Mymf Etf Performance
| MYMF Etf | 25.10 0.01 0.04% |
The etf secures a Beta (Market Risk) of -0.0249, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MYMF are expected to decrease at a much lower rate. During the bear market, MYMF is likely to outperform the market.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in MYMF are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. Despite nearly stable primary indicators, MYMF is not utilizing all of its potentials. The latest stock price disturbance, may contribute to mid-run losses for the stockholders. ...more
1 | SPDR SSGA My2026 Municipal Bond declares monthly distribution of 0.0155 | 10/02/2024 |
2 | SPDR SSGA My2026 Municipal Bond declares monthly distribution of 0.0624 | 11/04/2024 |
MYMF |
MYMF Relative Risk vs. Return Landscape
If you would invest 2,497 in MYMF on September 1, 2024 and sell it today you would earn a total of 13.00 from holding MYMF or generate 0.52% return on investment over 90 days. MYMF is currently generating 0.0109% in daily expected returns and assumes 0.1136% risk (volatility on return distribution) over the 90 days horizon. In different words, 1% of etfs are less volatile than MYMF, 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 |
MYMF Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYMF's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as MYMF, and traders can use it to determine the average amount a MYMF'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 = 0.0959
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MYMF |
Estimated Market Risk
| 0.11 actual daily | 0 100% of assets are more volatile |
Expected Return
| 0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average MYMF is performing at about 7% 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 MYMF by adding it to a well-diversified portfolio.
About MYMF Performance
By analyzing MYMF's fundamental ratios, stakeholders can gain valuable insights into MYMF's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if MYMF has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if MYMF has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
MYMF is entity of United States. It is traded as Etf on NASDAQ exchange.| Latest headline from seekingalpha.com: SPDR SSGA My2026 Municipal Bond declares monthly distribution of 0.0624 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYMF. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
The market value of MYMF is measured differently than its book value, which is the value of MYMF that is recorded on the company's balance sheet. Investors also form their own opinion of MYMF's value that differs from its market value or its book value, called intrinsic value, which is MYMF'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 MYMF's market value can be influenced by many factors that don't directly affect MYMF'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 MYMF's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYMF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYMF'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.