Mcef Etf Profile
MCEF is trading at 16.87 as of the 25th of April 2024. This is a 0.12 percent up since the beginning of the trading day. The etf's lowest day price was 16.81. Equity ratings for MCEF are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of July 2022 and ending today, the 25th of April 2024. Click here to learn more.
MCEF Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. MCEF's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MCEF or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Old Name | First Trust Municipal CEF Income Opportunity ETF |
| Business Concentration | Muni National Long, First Trust (View all Sectors) |
| Country Name | USA |
| Returns Y T D | 0.31 |
| Name | First Trust Municipal CEF Income Opportunity ETF |
| Currency Code | USD |
| In Threey Volatility | 10.83 |
| 1y Volatility | 8.69 |
| 200 Day M A | 19.4925 |
| 50 Day M A | 17.112 |
| Code | MCEF |
| Updated At | 3rd of March 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.36) |
| Type | ETF |
MCEF [MCEF] is traded in USA and was established 2016-09-27. The fund is listed under Muni National Long category and is part of First Trust family. MCEF now have 16.98 M in assets. , while the total return for the last 3 years was -1.6%.
Check MCEF Probability Of Bankruptcy
Top MCEF Etf Constituents
| BTT | Blackrock Municipal Target | Stock | Financials |
| NZF | Nuveen Municipal Credit | Fund | Asset Management |
| NVG | Nuveen Amt Free | Fund | Asset Management |
| NUV | Nuveen Municipal Value | Fund | Asset Management |
| NMCO | Nuveen Municipal Credit | Fund | High Yield Muni |
| NEA | Nuveen Amt Free Municipal | Fund | Asset Management |
| NAD | Nuveen Dividend Advantage | Fund | Asset Management |
MCEF Target Price Odds Analysis
In reference to a normal probability distribution, the odds of MCEF jumping above the current price in 90 days from now is about 19.87%. The MCEF probability density function shows the probability of MCEF etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days MCEF has a beta of -0.2586. This indicates as returns on the benchmark increase, returns on holding MCEF are expected to decrease at a much lower rate. During a bear market, however, MCEF is likely to outperform the market. Additionally, mCEF has an alpha of 0.1425, implying that it can generate a 0.14 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of MCEF to move above the current price in 90 days from now is about 19.87 (This MCEF probability density function shows the probability of MCEF Etf to fall within a particular range of prices over 90 days) .
MCEF Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. MCEF market risk premium is the additional return an investor will receive from holding MCEF long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in MCEF. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although MCEF's alpha and beta are two of the key measurements used to evaluate MCEF's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4735 | |||
| Semi Deviation | 0.3161 | |||
| Standard Deviation | 0.6357 | |||
| Variance | 0.4041 |
MCEF Against Markets
Picking the right benchmark for MCEF etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MCEF etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MCEF is critical whether you are bullish or bearish towards MCEF at a given time. Please also check how MCEF's historical prices are related to one of the top price index indicators.
MCEF Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MCEF etf to make a market-neutral strategy. Peer analysis of MCEF could also be used in its relative valuation, which is a method of valuing MCEF by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
How to buy MCEF Etf?
Before investing in MCEF, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in MCEF. To buy MCEF etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MCEF. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase MCEF etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MCEF etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased MCEF etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as MCEF, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in MCEF?
The danger of trading MCEF is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MCEF is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MCEF. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MCEF is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether MCEF is a strong investment it is important to analyze MCEF's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MCEF's future performance. For an informed investment choice regarding MCEF Etf, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the MCEF information on this page should be used as a complementary analysis to other MCEF's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
The market value of MCEF is measured differently than its book value, which is the value of MCEF that is recorded on the company's balance sheet. Investors also form their own opinion of MCEF's value that differs from its market value or its book value, called intrinsic value, which is MCEF'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 MCEF's market value can be influenced by many factors that don't directly affect MCEF'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 MCEF's value and its price as these two are different measures arrived at by different means. Investors typically determine if MCEF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MCEF'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.