IShares Core Financial Statements From 2010 to 2024
| XDIV Etf | CAD 30.92 0.13 0.42% |
Check IShares Core financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among IShares Core's main balance sheet or income statement drivers, such as , as well as many indicators such as . IShares financial statements analysis is a perfect complement when working with IShares Core Valuation or Volatility modules.
IShares |
iShares Core MSCI ETF Beta Analysis
IShares Core's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current IShares Core Beta | 0.79 |
Most of IShares Core's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, iShares Core MSCI is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, iShares Core MSCI has a Beta of 0.79. This is much higher than that of the iShares family and significantly higher than that of the Canadian Dividend and Income Equity category. The beta for all Canada etfs is notably lower than that of the firm.
About IShares Core Financial Statements
IShares Core investors utilize fundamental indicators, such as revenue or net income, to predict how IShares Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The investment seeks to replicate, net of expenses, the performance of the MSCI Canada High Dividend Yield 10 percent Security Capped Index. ISHARES CORE is traded on Toronto Stock Exchange in Canada.
Pair Trading with IShares Core
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IShares Core position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares Core will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.96 | ZWC | BMO Canadian High | PairCorr |
| 0.95 | CDZ | iShares SPTSX Canadian | PairCorr |
| 0.97 | PDC | Invesco Canadian Dividend | PairCorr |
| 0.95 | XEI | iShares SPTSX Composite | PairCorr |
| 0.99 | VDY | Vanguard FTSE Canadian | PairCorr |
Moving against IShares Etf
| 0.86 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.47 | ZRR | BMO Real Return | PairCorr |
| 0.39 | HOD | BetaPro Crude Oil | PairCorr |
| 0.38 | ZEA | BMO MSCI EAFE | PairCorr |
The ability to find closely correlated positions to IShares Core could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Core when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Core - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Core MSCI to buy it.
The correlation of IShares Core is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Core MSCI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IShares Core can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of IShares Core Correlation against competitors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.