Iq Mackay Municipal Etf Market Value
| MMIT Etf | USD 24.62 0.02 0.08% |
| Symbol | MMIT |
IQ MacKay Municipal's market price often diverges from its book value, the accounting figure shown on MMIT'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. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. 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.
| 11/15/2025 |
| 02/13/2026 |
If you would invest 0.00 in IQ MacKay on November 15, 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 BlackRock AAA, FT Cboe, Xtrackers USD, Virtus Reaves, First Trust, FT Cboe, and First Trust. 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 | 0.1105 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 0.6614 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.2056 |
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 | 0.1762 | |||
| Jensen Alpha | 0.0203 | |||
| Total Risk Alpha | 0.0118 | |||
| Sortino Ratio | (0.45) | |||
| Treynor Ratio | 6.62 |
IQ MacKay February 13, 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 | 0.1762 | |||
| Market Risk Adjusted Performance | 6.63 | |||
| Mean Deviation | 0.0727 | |||
| Downside Deviation | 0.1105 | |||
| Coefficient Of Variation | 328.41 | |||
| Standard Deviation | 0.1002 | |||
| Variance | 0.01 | |||
| Information Ratio | (0.50) | |||
| Jensen Alpha | 0.0203 | |||
| Total Risk Alpha | 0.0118 | |||
| Sortino Ratio | (0.45) | |||
| Treynor Ratio | 6.62 | |||
| Maximum Drawdown | 0.6614 | |||
| Value At Risk | (0.12) | |||
| Potential Upside | 0.2056 | |||
| Downside Variance | 0.0122 | |||
| Semi Variance | (0.02) | |||
| Expected Short fall | (0.1) | |||
| Skewness | (0.11) | |||
| Kurtosis | 2.63 |
IQ MacKay Municipal Backtested Returns
Currently, IQ MacKay Municipal is very steady. IQ MacKay Municipal retains Efficiency (Sharpe Ratio) of 0.4, which attests that the entity had a 0.4 % return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for IQ MacKay, which you can use to evaluate the volatility of the entity. Please check out IQ MacKay's Market Risk Adjusted Performance of 6.63, variance of 0.01, and Downside Deviation of 0.1105 to validate if the risk estimate we provide is consistent with the expected return of 0.0329%. The etf owns a Beta (Systematic Risk) of 0.0031, 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 | 0.87 |
Very good predictability
IQ MacKay Municipal has very good predictability. Overlapping area represents the amount of predictability between IQ MacKay time series from 15th of November 2025 to 30th of December 2025 and 30th of December 2025 to 13th 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 0.87 indicates that approximately 87.0% of current IQ MacKay price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Thematic Opportunities
Explore Investment Opportunities
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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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.