributes to IQ MacKay's financial success or failures. It also enables traders to predict the movement of MMIT Etf. The fundamental analysis module provides a way to measure IQ MacKay's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to IQ MacKay etf.
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IQ MacKay Municipal ETF Beta Analysis
IQ MacKay's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current IQ MacKay Beta | 0.81 |
Most of IQ MacKay's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, IQ MacKay Municipal is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, IQ MacKay Municipal has a Beta of 0.81. This is much higher than that of the IndexIQ family and significantly higher than that of the Muni National Interm category. The beta for all United States etfs is notably lower than that of the firm.
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Fund Asset Allocation for IQ MacKay
The fund invests most of its asset in various types of exotic instruments. .Asset allocation divides IQ MacKay's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
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.
MMIT Fundamentals
| Number Of Employees | 580 | |||
| Beta | 0.81 | |||
| Total Asset | 299.68 M | |||
| One Year Return | 5.10 % | |||
| Five Year Return | 1.50 % | |||
| Net Asset | 299.68 M | |||
| Last Dividend Paid | 0.0292 | |||
| Bond Positions Weight | 0.46 % |
About IQ MacKay Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze IQ MacKay Municipal's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IQ MacKay using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IQ MacKay Municipal based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.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.
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Check out IQ MacKay Piotroski F Score and IQ MacKay Altman Z Score analysis. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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.