Mycm Etf Market Value
| MYCM Etf | 24.25 0.04 0.17% |
| Symbol | MYCM |
The market value of MYCM is measured differently than its book value, which is the value of MYCM that is recorded on the company's balance sheet. Investors also form their own opinion of MYCM's value that differs from its market value or its book value, called intrinsic value, which is MYCM'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 MYCM's market value can be influenced by many factors that don't directly affect MYCM'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 MYCM's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYCM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYCM'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.
MYCM '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 MYCM'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 MYCM.
| 08/02/2023 |
| 11/24/2024 |
If you would invest 0.00 in MYCM on August 2, 2023 and sell it all today you would earn a total of 0.00 from holding MYCM or generate 0.0% return on investment in MYCM over 480 days. MYCM is related to or competes with VanEck Vectors, Vanguard ESG, Vanguard Intermediate, Vanguard Long, Vanguard Short, MYCF, and MYCK. MYCM is entity of United States. It is traded as Etf on NASDAQ exchange. More
MYCM 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 MYCM'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 MYCM upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.53) | |||
| Maximum Drawdown | 1.69 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 0.4475 |
MYCM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYCM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MYCM's standard deviation. In reality, there are many statistical measures that can use MYCM historical prices to predict the future MYCM's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | 1.26 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of MYCM'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.
MYCM Backtested Returns
MYCM retains Efficiency (Sharpe Ratio) of -0.17, which conveys that the entity had a -0.17% return per unit of risk over the last 3 months. MYCM exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MYCM's Market Risk Adjusted Performance of 1.27, coefficient of variation of (583.48), and Mean Deviation of 0.255 to check out the risk estimate we provide. The etf owns a Beta (Systematic Risk) of -0.0579, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MYCM are expected to decrease at a much lower rate. During the bear market, MYCM is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
MYCM has no correlation between past and present. Overlapping area represents the amount of predictability between MYCM time series from 2nd of August 2023 to 29th of March 2024 and 29th of March 2024 to 24th 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 MYCM price movement. The serial correlation of 0.0 indicates that just 0.0% of current MYCM price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MYCM lagged returns against current returns
Autocorrelation, which is MYCM 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 MYCM's etf expected returns. We can calculate the autocorrelation of MYCM returns to help us make a trade decision. For example, suppose you find that MYCM 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 |
MYCM 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 MYCM etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MYCM etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MYCM etf over time.
Current vs Lagged Prices |
| Timeline |
MYCM Lagged Returns
When evaluating MYCM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MYCM etf have on its future price. MYCM 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, MYCM autocorrelation shows the relationship between MYCM etf current value and its past values and can show if there is a momentum factor associated with investing in MYCM.
Regressed Prices |
| Timeline |
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MYCM 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.