Mymg Etf Market Value
| MYMG Etf | 25.04 0.01 0.04% |
| Symbol | MYMG |
The market value of MYMG is measured differently than its book value, which is the value of MYMG that is recorded on the company's balance sheet. Investors also form their own opinion of MYMG's value that differs from its market value or its book value, called intrinsic value, which is MYMG'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 MYMG's market value can be influenced by many factors that don't directly affect MYMG'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 MYMG's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYMG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYMG'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.
MYMG '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 MYMG'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 MYMG.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in MYMG on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding MYMG or generate 0.0% return on investment in MYMG over 180 days. MYMG is related to or competes with Invesco BulletShares, and Invesco BulletShares. MYMG is entity of United States. It is traded as Etf on NASDAQ exchange. More
MYMG 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 MYMG'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 MYMG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2248 | |||
| Information Ratio | (0.78) | |||
| Maximum Drawdown | 0.8047 | |||
| Value At Risk | (0.24) | |||
| Potential Upside | 0.201 |
MYMG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYMG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MYMG's standard deviation. In reality, there are many statistical measures that can use MYMG historical prices to predict the future MYMG's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | 0.0021 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.59) | |||
| Treynor Ratio | 0.0834 |
MYMG Backtested Returns
At this point, MYMG is very steady. MYMG has Sharpe Ratio of 0.0352, which conveys that the entity had a 0.0352% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for MYMG, which you can use to evaluate the volatility of the etf. Please verify MYMG's risk adjusted performance of (0.01), and Mean Deviation of 0.1145 to check out if the risk estimate we provide is consistent with the expected return of 0.006%. The etf secures a Beta (Market Risk) of -0.0483, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MYMG are expected to decrease at a much lower rate. During the bear market, MYMG is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
MYMG has no correlation between past and present. Overlapping area represents the amount of predictability between MYMG time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 MYMG price movement. The serial correlation of 0.0 indicates that just 0.0% of current MYMG 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 |
MYMG lagged returns against current returns
Autocorrelation, which is MYMG 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 MYMG's etf expected returns. We can calculate the autocorrelation of MYMG returns to help us make a trade decision. For example, suppose you find that MYMG 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 |
MYMG 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 MYMG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MYMG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MYMG etf over time.
Current vs Lagged Prices |
| Timeline |
MYMG Lagged Returns
When evaluating MYMG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MYMG etf have on its future price. MYMG 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, MYMG autocorrelation shows the relationship between MYMG etf current value and its past values and can show if there is a momentum factor associated with investing in MYMG.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether MYMG is a strong investment it is important to analyze MYMG'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 MYMG's future performance. For an informed investment choice regarding MYMG Etf, refer to the following important reports:Check out MYMG Correlation, MYMG Volatility and MYMG Alpha and Beta module to complement your research on MYMG. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
MYMG 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.