Ishares 1 5 Year Etf Market Value
| CBO Etf | CAD 18.11 0.04 0.22% |
| Symbol | IShares |
IShares 1 '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 1'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 1.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in IShares 1 on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding iShares 1 5 Year or generate 0.0% return on investment in IShares 1 over 180 days. IShares 1 is related to or competes with Mackenzie Canadian, Mackenzie Canadian, Mackenzie Core, Mackenzie Investment, and Mackenzie Core. The investment seeks to replicate, net of expenses, the FTSE TMX Canada 1-5 Year Laddered Corporate Bond Index More
IShares 1 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 1'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 1 5 Year upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1722 | |||
| Information Ratio | (0.77) | |||
| Maximum Drawdown | 0.7711 | |||
| Value At Risk | (0.22) | |||
| Potential Upside | 0.2214 |
IShares 1 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares 1's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares 1's standard deviation. In reality, there are many statistical measures that can use IShares 1 historical prices to predict the future IShares 1's volatility.| Risk Adjusted Performance | 0.0237 | |||
| Jensen Alpha | 0.0024 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.69) | |||
| Treynor Ratio | 1.05 |
iShares 1 5 Backtested Returns
As of now, IShares Etf is very steady. iShares 1 5 holds Efficiency (Sharpe) Ratio of 0.0805, which attests that the entity had a 0.0805% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares 1 5, which you can use to evaluate the volatility of the entity. Please check out IShares 1's Risk Adjusted Performance of 0.0237, downside deviation of 0.1722, and Market Risk Adjusted Performance of 1.06 to validate if the risk estimate we provide is consistent with the expected return of 0.0122%. The etf retains a Market Volatility (i.e., Beta) of 0.0026, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares 1's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares 1 is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
iShares 1 5 Year has average predictability. Overlapping area represents the amount of predictability between IShares 1 time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 1 5 price movement. The serial correlation of 0.48 indicates that about 48.0% of current IShares 1 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
iShares 1 5 lagged returns against current returns
Autocorrelation, which is IShares 1 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 1's etf expected returns. We can calculate the autocorrelation of IShares 1 returns to help us make a trade decision. For example, suppose you find that IShares 1 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 1 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 1 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares 1 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares 1 etf over time.
Current vs Lagged Prices |
| Timeline |
IShares 1 Lagged Returns
When evaluating IShares 1's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares 1 etf have on its future price. IShares 1 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 1 autocorrelation shows the relationship between IShares 1 etf current value and its past values and can show if there is a momentum factor associated with investing in iShares 1 5 Year.
Regressed Prices |
| Timeline |
Pair Trading with IShares 1
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IShares 1 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares 1 will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.97 | XSB | iShares Canadian Short | PairCorr |
| 0.98 | XSH | iShares Core Canadian | PairCorr |
| 0.98 | ZCS | BMO Short Corporate | PairCorr |
| 0.92 | VSB | Vanguard Canadian Short | PairCorr |
| 0.68 | ZST | BMO Ultra Short | PairCorr |
Moving against IShares Etf
| 0.63 | HXD | BetaPro SPTSX 60 | PairCorr |
| 0.54 | HIU | BetaPro SP 500 | PairCorr |
| 0.5 | HQD | BetaPro NASDAQ 100 | PairCorr |
| 0.46 | HOU | BetaPro Crude Oil | PairCorr |
The ability to find closely correlated positions to IShares 1 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares 1 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares 1 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares 1 5 Year to buy it.
The correlation of IShares 1 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares 1 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares 1 5 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IShares 1 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out IShares 1 Correlation, IShares 1 Volatility and IShares 1 Alpha and Beta module to complement your research on IShares 1. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
IShares 1 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.