iShares Transportation Average ETF Share Price Cross Above 50-Day Moving Average of 251.27
| IYT Etf | USD 73.58 0.97 1.34% |
Slightly above 52% of IShares Transportation's private investors are presently thinking to get in. The current sentiment regarding investing in iShares Transportation Average etf implies that some traders are interested. IShares Transportation's investing sentiment can be driven by a variety of factors including economic data, IShares Transportation's earnings reports, geopolitical events, and overall market trends.
IShares |
iShares Transportation Average ETF passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of 251.27 and traded as high as 260.34. iShares Transportation Average ETF shares last traded at 257.46, with a volume of 119,910 shares changing hands. iShares Transportation Average
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IShares Transportation Fundamental Analysis
We analyze IShares Transportation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IShares Transportation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IShares Transportation based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Total Asset
Total Asset Comparative Analysis
IShares Transportation is currently under evaluation in total asset as compared to similar ETFs. Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
iShares Transportation Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IShares Transportation etf to make a market-neutral strategy. Peer analysis of IShares Transportation could also be used in its relative valuation, which is a method of valuing IShares Transportation by comparing valuation metrics with similar companies.
Peers
IShares Transportation Related Equities
| IYZ | IShares Telecommunicatio | 1.66 | ||||
| IYC | IShares Consumer | 1.38 | ||||
| IYJ | IShares Industrials | 1.13 | ||||
| IYR | IShares Real | 0.74 | ||||
| IYM | IShares Basic | 0.53 |
Check out IShares Transportation Hype Analysis, IShares Transportation Correlation and IShares Transportation Performance. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
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.