Ishares Transportation Average Etf Price on February 28, 2023
| IYT Etf | USD 73.58 0.97 1.34% |
Below is the normalized historical share price chart for iShares Transportation Average extending back to October 10, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of IShares Transportation stands at 73.58, as last reported on the 24th of November, with the highest price reaching 73.66 and the lowest price hitting 72.76 during the day.
If you're considering investing in IShares Etf, it is important to understand the factors that can impact its price. Currently, iShares Transportation Average is very steady. iShares Transportation holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Transportation, which you can use to evaluate the volatility of the entity. Please check out IShares Transportation's Downside Deviation of 1.09, market risk adjusted performance of 0.1522, and Risk Adjusted Performance of 0.117 to validate if the risk estimate we provide is consistent with the expected return of 0.17%.
IShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 23.38 | 200 Day MA 67.3852 | 1 y Volatility 18.76 | 50 Day MA 70.1532 | Inception Date 2003-10-06 |
IShares |
Sharpe Ratio = 0.1383
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Estimated Market Risk
| 1.21 actual daily | 10 90% of assets are more volatile |
Expected Return
| 0.17 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average IShares Transportation is performing at about 10% 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 Transportation by adding it to a well-diversified portfolio.
Average Mkt Cap Mil 42.1 K |
IShares Transportation Valuation on February 28, 2023
It is possible to determine the worth of IShares Transportation on a given historical date. On February 28, 2023 IShares was worth 56.95 at the beginning of the trading date compared to the closed value of 56.48. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IShares Transportation etf. Still, in general, we apply an absolute valuation method to find IShares Transportation'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 Transportation where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IShares Transportation's related companies.
| Open | High | Low | Close | Volume | |
| 57.27 | 57.47 | 56.86 | 56.95 | 1,167,600 | |
02/28/2023 | 56.95 | 57.27 | 56.48 | 56.48 | 829,600 |
| 56.56 | 57.19 | 56.47 | 56.84 | 444,000 |
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IShares Transportation Trading Date Momentum on February 28, 2023
| On March 01 2023 iShares Transportation Average was traded for 56.84 at the closing time. Highest IShares Transportation's price during the trading hours was 57.19 and the lowest price during the day was 56.47 . The net volume was 444 K. The overall trading history on the 1st of March contributed to the next trading period price appreciation. The trading delta at closing time to the next next day price was 0.64% . The trading date delta to current price is 0.78% . |
iShares Transportation Fundamentals Correlations and Trends
By evaluating IShares Transportation's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among IShares Transportation's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IShares Transportation Etf history
IShares Transportation 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 Transportation 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 Transportation stock prices may prove useful in developing a viable investing in IShares Transportation
The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. Transportation Average is traded on BATS Exchange in the United States.
IShares Transportation Etf Technical Analysis
IShares Transportation 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 Transportation Period Price Range
Low | November 24, 2024
| High |
0.00 | 0.00 |
iShares Transportation Average cannot be verified against its exchange. Please verify the symbol is currently traded on BATS 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 Transportation November 24, 2024 Market Strength
Market strength indicators help investors to evaluate how IShares Transportation 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 Transportation shares will generate the highest return on investment. By undertsting and applying IShares Transportation etf market strength indicators, traders can identify iShares Transportation Average entry and exit signals to maximize returns
IShares Transportation Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IShares Transportation'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 | 0.117 | |||
| Jensen Alpha | 0.0256 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.045 | |||
| Treynor Ratio | 0.1422 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Transportation Average. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
The market value of iShares Transportation 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 Transportation's value that differs from its market value or its book value, called intrinsic value, which is IShares Transportation'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 Transportation's market value can be influenced by many factors that don't directly affect IShares Transportation'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 Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Transportation'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.