Yieldmax Magnificent 7 Etf Market Value
| YMAG Etf | 19.28 0.05 0.26% |
| Symbol | YieldMax |
The market value of YieldMax Magnificent is measured differently than its book value, which is the value of YieldMax that is recorded on the company's balance sheet. Investors also form their own opinion of YieldMax Magnificent's value that differs from its market value or its book value, called intrinsic value, which is YieldMax Magnificent'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 YieldMax Magnificent's market value can be influenced by many factors that don't directly affect YieldMax Magnificent'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 YieldMax Magnificent's value and its price as these two are different measures arrived at by different means. Investors typically determine if YieldMax Magnificent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, YieldMax Magnificent'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.
YieldMax Magnificent '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 YieldMax Magnificent'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 YieldMax Magnificent.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in YieldMax Magnificent on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding YieldMax Magnificent 7 or generate 0.0% return on investment in YieldMax Magnificent over 360 days. YieldMax Magnificent is related to or competes with IShares Dividend, Martin Currie, VictoryShares THB, Mast Global, AdvisorShares Gerber, Amplify ETF, and Tidal ETF. YieldMax Magnificent is entity of United States More
YieldMax Magnificent 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 YieldMax Magnificent'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 YieldMax Magnificent 7 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | 0.0374 | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 1.71 |
YieldMax Magnificent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for YieldMax Magnificent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as YieldMax Magnificent's standard deviation. In reality, there are many statistical measures that can use YieldMax Magnificent historical prices to predict the future YieldMax Magnificent's volatility.| Risk Adjusted Performance | 0.1224 | |||
| Jensen Alpha | 0.065 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0322 | |||
| Treynor Ratio | 0.2016 |
YieldMax Magnificent Backtested Returns
At this point, YieldMax Magnificent is very steady. YieldMax Magnificent shows Sharpe Ratio of 0.15, which attests that the etf had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for YieldMax Magnificent, which you can use to evaluate the volatility of the etf. Please check out YieldMax Magnificent's Mean Deviation of 0.8096, market risk adjusted performance of 0.2116, and Downside Deviation of 1.28 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The entity maintains a market beta of 0.8, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, YieldMax Magnificent's returns are expected to increase less than the market. However, during the bear market, the loss of holding YieldMax Magnificent is expected to be smaller as well.
Auto-correlation | -0.06 |
Very weak reverse predictability
YieldMax Magnificent 7 has very weak reverse predictability. Overlapping area represents the amount of predictability between YieldMax Magnificent time series from 30th of November 2023 to 28th of May 2024 and 28th of May 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 YieldMax Magnificent price movement. The serial correlation of -0.06 indicates that barely 6.0% of current YieldMax Magnificent price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
YieldMax Magnificent lagged returns against current returns
Autocorrelation, which is YieldMax Magnificent 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 YieldMax Magnificent's etf expected returns. We can calculate the autocorrelation of YieldMax Magnificent returns to help us make a trade decision. For example, suppose you find that YieldMax Magnificent 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 |
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YieldMax Magnificent 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 YieldMax Magnificent etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if YieldMax Magnificent etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in YieldMax Magnificent etf over time.
Current vs Lagged Prices |
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YieldMax Magnificent Lagged Returns
When evaluating YieldMax Magnificent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of YieldMax Magnificent etf have on its future price. YieldMax Magnificent 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, YieldMax Magnificent autocorrelation shows the relationship between YieldMax Magnificent etf current value and its past values and can show if there is a momentum factor associated with investing in YieldMax Magnificent 7.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether YieldMax Magnificent is a strong investment it is important to analyze YieldMax Magnificent'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 YieldMax Magnificent's future performance. For an informed investment choice regarding YieldMax Etf, refer to the following important reports:Check out YieldMax Magnificent Correlation, YieldMax Magnificent Volatility and YieldMax Magnificent Alpha and Beta module to complement your research on YieldMax Magnificent. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
YieldMax Magnificent 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.