Iq Mackay Municipal Etf Market Value
| MMIN Etf | USD 24.25 0.01 0.04% |
| Symbol | MMIN |
IQ MacKay Municipal's market price often diverges from its book value, the accounting figure shown on MMIN's balance sheet. Smart investors calculate IQ MacKay's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since IQ MacKay's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Understanding that IQ MacKay's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether IQ MacKay represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. 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.
IQ MacKay '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 IQ MacKay'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 IQ MacKay.
| 11/17/2025 |
| 02/15/2026 |
If you would invest 0.00 in IQ MacKay on November 17, 2025 and sell it all today you would earn a total of 0.00 from holding IQ MacKay Municipal or generate 0.0% return on investment in IQ MacKay over 90 days. IQ MacKay is related to or competes with Morgan Stanley, Innovator ETFs, PIMCO ETF, Advisors Inner, Congress Large, JP Morgan, and VanEck Digital. The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index More
IQ MacKay 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 IQ MacKay'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 IQ MacKay Municipal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1708 | |||
| Information Ratio | (0.25) | |||
| Maximum Drawdown | 0.7538 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2527 |
IQ MacKay Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IQ MacKay's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IQ MacKay's standard deviation. In reality, there are many statistical measures that can use IQ MacKay historical prices to predict the future IQ MacKay's volatility.| Risk Adjusted Performance | 0.1066 | |||
| Jensen Alpha | 0.0176 | |||
| Total Risk Alpha | 0.0073 | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 0.7479 |
IQ MacKay February 15, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.1066 | |||
| Market Risk Adjusted Performance | 0.7579 | |||
| Mean Deviation | 0.125 | |||
| Downside Deviation | 0.1708 | |||
| Coefficient Of Variation | 548.99 | |||
| Standard Deviation | 0.16 | |||
| Variance | 0.0256 | |||
| Information Ratio | (0.25) | |||
| Jensen Alpha | 0.0176 | |||
| Total Risk Alpha | 0.0073 | |||
| Sortino Ratio | (0.24) | |||
| Treynor Ratio | 0.7479 | |||
| Maximum Drawdown | 0.7538 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.2527 | |||
| Downside Variance | 0.0292 | |||
| Semi Variance | (0.01) | |||
| Expected Short fall | (0.15) | |||
| Skewness | (0.04) | |||
| Kurtosis | 0.1419 |
IQ MacKay Municipal Backtested Returns
As of now, MMIN Etf is very steady. IQ MacKay Municipal retains Efficiency (Sharpe Ratio) of 0.19, which attests that the entity had a 0.19 % return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for IQ MacKay, which you can use to evaluate the volatility of the entity. Please check out IQ MacKay's Downside Deviation of 0.1708, variance of 0.0256, and Market Risk Adjusted Performance of 0.7579 to validate if the risk estimate we provide is consistent with the expected return of 0.0297%. The etf owns a Beta (Systematic Risk) of 0.0256, which attests to not very significant fluctuations relative to the market. 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.
Auto-correlation | 0.64 |
Good predictability
IQ MacKay Municipal has good predictability. Overlapping area represents the amount of predictability between IQ MacKay time series from 17th of November 2025 to 1st of January 2026 and 1st of January 2026 to 15th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of IQ MacKay Municipal price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current IQ MacKay price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Pair Trading with IQ MacKay
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IQ MacKay position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IQ MacKay will appreciate offsetting losses from the drop in the long position's value.Moving together with MMIN Etf
| 0.98 | TFI | SPDR Nuveen Bloomberg | PairCorr |
| 0.95 | PZA | Invesco National AMT | PairCorr |
| 0.7 | MLN | VanEck Long Muni | PairCorr |
Moving against MMIN Etf
| 0.75 | SWIN | Alps Symbol Change | PairCorr |
The ability to find closely correlated positions to IQ MacKay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IQ MacKay when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IQ MacKay - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling IQ MacKay Municipal to buy it.
The correlation of IQ MacKay is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IQ MacKay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IQ MacKay Municipal moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IQ MacKay can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out IQ MacKay Correlation, IQ MacKay Volatility and IQ MacKay Performance module to complement your research on IQ MacKay. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
IQ MacKay 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.