Mkam Etf Market Value
| MKAM Etf | 29.63 0.00 0.00% |
| Symbol | MKAM |
The market value of MKAM ETF is measured differently than its book value, which is the value of MKAM that is recorded on the company's balance sheet. Investors also form their own opinion of MKAM ETF's value that differs from its market value or its book value, called intrinsic value, which is MKAM ETF'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 MKAM ETF's market value can be influenced by many factors that don't directly affect MKAM ETF'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 MKAM ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if MKAM ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MKAM ETF'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.
MKAM ETF 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MKAM ETF's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MKAM ETF.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in MKAM ETF on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding MKAM ETF or generate 0.0% return on investment in MKAM ETF over 180 days. MKAM ETF is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. MKAM ETF is entity of United States. It is traded as Etf on NASDAQ exchange. More
MKAM ETF Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MKAM ETF's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MKAM ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4919 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.77 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.5483 |
MKAM ETF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MKAM ETF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MKAM ETF's standard deviation. In reality, there are many statistical measures that can use MKAM ETF historical prices to predict the future MKAM ETF's volatility.| Risk Adjusted Performance | 0.0712 | |||
| Jensen Alpha | 0.0157 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.1811 |
MKAM ETF Backtested Returns
As of now, MKAM Etf is very steady. MKAM ETF retains Efficiency (Sharpe Ratio) of 0.13, which conveys that the entity had a 0.13 % return per unit of return volatility over the last 3 months. We have found twenty-four technical indicators for MKAM ETF, which you can use to evaluate the volatility of the etf. Please verify MKAM ETF's Mean Deviation of 0.3027, market risk adjusted performance of 0.1911, and Downside Deviation of 0.4919 to check out if the risk estimate we provide is consistent with the expected return of 0.0536%. The etf owns a Beta (Systematic Risk) of 0.17, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MKAM ETF's returns are expected to increase less than the market. However, during the bear market, the loss of holding MKAM ETF is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
MKAM ETF has poor predictability. Overlapping area represents the amount of predictability between MKAM ETF time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MKAM ETF price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current MKAM ETF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
MKAM ETF lagged returns against current returns
Autocorrelation, which is MKAM ETF etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting MKAM ETF's etf expected returns. We can calculate the autocorrelation of MKAM ETF returns to help us make a trade decision. For example, suppose you find that MKAM ETF has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
MKAM ETF regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MKAM ETF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MKAM ETF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MKAM ETF etf over time.
Current vs Lagged Prices |
| Timeline |
MKAM ETF Lagged Returns
When evaluating MKAM ETF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MKAM ETF etf have on its future price. MKAM ETF autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, MKAM ETF autocorrelation shows the relationship between MKAM ETF etf current value and its past values and can show if there is a momentum factor associated with investing in MKAM ETF.
Regressed Prices |
| Timeline |
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MKAM ETF technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.