Iq Mackay Municipal Etf Performance
| MMIN Etf | USD 24.19 0.03 0.12% |
The etf owns a Beta (Systematic Risk) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IQ MacKay are expected to decrease at a much lower rate. During the bear market, IQ MacKay is likely to outperform the market.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in IQ MacKay Municipal are ranked lower than 1 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy forward indicators, IQ MacKay is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
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| In Threey Sharp Ratio | -0.50 |
MMIN |
IQ MacKay Relative Risk vs. Return Landscape
If you would invest 2,407 in IQ MacKay Municipal on August 27, 2024 and sell it today you would earn a total of 12.00 from holding IQ MacKay Municipal or generate 0.5% return on investment over 90 days. IQ MacKay Municipal is currently generating 0.0083% in daily expected returns and assumes 0.3299% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than MMIN, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
IQ MacKay Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for IQ MacKay's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as IQ MacKay Municipal, and traders can use it to determine the average amount a IQ MacKay's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0252
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MMIN |
Estimated Market Risk
| 0.33 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 1 99% of assets perform better |
Based on monthly moving average IQ MacKay is performing at about 1% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IQ MacKay by adding it to a well-diversified portfolio.
IQ MacKay Fundamentals Growth
MMIN Etf prices reflect investors' perceptions of the future prospects and financial health of IQ MacKay, and IQ MacKay fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on MMIN Etf performance.
| Total Asset | 341.48 M | |||
About IQ MacKay Performance
By examining IQ MacKay's fundamental ratios, stakeholders can obtain critical insights into IQ MacKay's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that IQ MacKay is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. IQ Mackay is traded on NYSEARCA Exchange in the United States.| Latest headline from news.google.com: How To Trade - Stock Traders Daily | |
| The fund created three year return of -1.0% | |
| IQ MacKay Municipal maintains most of the assets in different exotic instruments. |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in IQ MacKay Municipal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of IQ MacKay Municipal is measured differently than its book value, which is the value of MMIN that is recorded on the company's balance sheet. Investors also form their own opinion of IQ MacKay's value that differs from its market value or its book value, called intrinsic value, which is IQ MacKay'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 IQ MacKay's market value can be influenced by many factors that don't directly affect IQ MacKay'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 IQ MacKay's value and its price as these two are different measures arrived at by different means. Investors typically determine if IQ MacKay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IQ MacKay'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.