Mymh Etf Market Value
| MYMH Etf | 24.91 0.04 0.16% |
| Symbol | MYMH |
The market value of MYMH is measured differently than its book value, which is the value of MYMH that is recorded on the company's balance sheet. Investors also form their own opinion of MYMH's value that differs from its market value or its book value, called intrinsic value, which is MYMH'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 MYMH's market value can be influenced by many factors that don't directly affect MYMH'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 MYMH's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYMH is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYMH'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.
MYMH 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to MYMH's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of MYMH.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in MYMH on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding MYMH or generate 0.0% return on investment in MYMH over 30 days. MYMH is related to or competes with Invesco BulletShares, Invesco BulletShares, and Invesco BulletShares. MYMH is entity of United States. It is traded as Etf on NASDAQ exchange. More
MYMH Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure MYMH's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess MYMH upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 1.17 | |||
| Value At Risk | (0.57) | |||
| Potential Upside | 0.2824 |
MYMH Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for MYMH's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as MYMH's standard deviation. In reality, there are many statistical measures that can use MYMH historical prices to predict the future MYMH's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | 0.1726 |
MYMH Backtested Returns
MYMH has Sharpe Ratio of -0.0183, which conveys that the entity had a -0.0183% return per unit of volatility over the last 3 months. MYMH exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MYMH's risk adjusted performance of (0.03), and Mean Deviation of 0.1651 to check out the risk estimate we provide. The etf secures a Beta (Market Risk) of -0.0846, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MYMH are expected to decrease at a much lower rate. During the bear market, MYMH is likely to outperform the market.
Auto-correlation | 0.48 |
Average predictability
MYMH has average predictability. Overlapping area represents the amount of predictability between MYMH time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of MYMH price movement. The serial correlation of 0.48 indicates that about 48.0% of current MYMH price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
MYMH lagged returns against current returns
Autocorrelation, which is MYMH etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting MYMH's etf expected returns. We can calculate the autocorrelation of MYMH returns to help us make a trade decision. For example, suppose you find that MYMH has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
MYMH regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If MYMH etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if MYMH etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in MYMH etf over time.
Current vs Lagged Prices |
| Timeline |
MYMH Lagged Returns
When evaluating MYMH's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of MYMH etf have on its future price. MYMH autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, MYMH autocorrelation shows the relationship between MYMH etf current value and its past values and can show if there is a momentum factor associated with investing in MYMH.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether MYMH offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MYMH's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mymh Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Mymh Etf:Check out MYMH Correlation, MYMH Volatility and MYMH Alpha and Beta module to complement your research on MYMH. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
MYMH 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.