Myck Etf Market Value
| MYCK Etf | 24.53 0.19 0.78% |
| Symbol | MYCK |
The market value of MYCK is measured differently than its book value, which is the value of MYCK that is recorded on the company's balance sheet. Investors also form their own opinion of MYCK's value that differs from its market value or its book value, called intrinsic value, which is MYCK'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 MYCK's market value can be influenced by many factors that don't directly affect MYCK'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 MYCK's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYCK is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYCK'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.
MYCK '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 MYCK'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 MYCK.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in MYCK on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding MYCK or generate 0.0% return on investment in MYCK over 30 days. MYCK is related to or competes with VanEck Vectors, Vanguard ESG, Vanguard Intermediate, Vanguard Long, Vanguard Short, MYCF, and MYCL. MYCK is entity of United States. It is traded as Etf on NASDAQ exchange. More
MYCK 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 MYCK'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 MYCK upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.61) | |||
| Maximum Drawdown | 1.4 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.3248 |
MYCK Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYCK's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MYCK's standard deviation. In reality, there are many statistical measures that can use MYCK historical prices to predict the future MYCK's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 1.31 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MYCK's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
MYCK Backtested Returns
MYCK retains Efficiency (Sharpe Ratio) of -0.11, which conveys that the entity had a -0.11% return per unit of risk over the last 3 months. MYCK exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MYCK's Market Risk Adjusted Performance of 1.32, mean deviation of 0.2215, and Coefficient Of Variation of (545.40) to check out the risk estimate we provide. The etf owns a Beta (Systematic Risk) of -0.0502, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MYCK are expected to decrease at a much lower rate. During the bear market, MYCK is likely to outperform the market.
Auto-correlation | 0.41 |
Average predictability
MYCK has average predictability. Overlapping area represents the amount of predictability between MYCK time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MYCK price movement. The serial correlation of 0.41 indicates that just about 41.0% of current MYCK price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
MYCK lagged returns against current returns
Autocorrelation, which is MYCK 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 MYCK's etf expected returns. We can calculate the autocorrelation of MYCK returns to help us make a trade decision. For example, suppose you find that MYCK 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 |
MYCK 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 MYCK etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MYCK etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MYCK etf over time.
Current vs Lagged Prices |
| Timeline |
MYCK Lagged Returns
When evaluating MYCK's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MYCK etf have on its future price. MYCK 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, MYCK autocorrelation shows the relationship between MYCK etf current value and its past values and can show if there is a momentum factor associated with investing in MYCK.
Regressed Prices |
| Timeline |
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MYCK 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.