QMN:NYE-IQ Hedge Market Neutral Tracker ETF (USD)

ETF | Market Neutral | NYE

Last Closing Price

USD 26.85

Change

+0.01 (+0.02)%

Market Cap

USD 0.02B

Volume

1.49K

Average Target Price

N/A
Average Analyst Rating

N/A

Fundamental Analysis

Verdict

About

The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Hedge Market Neutral Index. The fund is a fund of funds which means it invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components (underlying index components) selected in accordance with IndexIQ's rules-based methodology of such underlying index.

Technical Indicators

Unadjusted Closing Price

Adjusted Closing Price

Assets

N/A

Top Sectors

N/A

Top Regions

N/A

Valuation Growth & Performance

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2020-08-06 )

Largest Industry Peers for Market Neutral

Symbol Name Mer Price(Change) Market Cap
MNA IQ Merger Arbitrage ETF 0.77 %

-0.12 (-0.37%)

USD0.70B
BTAL AGFiQ U.S. Market Neutral Anti.. 2.11 %

-0.04 (-0.16%)

USD0.19B
GDG Gadsden Dynamic Growth ETF 0.88 %

N/A

USD0.02B
QED IQ Hedge Event-Driven Tracker .. 0.78 %

+0.01 (+0.05%)

USD8.73M
AGGE IQ Enhanced Core Bond U.S. ETF 0.28 %

N/A

USD6.88M
MOM AGFiQ U.S. Market Neutral Mome.. 2.32 %

+0.01 (+0.03%)

USD5.81M
RALS ProShares RAFI Long/Short 0.95 %

-0.11 (-0.36%)

USD5.27M
SIZ AGFiQ U.S. Market Neutral Size.. 2.82 %

N/A

USD0.88M
CHEP AGFiQ U.S. Market Neutral Valu.. 1.61 %

+0.02 (+0.12%)

USD0.73M

ETFs Containing QMN

Symbol Name Weight Mer Price(Change) Market Cap

N/A

Market Performance

  Market Performance vs.
Industry/Classification (Market Neutral)
Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain 0.54% 57% F 70% C-
Dividend Return N/A N/A N/A N/A N/A
Total Return 0.54% 57% F 66% D
Trailing 12 Months  
Capital Gain 2.03% 57% F 64% D
Dividend Return 1.66% 60% D- 37% F
Total Return 3.69% 57% F 61% D-
Trailing 5 Years  
Capital Gain 5.99% 43% F 56% F
Dividend Return 3.09% 67% D+ 11% F
Total Return 9.09% 43% F 40% F
Average Annual (5 Year Horizon)  
Capital Gain 1.04% 14% F 43% F
Dividend Return 0.59% 5% F 9% F
Total Return 1.63% 14% F 27% F
Risk Return Profile  
Volatility (Standard Deviation) 1.90% 100% A+ 99% A+
Risk Adjusted Return 85.92% 100% A+ 76% C
Market Capitalization 0.02B 71% C- 9% F
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

Fundamental Analysis Breakdown

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior risk adjusted returns

This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

What to not like:
Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.