Mirae Mutual Fund Manager Performance Evaluation

MALGX -  USA Fund  

USD 14.81  0.57  3.71%

The fund secures a Beta (Market Risk) of 0.732, which conveys possible diversification benefits within a given portfolio. Let's try to break down what Mirae's beta means in this case. As returns on the market increase, Mirae Asset returns are expected to increase less than the market. However, during the bear market, the loss on holding Mirae Asset will be expected to be smaller as well. Even though it is essential to pay attention to Mirae Asset Discovery price patterns, it is always good to be careful when utilizing equity historical price patterns. Our philosophy towards estimating any fund's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Mirae Asset exposes twenty-one different technical indicators, which can help you to evaluate its performance.

Mirae Mutual Fund Performance 

 
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Mirae Performance
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Over the last 90 days Mirae Asset Discovery has generated negative risk-adjusted returns adding no value to fund investors. In spite of latest weak performance, the Fund's technical and fundamental indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the fund investors.
Fifty Two Week Low13.84
Fifty Two Week High16.43
Annual Report Expense Ratio1.40%

Mirae Asset Relative Risk vs. Return Landscape

If you would invest  1,598  in Mirae Asset Discovery on August 31, 2021 and sell it today you would lose (117.00)  from holding Mirae Asset Discovery or give up 7.32% of portfolio value over 90 days. Mirae Asset Discovery is currently producing negative expected returns and takes up 0.8081% volatility of returns over 90 trading days. Put another way, 6% of traded mutual funds are less volatile than Mirae, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Mirae Asset is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 1.02 times less risky than the market. the firm trades about -0.15 of its potential returns per unit of risk. The DOW is currently generating roughly 0.03 of returns per unit of risk over similar time horizon.

Mirae Asset Current Valuation

Fairly Valued
Today
14.81
29th of November 2021
Share
Please note that Mirae Asset's price fluctuation is very steady at this time.
Mirae Asset Discovery secures a last-minute Real Value of $14.98 per share. The latest price of the fund is $14.81. At this time, the fund appears to be fairly valued. We determine the value of Mirae Asset Discovery from analyzing fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we recommend acquiring undervalued stocks and dropping overvalued stocks since, at some point, stock prices and their ongoing real values will merge together.
Our valuation method for Mirae Asset Discovery is useful when determining the fair value of the Mirae mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Mirae Asset. Since Mirae Asset is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Mirae Mutual Fund. However, Mirae Asset's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
14.98
Real Value
15.79
Upside
Estimating the potential upside or downside of Mirae Asset Discovery helps investors to forecast how Mirae mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Mirae Asset more accurately as focusing exclusively on Mirae Asset's fundamentals will not take into account other important factors:
Hype
Prediction
LowEstimated ValueHigh
14.0014.8115.62
Details

Mirae Asset Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mirae Asset's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Mirae Asset Discovery, and traders can use it to determine the average amount a Mirae Asset's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1453

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Estimated Market Risk
 0.81
  actual daily
 
 6 %
of total potential
 
66
Expected Return
 -0.12
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 0 %
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Risk-Adjusted Return
 -0.15
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Based on monthly moving average Mirae Asset is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mirae Asset by adding it to a well-diversified portfolio.

About Mirae Asset Performance

To evaluate Mirae Asset Discovery Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Mirae Asset generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Mirae Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Mirae Asset Discovery stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Mirae's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
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.

Things to note about Mirae Asset Discovery

Checking the ongoing alerts about Mirae Asset for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Mirae Asset Discovery help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Mirae Asset Alerts

Equity Alerts and Improvement Suggestions

Mirae Asset generated a negative expected return over the last 90 days
The fund generated three year return of -1.0%
Mirae Asset Discovery maintains all of its assets in stocks
Additionally, see Stocks Correlation. 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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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.