MegaLong's market value is the price at which a share of MegaLong trades on a public exchange. It measures the collective expectations of MegaLong SP 500 investors about its performance. MegaLong is selling at 31.07 as of the 2nd of February 2026; that is 0.32 percent decrease since the beginning of the trading day. The etf's open price was 31.17. With this module, you can estimate the performance of a buy and hold strategy of MegaLong SP 500 and determine expected loss or profit from investing in MegaLong 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 small area income & poverty estimates.
Symbol
MegaLong
MegaLong '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'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 MegaLong.
0.00
11/04/2025
No Change 0.00
0.0
In 3 months and 1 day
02/02/2026
0.00
If you would invest 0.00 in MegaLong on November 4, 2025 and sell it all today you would earn a total of 0.00 from holding MegaLong SP 500 or generate 0.0% return on investment in MegaLong over 90 days.
MegaLong 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 MegaLong'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 MegaLong SP 500 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's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MegaLong's standard deviation. In reality, there are many statistical measures that can use MegaLong historical prices to predict the future MegaLong's volatility.
As of now, MegaLong Etf is very steady. MegaLong SP 500 has Sharpe Ratio of close to zero, which conveys that the entity had a close to zero % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for MegaLong, which you can use to evaluate the volatility of the etf. Please verify MegaLong's Mean Deviation of 1.58, risk adjusted performance of (0.01), and Standard Deviation of 2.25 to check out if the risk estimate we provide is consistent with the expected return of 0.0201%. The etf secures a Beta (Market Risk) of 1.26, 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 will likely underperform.
Auto-correlation
-0.53
Good reverse predictability
MegaLong SP 500 has good reverse predictability. Overlapping area represents the amount of predictability between MegaLong time series from 4th of November 2025 to 19th of December 2025 and 19th of December 2025 to 2nd 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 SP 500 price movement. The serial correlation of -0.53 indicates that about 53.0% of current MegaLong price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.53
Spearman Rank Test
-0.34
Residual Average
0.0
Price Variance
0.41
Pair Trading with MegaLong
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 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 will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to MegaLong 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 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 - 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 SP 500 to buy it.
The correlation of MegaLong 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MegaLong SP 500 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 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.