Iq Mackay Municipal Etf Three Year Return
| MMIT Etf | USD 24.28 0.01 0.04% |
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 Three Year Return Analysis
IQ MacKay's Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
More About Three Year Return | All Equity Analysis
Three Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
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Based on the latest financial disclosure, IQ MacKay Municipal has a Three Year Return of 0.0%. This indicator is about the same for the IndexIQ average (which is currently at 0.0) family and about the same as Muni National Interm (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
MMIT Three Year Return Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IQ MacKay's direct or indirect competition against its Three Year Return to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of IQ MacKay could also be used in its relative valuation, which is a method of valuing IQ MacKay by comparing valuation metrics of similar companies.IQ MacKay is currently under evaluation in three year return as compared to similar ETFs.
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.
MMIT Fundamentals
| Number Of Employees | 580 | |||
| Beta | 0.81 | |||
| Total Asset | 299.68 M | |||
| One Year Return | 5.60 % | |||
| 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.
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Check out IQ MacKay Piotroski F Score and IQ MacKay Altman Z Score analysis. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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.