Indexiq Etf Trust Etf Buy Hold or Sell Recommendation
| CLNR Etf | USD 24.03 0.07 0.29% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding IndexIQ ETF Trust is 'Strong Hold'. Macroaxis provides IndexIQ ETF buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CLNR positions. The advice algorithm takes into account all of IndexIQ ETF's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting IndexIQ ETF's buy or sell advice are summarized below:
Real Value 23.77 | Hype Value 24.03 | Market Value 24.03 | Naive Value 23.41 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell IndexIQ ETF Trust given historical horizon and risk tolerance towards IndexIQ ETF. When Macroaxis issues a 'buy' or 'sell' recommendation for IndexIQ ETF Trust, the advice is generated through an automated system that utilizes algorithms and statistical models.
IndexIQ |
Execute IndexIQ ETF Buy or Sell Advice
The IndexIQ recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on IndexIQ ETF Trust. Macroaxis does not own or have any residual interests in IndexIQ ETF Trust or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute IndexIQ ETF's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Not Available | Details |
IndexIQ ETF Trading Alerts and Improvement Suggestions
| Latest headline from news.google.com: Viridi Funds Launches ETF Focused on Cleaner Energy Crypto Miners - Yahoo New Zealand News | |
| The fund holds 100.1% of its assets under management (AUM) in equities |
IndexIQ ETF Returns Distribution Density
The distribution of IndexIQ ETF's historical returns is an attempt to chart the uncertainty of IndexIQ ETF's future price movements. The chart of the probability distribution of IndexIQ ETF daily returns describes the distribution of returns around its average expected value. We use IndexIQ ETF Trust price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of IndexIQ ETF returns is essential to provide solid investment advice for IndexIQ ETF.
| Mean Return | 0.08 | Value At Risk | -1.46 | Potential Upside | 1.36 | Standard Deviation | 0.89 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of IndexIQ ETF historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
IndexIQ ETF Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to IndexIQ ETF or IndexIQ sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that IndexIQ ETF's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a IndexIQ etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.05 | |
β | Beta against NYSE Composite | 1.02 | |
σ | Overall volatility | 0.90 | |
Ir | Information ratio | 0.05 |
IndexIQ ETF Volatility Alert
IndexIQ ETF Trust has low volatility with Treynor Ratio of 0.07, Maximum Drawdown of 3.39 and kurtosis of -0.57. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure IndexIQ ETF's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact IndexIQ ETF's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.IndexIQ ETF Fundamentals Vs Peers
Comparing IndexIQ ETF's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze IndexIQ ETF's direct or indirect competition across all of the common fundamentals between IndexIQ ETF and the related equities. This way, we can detect undervalued stocks with similar characteristics as IndexIQ ETF or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of IndexIQ ETF's fundamental indicators could also be used in its relative valuation, which is a method of valuing IndexIQ ETF by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare IndexIQ ETF to competition |
| Fundamentals | IndexIQ ETF | Peer Average |
| One Year Return | 14.90 % | (0.97) % |
| Net Asset | 4.18 M | 2.29 B |
| Equity Positions Weight | 100.10 % | 52.82 % |
IndexIQ ETF Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as IndexIQ . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Daily Balance Of Power | 9.2 T | //window.location = "/error404.html"; |