Ishares Lithium Miners Etf Price on September 23, 2024
If you're considering investing in IShares Etf, it is important to understand the factors that can impact its price. IShares Lithium appears to be somewhat reliable, given 3 months investment horizon. iShares Lithium Miners holds Efficiency (Sharpe) Ratio of 0.0807, which attests that the entity had a 0.0807% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for iShares Lithium Miners, which you can use to evaluate the volatility of the entity. Please utilize IShares Lithium's Market Risk Adjusted Performance of 0.5983, risk adjusted performance of 0.0694, and Downside Deviation of 2.56 to validate if our risk estimates are consistent with your expectations.
IShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
IShares |
Sharpe Ratio = 0.0807
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| Small Returns | ILIT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.11 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average IShares Lithium is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IShares Lithium by adding it to a well-diversified portfolio.
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IShares Lithium Valuation on September 23, 2024
It is possible to determine the worth of IShares Lithium on a given historical date. On September 23, 2024 IShares was worth 9.37 at the beginning of the trading date compared to the closed value of 9.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IShares Lithium etf. Still, in general, we apply an absolute valuation method to find IShares Lithium's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of IShares Lithium where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IShares Lithium's related companies.
| Open | High | Low | Close | Volume | |
| 9.41 | 9.41 | 9.25 | 9.29 | 5,958 | |
09/23/2024 | 9.37 | 9.45 | 9.37 | 9.43 | 2,439 |
| 10.04 | 10.18 | 10.04 | 10.18 | 5,478 |
| Backtest IShares Lithium | | | IShares Lithium History | | | IShares Lithium Valuation | Previous | Next |
IShares Lithium Trading Date Momentum on September 23, 2024
| On September 24 2024 iShares Lithium Miners was traded for 10.18 at the closing time. The top price for the day was 10.18 and the lowest listed price was 10.04 . The trading volume for the day was 5.5 K. The trading history from September 24, 2024 was a factor to the next trading day price appreciation. The trading delta at closing time against the next closing price was 7.95% . The trading date delta against the current closing price is 22.59% . |
About IShares Lithium Etf history
IShares Lithium investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for IShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in iShares Lithium Miners will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing IShares Lithium stock prices may prove useful in developing a viable investing in IShares Lithium
IShares Lithium Etf Technical Analysis
IShares Lithium technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
IShares Lithium Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
iShares Lithium Miners cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
IShares Lithium November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how IShares Lithium etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IShares Lithium shares will generate the highest return on investment. By undertsting and applying IShares Lithium etf market strength indicators, traders can identify iShares Lithium Miners entry and exit signals to maximize returns
IShares Lithium Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IShares Lithium's price direction in advance. Along with the technical and fundamental analysis of IShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of IShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0694 | |||
| Jensen Alpha | 0.1914 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.047 | |||
| Treynor Ratio | 0.5883 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Lithium Miners. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of iShares Lithium Miners is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Lithium's value that differs from its market value or its book value, called intrinsic value, which is IShares Lithium'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 IShares Lithium's market value can be influenced by many factors that don't directly affect IShares Lithium'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 IShares Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Lithium'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.