IndexIQ Ownership
| IQIN Etf | USD 32.60 0.04 0.12% |
IndexIQ |
IndexIQ Etf Ownership Analysis
The fund retains 100.04% of assets under management (AUM) in equities. IndexIQ last dividend was 0.14 per share. The fund invests, under normal circumstances, 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 500 is traded on NYSEARCA Exchange in the United States. To learn more about IndexIQ call the company at NA.Top Etf Constituents
| MT | ArcelorMittal SA ADR | Stock | |
| ROG | Rogers | Stock |
Institutional Etf Holders for IndexIQ
| MGXAX | Mainstay Growth Allocation | Mutual Fund | |
| MGXNX | Mainstay Growth Allocation | Mutual Fund | |
| MGXBX | Mainstay Growth Allocation | Mutual Fund | |
| MGXIX | Mainstay Growth Allocation | Mutual Fund | |
| MGXRX | Mainstay Growth Allocation | Mutual Fund | |
| MGXCX | Mainstay Growth Allocation | Mutual Fund |
Pair Trading with IndexIQ
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IndexIQ position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IndexIQ will appreciate offsetting losses from the drop in the long position's value.Moving against IndexIQ Etf
| 0.63 | PID | Invesco International | PairCorr |
| 0.62 | DFIV | Dimensional International | PairCorr |
| 0.61 | FNDF | Schwab Fundamental | PairCorr |
| 0.61 | IDV | iShares International | PairCorr |
| 0.61 | HDEF | Xtrackers MSCI EAFE | PairCorr |
The ability to find closely correlated positions to IndexIQ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IndexIQ when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IndexIQ - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling IndexIQ to buy it.
The correlation of IndexIQ is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IndexIQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IndexIQ moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IndexIQ can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. 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 IndexIQ is measured differently than its book value, which is the value of IndexIQ that is recorded on the company's balance sheet. Investors also form their own opinion of IndexIQ's value that differs from its market value or its book value, called intrinsic value, which is IndexIQ'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 IndexIQ's market value can be influenced by many factors that don't directly affect IndexIQ'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 IndexIQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if IndexIQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IndexIQ'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.