Ishares Agency Bond Etf Market Value
| AGZ Etf | USD 108.28 0.12 0.11% |
| Symbol | IShares |
The market value of iShares Agency Bond 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 Agency's value that differs from its market value or its book value, called intrinsic value, which is IShares Agency'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 Agency's market value can be influenced by many factors that don't directly affect IShares Agency'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 Agency's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Agency is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Agency'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.
IShares Agency 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to IShares Agency's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of IShares Agency.
| 11/28/2023 |
| 11/22/2024 |
If you would invest 0.00 in IShares Agency on November 28, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Agency Bond or generate 0.0% return on investment in IShares Agency over 360 days. IShares Agency is related to or competes with IShares Intermediate, IShares GovernmentCredit, IShares New, IShares California, and IShares 1. The index measures the performance of the agency sector of the U.S More
IShares Agency Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure IShares Agency's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess iShares Agency Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.69) | |||
| Maximum Drawdown | 0.74 | |||
| Value At Risk | (0.28) | |||
| Potential Upside | 0.2661 |
IShares Agency Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Agency's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Agency's standard deviation. In reality, there are many statistical measures that can use IShares Agency historical prices to predict the future IShares Agency's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 0.7002 |
iShares Agency Bond Backtested Returns
iShares Agency Bond holds Efficiency (Sharpe) Ratio of -0.0458, which attests that the entity had a -0.0458% return per unit of risk over the last 3 months. iShares Agency Bond exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Agency's Market Risk Adjusted Performance of 0.7102, standard deviation of 0.1734, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0298, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares Agency are expected to decrease at a much lower rate. During the bear market, IShares Agency is likely to outperform the market.
Auto-correlation | 0.45 |
Average predictability
iShares Agency Bond has average predictability. Overlapping area represents the amount of predictability between IShares Agency time series from 28th of November 2023 to 26th of May 2024 and 26th of May 2024 to 22nd of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of iShares Agency Bond price movement. The serial correlation of 0.45 indicates that just about 45.0% of current IShares Agency price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 1.8 |
iShares Agency Bond lagged returns against current returns
Autocorrelation, which is IShares Agency etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting IShares Agency's etf expected returns. We can calculate the autocorrelation of IShares Agency returns to help us make a trade decision. For example, suppose you find that IShares Agency has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
IShares Agency regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If IShares Agency etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Agency etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Agency etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Agency Lagged Returns
When evaluating IShares Agency's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Agency etf have on its future price. IShares Agency autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, IShares Agency autocorrelation shows the relationship between IShares Agency etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Agency Bond.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether iShares Agency Bond offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Agency's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ishares Agency Bond Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Agency Bond Etf:Check out IShares Agency Correlation, IShares Agency Volatility and IShares Agency Alpha and Beta module to complement your research on IShares Agency. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
IShares Agency 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.