Megalong Canadian Gold Etf Performance

CGMU Etf   16.60  9.08  35.36%   
The etf secures a Beta (Market Risk) of 2.36, 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 Canadian will likely underperform.

Risk-Adjusted Performance

Good

 
Weak
 
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in MegaLong Canadian Gold are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating basic indicators, MegaLong Canadian displayed solid returns over the last few months and may actually be approaching a breakup point. ...more
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MegaLong Canadian Relative Risk vs. Return Landscape

If you would invest  933.00  in MegaLong Canadian Gold on November 3, 2025 and sell it today you would earn a total of  727.00  from holding MegaLong Canadian Gold or generate 77.92% return on investment over 90 days. MegaLong Canadian Gold is generating 1.2819% of daily returns and assumes 8.2447% volatility on return distribution over the 90 days horizon. Simply put, 74% of etfs are less volatile than MegaLong, and 75% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Expected Return   
       Risk  
Assuming the 90 days trading horizon MegaLong Canadian is expected to generate 11.12 times more return on investment than the market. However, the company is 11.12 times more volatile than its market benchmark. It trades about 0.16 of its potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.07 per unit of risk.

MegaLong Canadian Target Price Odds to finish over Current Price

The tendency of MegaLong Etf price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 16.60 90 days 16.60 
about 43.06
Based on a normal probability distribution, the odds of MegaLong Canadian to move above the current price in 90 days from now is about 43.06 (This MegaLong Canadian Gold probability density function shows the probability of MegaLong Etf to fall within a particular range of prices over 90 days) .
Assuming the 90 days trading horizon the etf has the beta coefficient of 2.36 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MegaLong Canadian will likely underperform. Moreover MegaLong Canadian Gold has an alpha of 1.2532, implying that it can generate a 1.25 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta).
   MegaLong Canadian Price Density   
       Price  

Predictive Modules for MegaLong Canadian

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as MegaLong Canadian Gold. Regardless of method or technology, however, to accurately forecast the etf market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the etf market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.

MegaLong Canadian Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. MegaLong Canadian is not an exception. The market had few large corrections towards the MegaLong Canadian's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold MegaLong Canadian Gold, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of MegaLong Canadian within the framework of very fundamental risk indicators.
α
Alpha over Dow Jones
1.25
β
Beta against Dow Jones2.36
σ
Overall volatility
5.43
Ir
Information ratio 0.16

MegaLong Canadian Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of MegaLong Canadian for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for MegaLong Canadian Gold can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
MegaLong Canadian is way too risky over 90 days horizon
MegaLong Canadian appears to be risky and price may revert if volatility continues
MegaLong Canadian is way too risky over 90 days horizon
MegaLong Canadian appears to be risky and price may revert if volatility continues