BNY Mellon Ultra Short Income ETF Trading 0.1 percent Higher Still a Buy?
| ESGB Etf | USD 21.26 0.09 0.43% |
About 54% of IndexIQ Active's investor base is interested to short. The current sentiment regarding investing in IndexIQ Active ETF etf implies that many traders are impartial. The current market sentiment, together with IndexIQ Active's historical and current headlines, can help investors time the market. In addition, many technical investors use IndexIQ Active ETF etf news signals to limit their universe of possible portfolio assets.
IndexIQ |
BNY Mellon Ultra Short Income ETF shares rose 0.1 percent during trading on Monday . The stock traded as high as 49.73 and last traded at 49.73. Approximately 30,899 shares changed hands during trading, an increase of 189 percent from the average daily volume of 10,707 shares. The stock had previously closed
Read at thelincolnianonline.com
 |
IndexIQ Active Fundamental Analysis
We analyze IndexIQ Active's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IndexIQ Active using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IndexIQ Active 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.
Beta
Beta Comparative Analysis
IndexIQ Active is currently under evaluation in beta as compared to similar ETFs. 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.
IndexIQ Active ETF Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IndexIQ Active etf to make a market-neutral strategy. Peer analysis of IndexIQ Active could also be used in its relative valuation, which is a method of valuing IndexIQ Active by comparing valuation metrics with similar companies.
Peers
IndexIQ Active Related Equities
| EUSB | IShares Trust | 0.30 | ||||
| EMHC | SPDR Bloomberg | 0.25 | ||||
| BKUI | BNY Mellon | 0.02 | ||||
| ESGG | FlexShares STOXX | 0.15 | ||||
| ESGY | American Century | 0.90 |
Check out IndexIQ Active Hype Analysis, IndexIQ Active Correlation and IndexIQ Active Performance. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of IndexIQ Active ETF is measured differently than its book value, which is the value of IndexIQ that is recorded on the company's balance sheet. Investors also form their own opinion of IndexIQ Active's value that differs from its market value or its book value, called intrinsic value, which is IndexIQ Active'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 IndexIQ Active's market value can be influenced by many factors that don't directly affect IndexIQ Active'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 IndexIQ Active's value and its price as these two are different measures arrived at by different means. Investors typically determine if IndexIQ Active is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IndexIQ Active'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.