ARCA:MCRO

Stock Analysis Report

IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF

Executive Summary

IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF is an exchange traded fund of funds launched by New York Life Investment Management LLC.


Snowflake Analysis

Share Price & News

How has IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MCRO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.3%

MCRO

1.7%

US Capital Markets

1.5%

US Market


1 Year Return

3.1%

MCRO

19.0%

US Capital Markets

20.1%

US Market

Return vs Industry: MCRO underperformed the US Capital Markets industry which returned 19% over the past year.

Return vs Market: MCRO underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

MCROIndustryMarket
7 Day0.3%1.7%1.5%
30 Day-1.1%0.5%1.4%
90 Day0.5%8.6%8.7%
1 Year4.5%3.1%21.4%19.0%22.7%20.1%
3 Year8.5%5.9%40.0%32.1%50.1%40.5%
5 Year8.0%4.2%83.6%66.5%73.1%54.1%

Price Volatility Vs. Market

How volatile is IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF is trading at an attractive price based on the cash flow it is expected to produce in the future. But as IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.4%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF performed over the past 5 years?

16.6%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate MCRO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MCRO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MCRO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MCRO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MCRO's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?


CEO

IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF has no CEO, or we have no data on them.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF
  • 800 Westchester Avenue
  • Suite N-611
  • Rye Brook
  • New York
  • 10573
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MCROARCA (NYSE Arca)YesHDG MACTRK ETFUSUSDJun 2009

Biography

IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF is an exchange traded fund of funds launched by New York Life Investment Management LLC. It is managed by IndexIQ Advisors LLC. It invests in funds which invest in the public equity, fixed income, commodity, and currency markets across the globe. The fund invests in funds which invests directly and through derivatives such as currency futures and takes long/short positions to create its portfolio. For its equity portion, it invests in funds which invest in stocks of companies operating across diversified sectors. The fund invests in funds which invest in volatile stocks of small-cap and large-cap companies. For its fixed income portion, it invests in funds which invest in U.S. investment grade corporate debt, U.S. government short-term , intermediate-term and long -term maturity obligations, U.S. floating rate bonds, U.S. high yield debt and foreign sovereign debt. The fund also invests in funds which invest in commodities, U.S. and foreign real estate investment trusts, and implied volatility of the S&P 500 Index. It seeks to track the beta (volatility) return of a group of hedge funds pursuing a macro strategy and an emerging markets strategy. The fund seeks to track the IQ Hedge Macro Index, by employing full replication technique. IndexIQ ETF Trust - IQ Hedge Macro Tracker ETF was formed on June 9, 2009 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/17 00:45
End of Day Share Price2020/02/14 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.