Our philosophy in estimating volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for MNGLN 42 which you can use to evaluate future volatility of the organization. Please verify MNGLN-42 to check out if risk estimate we provide are consistent with the epected return of 0.0%.
|Horizon||30 Days Login to change|
MNGLN-42 Technical Analysis
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MNGLN 42 Projected Return Density Against MarketAssuming 30 trading days horizon, MNGLN 42 has beta of 0.0 indicating unless we do not have required data, the returns on DOW and MNGLN 42 are completely uncorrelated. Furthermore, MNGLN-42It does not look like MNGLN 42 alpha can have any bearing on the equity current valuation.
Predicted Return Density
|Alpha over DOW||=||0.00|
|Beta against DOW||=||0.00|
MNGLN 42 Return VolatilityMNGLN-42 accepts 0.0% volatility on return distribution over the 30 days horizon. DOW inherits 1.3328% risk (volatility on return distribution) over the 30 days horizon.
Analyst recommendations and target price estimates broken down by several categories
|All Next||Launch Analyst Recommendations|
DOW has a standard deviation of returns of 1.33 and is 9.223372036854776E16 times more volatile than MNGLN-42. 0% of all equities and portfolios are less risky than MNGLN 42. Compared to the overall equity markets, volatility of historical daily returns of MNGLN-42 is lower than 0 (%) of all global equities and portfolios over the last 30 days.
Please see also Stocks Correlation. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.