ISHARES III's market value is the price at which a share of ISHARES III trades on a public exchange. It measures the collective expectations of ISHARES III PLC investors about its performance. ISHARES III is selling for under 1210.40 as of the 3rd of December 2024; that is 2.85% down since the beginning of the trading day. The etf's lowest day price was 1189.8. With this module, you can estimate the performance of a buy and hold strategy of ISHARES III PLC and determine expected loss or profit from investing in ISHARES III over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
ISHARES
ISHARES III '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 III'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 III.
0.00
12/09/2023
No Change 0.00
0.0
In 11 months and 27 days
12/03/2024
0.00
If you would invest 0.00 in ISHARES III on December 9, 2023 and sell it all today you would earn a total of 0.00 from holding ISHARES III PLC or generate 0.0% return on investment in ISHARES III over 360 days.
ISHARES III 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 III'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 III PLC upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISHARES III's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISHARES III's standard deviation. In reality, there are many statistical measures that can use ISHARES III historical prices to predict the future ISHARES III's volatility.
ISHARES III is out of control given 3 months investment horizon. ISHARES III PLC holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We are able to interpolate and collect twenty-nine different technical indicators, which can help you to evaluate if expected returns of 16.3% are justified by taking the suggested risk. Use ISHARES III PLC Risk Adjusted Performance of 0.1045, downside deviation of 3.71, and Market Risk Adjusted Performance of (4.69) to evaluate company specific risk that cannot be diversified away. The etf retains a Market Volatility (i.e., Beta) of -32.52, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ISHARES III are expected to decrease by larger amounts. On the other hand, during market turmoil, ISHARES III is expected to outperform it.
Auto-correlation
0.01
Virtually no predictability
ISHARES III PLC has virtually no predictability. Overlapping area represents the amount of predictability between ISHARES III time series from 9th of December 2023 to 6th of June 2024 and 6th of June 2024 to 3rd of December 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 III PLC price movement. The serial correlation of 0.01 indicates that just 1.0% of current ISHARES III price fluctuation can be explain by its past prices.
Correlation Coefficient
0.01
Spearman Rank Test
-0.09
Residual Average
0.0
Price Variance
0.77
ISHARES III PLC lagged returns against current returns
Autocorrelation, which is ISHARES III 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 III's etf expected returns. We can calculate the autocorrelation of ISHARES III returns to help us make a trade decision. For example, suppose you find that ISHARES III 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 III 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 III etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISHARES III etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISHARES III etf over time.
Current vs Lagged Prices
Timeline
ISHARES III Lagged Returns
When evaluating ISHARES III's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISHARES III etf have on its future price. ISHARES III 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 III autocorrelation shows the relationship between ISHARES III etf current value and its past values and can show if there is a momentum factor associated with investing in ISHARES III PLC.
Regressed Prices
Timeline
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