Mymf Etf Market Value
| MYMF Etf | 25.10 0.01 0.04% |
| Symbol | MYMF |
The market value of MYMF is measured differently than its book value, which is the value of MYMF that is recorded on the company's balance sheet. Investors also form their own opinion of MYMF's value that differs from its market value or its book value, called intrinsic value, which is MYMF'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 MYMF's market value can be influenced by many factors that don't directly affect MYMF'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 MYMF's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYMF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYMF'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.
MYMF '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 MYMF'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 MYMF.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in MYMF on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding MYMF or generate 0.0% return on investment in MYMF over 30 days. MYMF is related to or competes with Invesco BulletShares, and Invesco BulletShares. MYMF is entity of United States. It is traded as Etf on NASDAQ exchange. More
MYMF 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 MYMF'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 MYMF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1813 | |||
| Information Ratio | (1.12) | |||
| Maximum Drawdown | 0.5209 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.1601 |
MYMF Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYMF's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MYMF's standard deviation. In reality, there are many statistical measures that can use MYMF historical prices to predict the future MYMF's volatility.| Risk Adjusted Performance | 0.0159 | |||
| Jensen Alpha | 0.0041 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.70) | |||
| Treynor Ratio | (0.04) |
MYMF Backtested Returns
At this point, MYMF is very steady. MYMF has Sharpe Ratio of 0.0959, which conveys that the entity had a 0.0959% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for MYMF, which you can use to evaluate the volatility of the etf. Please verify MYMF's risk adjusted performance of 0.0159, and Mean Deviation of 0.0759 to check out if the risk estimate we provide is consistent with the expected return of 0.0109%. The etf secures a Beta (Market Risk) of -0.0249, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MYMF are expected to decrease at a much lower rate. During the bear market, MYMF is likely to outperform the market.
Auto-correlation | 0.56 |
Modest predictability
MYMF has modest predictability. Overlapping area represents the amount of predictability between MYMF time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 MYMF price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current MYMF price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MYMF lagged returns against current returns
Autocorrelation, which is MYMF 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 MYMF's etf expected returns. We can calculate the autocorrelation of MYMF returns to help us make a trade decision. For example, suppose you find that MYMF 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 |
MYMF 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 MYMF etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MYMF etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MYMF etf over time.
Current vs Lagged Prices |
| Timeline |
MYMF Lagged Returns
When evaluating MYMF's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MYMF etf have on its future price. MYMF 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, MYMF autocorrelation shows the relationship between MYMF etf current value and its past values and can show if there is a momentum factor associated with investing in MYMF.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether MYMF is a strong investment it is important to analyze MYMF's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MYMF's future performance. For an informed investment choice regarding MYMF Etf, refer to the following important reports:Check out MYMF Correlation, MYMF Volatility and MYMF Alpha and Beta module to complement your research on MYMF. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
MYMF 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.