Nyli Mackay Core Etf Performance
| CPLB Etf | 20.76 0.01 0.05% |
The etf secures a Beta (Market Risk) of 0.0534, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NYLI MacKay's returns are expected to increase less than the market. However, during the bear market, the loss of holding NYLI MacKay is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days NYLI MacKay Core has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong essential indicators, NYLI MacKay is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.65 |
NYLI |
NYLI MacKay Relative Risk vs. Return Landscape
If you would invest 2,106 in NYLI MacKay Core on October 11, 2024 and sell it today you would lose (30.00) from holding NYLI MacKay Core or give up 1.42% of portfolio value over 90 days. NYLI MacKay Core is currently does not generate positive expected returns and assumes 0.2548% risk (volatility on return distribution) over the 90 days horizon. In different words, 2% of etfs are less volatile than NYLI, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
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NYLI MacKay Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NYLI MacKay's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as NYLI MacKay Core, and traders can use it to determine the average amount a NYLI 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 = -0.091
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| Negative Returns | CPLB |
Estimated Market Risk
| 0.25 actual daily | 2 98% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.09 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NYLI MacKay 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 NYLI MacKay by adding NYLI MacKay to a well-diversified portfolio.
NYLI MacKay Fundamentals Growth
NYLI Etf prices reflect investors' perceptions of the future prospects and financial health of NYLI MacKay, and NYLI 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 NYLI Etf performance.
About NYLI MacKay Performance
By analyzing NYLI MacKay's fundamental ratios, stakeholders can gain valuable insights into NYLI MacKay's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NYLI MacKay 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 NYLI MacKay has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| NYLI MacKay Core generated a negative expected return over the last 90 days | |
| NYLI MacKay Core was previously known as IndexIQ Active ETF and was traded on NYSE ARCA Exchange under the symbol ESGB. | |
| The fund created three year return of -1.0% |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in NYLI MacKay Core. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of NYLI MacKay Core is measured differently than its book value, which is the value of NYLI that is recorded on the company's balance sheet. Investors also form their own opinion of NYLI MacKay's value that differs from its market value or its book value, called intrinsic value, which is NYLI 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 NYLI MacKay's market value can be influenced by many factors that don't directly affect NYLI 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 NYLI MacKay's value and its price as these two are different measures arrived at by different means. Investors typically determine if NYLI MacKay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NYLI 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.