IQ Clean Etf Profile

OCEN -  USA Etf  

USD 19.32  0.62  3.32%

Market Performance
0 of 100
Odds Of Distress
Less than 42
IQ Clean is selling for 19.32 as of the 25th of June 2022. This is a 3.32 percent up since the beginning of the trading day. The etf's open price was 18.7. IQ Clean has about a 42 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for IQ Clean Oceans are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of May 2022 and ending today, the 25th of June 2022. Click here to learn more.
The manager employs a passive management or indexing investment approach designed to track the performance of the underlying index. IQ Clean is traded on NYSEArca Exchange in the United States. More on IQ Clean Oceans

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IQ Clean Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. IQ Clean's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IQ Clean or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
IQ Clean Oceans generated a negative expected return over the last 90 days
The fund maintains 99.88% of its assets in stocks
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of IQ Clean's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
IssuerIndexIQ
DescriptionIQ Clean Oceans ETF
Inception Date2021-10-21
BenchmarkIQ Clean Oceans Index
Entity TypeRegulated Investment Company
Asset Under Management4.67 Million
Asset TypeEquity
CategoryStrategy
FocusTheme
Market ConcentrationBlended Development
RegionGlobal
AdministratorThe Bank of New York Mellon Corporation
AdvisorIndexIQ Advisors LLC
CustodianThe Bank of New York Mellon Corporation
DistributorALPS Distributors, Inc.
Portfolio ManagerGreg Barrato, James Harrison
Transfer AgentThe Bank of New York Mellon Corporation
Fiscal Year End30-Apr
ExchangeNYSE Arca, Inc.
Number of Constituents102
Market MakerVirtu Financial
Total Expense0.46
Management Fee0.45
Nav Price20.09
Two Hundred Day Average23.13
Ytd-23.15%
Average Daily Volume In Three Month232
Fifty Two Week Low18.44
As Of Date11th of May 2022
Average Daily Volume Last 10 Day300
Fifty Two Week High26.1
One Month-7.98%
Fifty Day Average20.49
Three Month-14.05%
IQ Clean Oceans [OCEN] is traded in USA and was established 2021-10-21. The fund is listed under Miscellaneous Sector category and is part of IndexIQ family. IQ Clean Oceans now have 5.26 M in assets.
Check IQ Clean Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on IQ Clean Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding IQ Clean Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as IQ Clean Oceans Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

IQ Clean Oceans Currency Exposure (%)

IQ Clean Target Price Odds Analysis

What are IQ Clean's target price odds to finish over the current price? Proceeding from a normal probability distribution, the odds of IQ Clean jumping above the current price in 90 days from now is under 95%. The IQ Clean Oceans probability density function shows the probability of IQ Clean etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days IQ Clean has a beta of 0.0865. This indicates as returns on the market go up, IQ Clean average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding IQ Clean Oceans will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. IQ Clean Oceans is significantly underperforming DOW.
  Odds Below 19.32HorizonTargetOdds Above 19.32
5.93%90 days
 19.32 
94.02%
Based on a normal probability distribution, the odds of IQ Clean to move above the current price in 90 days from now is under 95 (This IQ Clean Oceans probability density function shows the probability of IQ Clean Etf to fall within a particular range of prices over 90 days) .

IQ Clean Major Institutional Holders

Institutional Holdings refers to the ownership stake in IQ Clean that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of IQ Clean's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing IQ Clean's value.
InstituionSecurity TypeTotal SharesValue
Mackay Shields LlcFund Units190 K4.3 M
View IQ Clean Diagnostics

IQ Clean Oceans Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. IQ Clean market risk premium is the additional return an investor will receive from holding IQ Clean long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IQ Clean. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although IQ Clean's alpha and beta are two of the key measurements used to evaluate IQ Clean's performance over the market, the standard measures of volatility play an important role as well.

IQ Clean Oceans Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of one hundred twenty-seven. IQ Clean Oceans Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe IQ Clean price patterns.
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IQ Clean Against Markets

Picking the right benchmark for IQ Clean etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in IQ Clean etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for IQ Clean is critical whether you are bullish or bearish towards IQ Clean Oceans at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in IQ Clean without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators
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Investing IQ Clean Oceans

You need to understand the risk of investing before taking a position in IQ Clean. The danger of trading IQ Clean Oceans is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IQ Clean is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IQ Clean. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile IQ Clean Oceans is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please check Your Equity Center. Note that the IQ Clean Oceans information on this page should be used as a complementary analysis to other IQ Clean'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 Screener module to find equities using custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running IQ Clean Oceans price analysis, check to measure IQ Clean'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 IQ Clean is operating at the current time. Most of IQ Clean's value examination focuses on studying past and present price action to predict the probability of IQ Clean's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move IQ Clean's price. Additionally, you may evaluate how the addition of IQ Clean to your portfolios can decrease your overall portfolio volatility.
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The market value of IQ Clean Oceans is measured differently than its book value, which is the value of IQ Clean that is recorded on the company's balance sheet. Investors also form their own opinion of IQ Clean's value that differs from its market value or its book value, called intrinsic value, which is IQ Clean's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IQ Clean's market value can be influenced by many factors that don't directly affect IQ Clean's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IQ Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine IQ Clean value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IQ Clean'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.