Madison Covered Call Etf Performance
| MCN Etf | USD 7.06 0.03 0.42% |
The etf secures a Beta (Market Risk) of 0.002, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Madison Covered's returns are expected to increase less than the market. However, during the bear market, the loss of holding Madison Covered is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days Madison Covered Call has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental indicators, Madison Covered is not utilizing all of its potentials. The current stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Disposition of 2450 shares by Barnes Randall C of Madison Covered at 6.6 subject to Rule 16b-3 | 09/18/2024 |
2 | Madison Covered Call Equity Strategy Fund Announces Shareholder Approval of XA Investments as Investment Adviser and Madison Investments as Sub-Adviser Fund to ... | 10/15/2024 |
| Expense Ratio | 0.0000 |
Madison |
Madison Covered Relative Risk vs. Return Landscape
If you would invest 714.00 in Madison Covered Call on August 30, 2024 and sell it today you would lose (8.00) from holding Madison Covered Call or give up 1.12% of portfolio value over 90 days. Madison Covered Call is generating negative expected returns assuming volatility of 0.6711% on return distribution over 90 days investment horizon. In other words, 5% of etfs are less volatile than Madison, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Madison Covered Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Madison Covered's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Madison Covered Call, and traders can use it to determine the average amount a Madison Covered'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 = -0.0233
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| Negative Returns | MCN |
Estimated Market Risk
| 0.67 actual daily | 5 95% of assets are more volatile |
Expected Return
| -0.02 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Madison Covered 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 Madison Covered by adding Madison Covered to a well-diversified portfolio.
Madison Covered Fundamentals Growth
Madison Etf prices reflect investors' perceptions of the future prospects and financial health of Madison Covered, and Madison Covered 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 Madison Etf performance.
| Return On Equity | -5.11 | ||||
| Return On Asset | 0.25 | ||||
| Operating Margin | 26.96 % | ||||
| Current Valuation | 159.31 M | ||||
| Shares Outstanding | 20.96 M | ||||
| Price To Earning | 16.03 X | ||||
| Price To Book | 1.04 X | ||||
| Price To Sales | 65.90 X | ||||
| Revenue | 2.33 M | ||||
| Cash And Equivalents | 393.76 K | ||||
| Cash Per Share | 0.02 X | ||||
| Total Debt | 618.62 K | ||||
| Debt To Equity | 0 % | ||||
| Book Value Per Share | 7.09 X | ||||
| Earnings Per Share | 0.46 X | ||||
About Madison Covered Performance
By examining Madison Covered's fundamental ratios, stakeholders can obtain critical insights into Madison Covered'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 Madison Covered 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.
Madison Covered Call Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. It is managed by Madison Asset Management, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in reasonably priced growth stocks of large and mid-cap companies. It also writes covered call options to make its investments. The fund employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as PEG ratios , financial strength, and industry leadership to create its portfolio. It benchmarks the performance of its portfolio against the CBOE SP 500 BuyWrite Index. The fund conducts in-house research to make its investments. It was formerly known as MadisonClaymore Covered Call Equity Strategy Fund. Madison Covered Call Equity Strategy Fund was formed on May 6, 2004 and is domiciled in the United States.| Madison Covered Call generated a negative expected return over the last 90 days | |
| Madison Covered Call has 618.62 K in debt with debt to equity (D/E) ratio of 0.0, which may show that the company is not taking advantage of profits from borrowing. Madison Covered Call has a current ratio of 0.1, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Madison Covered until it has trouble settling it off, either with new capital or with free cash flow. So, Madison Covered's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Madison Covered Call sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Madison to invest in growth at high rates of return. When we think about Madison Covered's use of debt, we should always consider it together with cash and equity. | |
| The entity reported the last year's revenue of 2.33 M. Reported Net Loss for the year was (7.76 M) with profit before taxes, overhead, and interest of 1.99 M. |
Other Information on Investing in Madison Etf
Madison Covered financial ratios help investors to determine whether Madison Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Madison with respect to the benefits of owning Madison Covered security.