Iq Merger Arbitrage Etf Price on May 28, 2024
| MNA Etf | USD 32.80 0.09 0.27% |
Below is the normalized historical share price chart for IQ Merger Arbitrage extending back to November 17, 2009. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of IQ Merger stands at 32.80, as last reported on the 19th of December, with the highest price reaching 32.94 and the lowest price hitting 32.80 during the day.
If you're considering investing in MNA Etf, it is important to understand the factors that can impact its price. IQ Merger Arbitrage retains Efficiency (Sharpe Ratio) of -0.0265, which attests that the entity had a -0.0265% return per unit of price deviation over the last 3 months. IQ Merger exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IQ Merger's Coefficient Of Variation of (2,021), information ratio of (0.22), and Market Risk Adjusted Performance of (0.22) to validate the risk estimate we provide.
MNA Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 3.92 | 200 Day MA 32.0413 | 1 y Volatility 3.98 | 50 Day MA 32.8392 | Inception Date 2009-11-17 |
MNA |
Sharpe Ratio = -0.0265
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Estimated Market Risk
| 0.18 actual daily | 1 99% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IQ Merger is not performing at its full potential. However, 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 Merger by adding IQ Merger to a well-diversified portfolio.
Average Mkt Cap Mil 4.5 K |
IQ Merger Valuation on May 28, 2024
It is possible to determine the worth of IQ Merger on a given historical date. On May 28, 2024 MNA was worth 31.22 at the beginning of the trading date compared to the closed value of 31.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IQ Merger etf. Still, in general, we apply an absolute valuation method to find IQ Merger's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of IQ Merger where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IQ Merger's related companies.
| Open | High | Low | Close | Volume | |
| 31.20 | 31.33 | 31.20 | 31.24 | 20,617 | |
05/28/2024 | 31.22 | 31.22 | 31.12 | 31.17 | 19,852 |
| 31.07 | 31.20 | 31.07 | 31.13 | 16,712 |
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IQ Merger Trading Date Momentum on May 28, 2024
| On May 29 2024 IQ Merger Arbitrage was traded for 31.13 at the closing time. Highest IQ Merger's price during the trading hours was 31.20 and the lowest price during the day was 31.07 . The net volume was 16.7 K. The overall trading history on the 29th of May contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.13% . The trading delta at closing time to current price is 0.64% . |
IQ Merger Arbitrage Fundamentals Correlations and Trends
By evaluating IQ Merger's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among IQ Merger's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MNA financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IQ Merger Etf history
IQ Merger investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for MNA is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in IQ Merger Arbitrage will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing IQ Merger stock prices may prove useful in developing a viable investing in IQ Merger
The fund invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. IQ Merger is traded on NYSEARCA Exchange in the United States.
IQ Merger Etf Technical Analysis
IQ Merger 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.
Price Boundaries
IQ Merger Period Price Range
Low | December 19, 2024
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0.00 | 0.00 |
IQ Merger Arbitrage cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
IQ Merger December 19, 2024 Market Strength
Market strength indicators help investors to evaluate how IQ Merger etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IQ Merger shares will generate the highest return on investment. By undertsting and applying IQ Merger etf market strength indicators, traders can identify IQ Merger Arbitrage entry and exit signals to maximize returns
IQ Merger Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IQ Merger's price direction in advance. Along with the technical and fundamental analysis of MNA Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of MNA to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (0.23) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in IQ Merger Arbitrage. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
The market value of IQ Merger Arbitrage is measured differently than its book value, which is the value of MNA that is recorded on the company's balance sheet. Investors also form their own opinion of IQ Merger's value that differs from its market value or its book value, called intrinsic value, which is IQ Merger'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 Merger's market value can be influenced by many factors that don't directly affect IQ Merger'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 Merger's value and its price as these two are different measures arrived at by different means. Investors typically determine if IQ Merger is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IQ Merger'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.