MegaLong Semiconductors' market value is the price at which a share of MegaLong Semiconductors trades on a public exchange. It measures the collective expectations of MegaLong Semiconductors Daily investors about its performance. MegaLong Semiconductors is selling at 19.78 as of the 3rd of February 2026; that is 5.89 percent increase since the beginning of the trading day. The etf's open price was 18.68. With this module, you can estimate the performance of a buy and hold strategy of MegaLong Semiconductors Daily and determine expected loss or profit from investing in MegaLong Semiconductors over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in industry.
Symbol
MegaLong
MegaLong Semiconductors '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 MegaLong Semiconductors' 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 MegaLong Semiconductors.
0.00
11/05/2025
No Change 0.00
0.0
In 3 months and 1 day
02/03/2026
0.00
If you would invest 0.00 in MegaLong Semiconductors on November 5, 2025 and sell it all today you would earn a total of 0.00 from holding MegaLong Semiconductors Daily or generate 0.0% return on investment in MegaLong Semiconductors over 90 days.
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MegaLong Semiconductors' 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 MegaLong Semiconductors Daily upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for MegaLong Semiconductors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MegaLong Semiconductors' standard deviation. In reality, there are many statistical measures that can use MegaLong Semiconductors historical prices to predict the future MegaLong Semiconductors' volatility.
MegaLong Semiconductors appears to be somewhat reliable, given 3 months investment horizon. MegaLong Semiconductors has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11 % return per unit of risk over the last 3 months. By analyzing MegaLong Semiconductors' technical indicators, you can evaluate if the expected return of 0.71% is justified by implied risk. Please exercise MegaLong Semiconductors' Downside Deviation of 7.5, risk adjusted performance of 0.0779, and Mean Deviation of 4.8 to check out if our risk estimates are consistent with your expectations. The etf secures a Beta (Market Risk) of 3.49, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, MegaLong Semiconductors will likely underperform.
Auto-correlation
0.20
Weak predictability
MegaLong Semiconductors Daily has weak predictability. Overlapping area represents the amount of predictability between MegaLong Semiconductors time series from 5th of November 2025 to 20th of December 2025 and 20th of December 2025 to 3rd 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 MegaLong Semiconductors price movement. The serial correlation of 0.2 indicates that over 20.0% of current MegaLong Semiconductors price fluctuation can be explain by its past prices.
Correlation Coefficient
0.2
Spearman Rank Test
0.32
Residual Average
0.0
Price Variance
6.03
Pair Trading with MegaLong Semiconductors
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if MegaLong Semiconductors position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in MegaLong Semiconductors will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to MegaLong Semiconductors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MegaLong Semiconductors when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back MegaLong Semiconductors - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling MegaLong Semiconductors Daily to buy it.
The correlation of MegaLong Semiconductors is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MegaLong Semiconductors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MegaLong Semiconductors moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for MegaLong Semiconductors can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.