MGK vs QQQ comparison¶

MGK vs QQQ performance comment¶

Market Performance Metrics Overview¶

Metric	Data1	Data2
High	272.88	429.85
Low	250.79	395.34
Close	270.53	425.83
Start Price	254.96	402.59
Gain %	6.11%	5.77%
Annualized Gain %	92.87%	87.79%
Annualized Volatility %	13.35%	13.96%
Max Drawdown %	-1.36%	-1.57%
Sharpe Ratio	7.54	6.83

The Low and Close metrics show the lowest and final prices of the markets within the given time frame. The Gain % and Annualized Gain % indicate the percentage increase in value over the 60-day period and when annualized, respectively. Meanwhile, the Annualized Volatility % represents the risk as measured by the degree of variation of trading prices over the period. The Max Drawdown % measures the largest decrease in value from a previous high.

Market Comparison Commentary¶

The comparison of market tickers MGK and QQQ over the 60-day period from December 16, 2023, to January 25, 2024, reveals interesting insights. Both markets saw positive gains, with MGK experiencing a slightly higher Gain % of 6.11% compared to QQQ's 5.77%. This positive trend is further emphasized by the Annualized Gain %, which demonstrates strong annual growth potential for both markets, as they both exceed 80%.

When it comes to risk, both markets exhibit relatively low Annualized Volatility % around 13-14%, signifying a moderate level of risk. Furthermore, the Max Drawdown % for both markets is negative, indicating that the markets experienced minimal losses relative to their peaks during the period.

While the Sharpe Ratio for both markets is high, reflecting the strong risk-adjusted performance, MGK slightly outperforms QQQ in this aspect, with a Sharpe Ratio of 7.54 compared to 6.83. This suggests that MGK provided better risk-adjusted returns compared to QQQ during the period.

Overall, both markets have demonstrated positive performance with low volatility and minimal drawdowns, indicating stability and growth potential for investors. However, MGK's slightly higher gain percentage and Sharpe Ratio may make it a more appealing option for risk-conscious investors seeking strong risk-adjusted returns.

MGK YTD Return (Daily)¶

Comment on YTD Total Returns Results of MGK¶

Historical Performance and Volatility ¶

The historical annualized volatility of the MGK performance, excluding the current year, stands at 21.18%. This indicates the degree of variation of MGK returns over the past years. The historical annualized gain, excluding the current year, is at 13.64%, showcasing the average return of MGK over the years.

Risk Metrics¶

The max drawdown in data excluding the current year stands at -48.36%. This highlights the largest drop from a peak to a trough in MGK performance, indicating the potential risk level. The last year max drawdown is at -10.06%, indicating the risk level in the previous year's performance.

Return and Sharpe Ratio ¶

The YTD gain stands at 6.11%, representing the total return from the beginning of the year to the current date. The YTD annualized gain is at 92.87%, demonstrating the compounded annual growth rate of MGK's value over the current year. The YTD Sharpe Ratio is at 7.54, indicating the risk-adjusted return for the current year.

Moving Averages and Current Market Condition¶

The current last close price is at 270.53. The current MA 200 is at 233.72, MA 50 is at 255.11, and MA 5 is at 267.94. The current performance remains positive as the last close is above the MA for 50 and 200 days, indicating a bullish market trend. However, the last close is below the MA for 5 days, possibly hinting at a short-term decline in performance. This suggests the potential for a mixed market trend in the near future as the performance is above the long-term average, but below the short-term average. Overall, the MGK performance has exhibited positive growth and a favorable risk-adjusted return for the current year despite some short-term fluctuations. The historical volatility suggests a stable performance, with occasional periods of significant drawdowns. The current market condition may indicate a potential short-term decline, but the long-term trend remains positive.

MGK Annual Dividends¶

Year	Annual Dividend	Dividend Yield
2023	$1.3	0.51%
2022	$1.2	0.68%
2021	$1.08	0.41%
2020	$1.32	0.66%
2019	$1.24	0.85%

MGK Montly Dividends¶

Year	Mar	Jun	Sep	Dec
2023	$0.28	$0.27	$0.32	$0.43
2022	$0.24	$0.28	$0.35	$0.34
2021	$0.27	$0.26	$0.27	$0.28
2020	$0.3	$0.3	$0.27	$0.45
2019	$0.09	$0.42	$0.37	$0.36
2018	$0.26	$0.43	$0.4	$0.11
2017	$0.24	$0.35	$0.35	$0.42
2016	$0.28	$0.3	$0.34	$0.4
2015	$0.24	$0.3	$0.3	$0.35
2014	$0.2	$0.26	$0.24	$0.32
2013	$0.17	$0.22	$0.24	$0.31
2012	$0.14	$0.18	$0.21	$0.39
2011	$0.12	$0.17	$0.15	$0.22
2010	$0.11	$0.12	$0.17	$0.18
2009	$0.14	$0.12	$0.13	$0.2
2008	$0.06	$0.1	$0.14	$0.13

Published: 2024-01-25

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