Madison Covered Call Etf Profile

MCN Etf  USD 7.37  0.13  1.73%   

Performance

0 of 100

 
Low
 
High
Very Weak

Odds Of Distress

Less than 42

 
100  
 
Zero
Below Average
Madison Covered is selling at 7.37 as of the 28th of March 2024; that is -1.73 percent decrease since the beginning of the trading day. The etf's open price was 7.5. Madison Covered has about a 42 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Madison Covered Call are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of February 2024 and ending today, the 28th of March 2024. Click here to learn more.
Madison Covered Call Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. MadisonClaymore Covered is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange. The company has 20.96 M outstanding shares of which 107.44 K shares are now shorted by investors with about 0.79 days to cover. More on Madison Covered Call

Moving together with Madison Etf

  0.61HODL VanEck Bitcoin Trust Low VolatilityPairCorr

Moving against Madison Etf

  0.51MCD McDonalds Sell-off TrendPairCorr

Madison 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. Madison Covered's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Madison Covered or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOKevin Robinson
Old Names[NTT DOCOMO, NTT DOCOMO - Dusseldorf Stock Exchang, NTT DOCOMO, NTT DOCOMO (MCN.SG), NTT DOCOMO INC]
Business ConcentrationDerivative Income, Asset Management, Financial Services (View all Sectors)
Update Date31st of March 2024
Nav6.92
Prev Close Price7.3
Country NameUSA
CodeMCN
I S I NUS5574371002
NameMadison Covered Call and Equity Strategy Fund
Currency NameUS Dollar
Currency CodeUSD
Open FigiBBG000P8Q8D4
TypeFUND
Expense Ratio0.0000
Madison Covered Call [MCN] is traded in USA and was established 2004-07-28. The fund is not categorized under any group at the present time. Madison Covered Call now have in assets. The fund is currently generating return of 0.59% with the current yeild of 0.02%, while the total return for the last 3 years was 8.38%.
Check Madison Covered Probability Of Bankruptcy

Madison Covered Target Price Odds Analysis

Contingent on a normal probability distribution, the odds of Madison Covered jumping above the current price in 90 days from now is under 4%. The Madison Covered Call probability density function shows the probability of Madison Covered etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Madison Covered has a beta of 0.2503. This indicates as returns on the market go up, Madison Covered average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Madison Covered Call will be expected to be much smaller as well. Additionally, madison Covered Call has an alpha of 0.0815, implying that it can generate a 0.0815 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 7.37HorizonTargetOdds Above 7.37
96.74%90 days
 7.37 
3.16%
Based on a normal probability distribution, the odds of Madison Covered to move above the current price in 90 days from now is under 4 (This Madison Covered Call probability density function shows the probability of Madison Etf to fall within a particular range of prices over 90 days) .

Madison Covered Call Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Madison Covered market risk premium is the additional return an investor will receive from holding Madison Covered 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 Madison Covered. 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 Madison Covered's alpha and beta are two of the key measurements used to evaluate Madison Covered's performance over the market, the standard measures of volatility play an important role as well.

Madison Covered Against Markets

Picking the right benchmark for Madison Covered 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 Madison Covered 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 Madison Covered is critical whether you are bullish or bearish towards Madison Covered Call at a given time. Please also check how Madison Covered's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Madison Covered without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy Madison Etf?

Before investing in Madison Covered, 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 Madison Covered. To buy Madison Covered etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Madison Covered. 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 Madison Covered etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Madison Covered Call 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 Madison Covered Call 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 Madison Covered Call, 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 Madison Covered Call?

The danger of trading Madison Covered Call 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 Madison Covered 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 Madison Covered. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Madison Covered Call 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Madison Covered Call. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Madison Covered Call information on this page should be used as a complementary analysis to other Madison Covered'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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running Madison Covered's price analysis, check to measure Madison Covered's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Madison Covered is operating at the current time. Most of Madison Covered's value examination focuses on studying past and present price action to predict the probability of Madison Covered's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Madison Covered's price. Additionally, you may evaluate how the addition of Madison Covered to your portfolios can decrease your overall portfolio volatility.
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The market value of Madison Covered Call is measured differently than its book value, which is the value of Madison that is recorded on the company's balance sheet. Investors also form their own opinion of Madison Covered's value that differs from its market value or its book value, called intrinsic value, which is Madison Covered'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 Madison Covered's market value can be influenced by many factors that don't directly affect Madison Covered'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 Madison Covered's value and its price as these two are different measures arrived at by different means. Investors typically determine if Madison Covered is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Madison Covered'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.