Mirae Fundamentals

MALGX -  USA Fund  

USD 13.16  0.14  1.08%

Mirae Asset Discovery fundamentals help investors to digest information that contributes to Mirae Asset's financial success or failures. It also enables traders to predict the movement of Mirae Mutual Fund. This fundamental analysis module provides a way for investors to measures Mirae Asset's intrinsic value by examining all of its available economic and financial indicators and drivers, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Mirae Asset mutual fund. Please note, this module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Mirae Fundamentals 

 
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Mirae One Year Return Analysis

Mirae Asset's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
One Year Return 
 = 
(Mean of Monthly Returns - 1) 
X  
100% 
More About One Year Return | All Equity Analysis

Current Mirae Asset One Year Return

    
  (7.29) %  
Most of Mirae Asset's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Mirae Asset Discovery is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Compare to competition

Mirae Asset One Year Return Component Assessment

Based on the recorded statements, Mirae Asset Discovery has an One Year Return of -7.29%. This is much lower than that of the Category family and significantly lower than that of the Family category. The one year return for all United States funds is notably higher than that of the company.

Mirae Asset Discovery Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Mirae Asset's current stock value. Our valuation model uses many indicators to compare Mirae Asset value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Mirae Asset competition to find correlations between indicators driving Mirae Asset's intrinsic value. More Info.
Mirae Asset Discovery is regarded third largest fund in price to earning among similar funds. It is number one fund in last dividend paid among similar funds creating about  0.01  of Last Dividend Paid per Price to Earning. The ratio of Price to Earning to Last Dividend Paid for Mirae Asset Discovery is roughly  80.78 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Mirae Asset by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Mirae Asset's Mutual Fund . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Mirae Asset's earnings, one of the primary drivers of an investment's value.

Mirae Last Dividend Paid Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mirae Asset's direct or indirect competition against its Last Dividend Paid to detect undervalued stocks with similar characteristics or determine the mutual funds which would be a good addition to a portfolio. Peer analysis of Mirae Asset could also be used in its relative valuation, which is a method of valuing Mirae Asset by comparing valuation metrics of similar companies.
Mirae Asset is currently under evaluation in last dividend paid among similar funds.

Fund Asset Allocation for Mirae Asset

The fund invests 100.0% of asset under management in tradable equity instruments, with the rest of investments concentrated in .
 Value 
      Instrument Type 

Mirae Fundamentals

About Mirae Asset Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Mirae Asset Discovery's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mirae Asset using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mirae Asset Discovery based on its fundamental data. In general, a quantitative approach, as applied to this mutual fund, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80 percent of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities of issuers in emerging markets or that are tied economically to emerging markets, provided that, in either case, the issuers of any such securities are deemed by the Investment Manager to be Sector Leaders. Mirae Asset is traded on NASDAQ Exchange in the United States.

Mirae Asset Investors Sentiment

The influence of Mirae Asset's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Mirae. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Mirae Asset in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Mirae Asset's short interest history, or implied volatility extrapolated from Mirae Asset options trading.

Current Sentiment - MALGX

Mirae Asset Discovery Investor Sentiment

Macroaxis portfolio users are evenly split in their trading attitude regarding investing in Mirae Asset Discovery. What is your trading attitude regarding investing in Mirae Asset Discovery? Are you bullish or bearish?
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Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Mirae Asset Discovery using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

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Additionally, see Mirae Asset Piotroski F Score and Mirae Asset Altman Z Score analysis. Note that the Mirae Asset Discovery information on this page should be used as a complementary analysis to other Mirae Asset'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 Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

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When running Mirae Asset Discovery price analysis, check to measure Mirae Asset'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 Mirae Asset is operating at the current time. Most of Mirae Asset's value examination focuses on studying past and present price action to predict the probability of Mirae Asset's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mirae Asset's price. Additionally, you may evaluate how the addition of Mirae Asset to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Mirae Asset's value and its price as these two are different measures arrived at by different means. Investors typically determine Mirae Asset value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mirae Asset'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.