IShares Aggregate's market value is the price at which a share of IShares Aggregate trades on a public exchange. It measures the collective expectations of iShares Aggregate Bond investors about its performance. IShares Aggregate is trading at 5.32 as of the 25th of November 2024, a 1.48% down since the beginning of the trading day. The etf's lowest day price was 5.32. With this module, you can estimate the performance of a buy and hold strategy of iShares Aggregate Bond and determine expected loss or profit from investing in IShares Aggregate 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 Aggregate '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 Aggregate'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 Aggregate.
0.00
12/06/2022
No Change 0.00
0.0
In 1 year 11 months and 21 days
11/25/2024
0.00
If you would invest 0.00 in IShares Aggregate on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding iShares Aggregate Bond or generate 0.0% return on investment in IShares Aggregate over 720 days.
IShares Aggregate 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 Aggregate'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 Aggregate Bond 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 Aggregate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Aggregate's standard deviation. In reality, there are many statistical measures that can use IShares Aggregate historical prices to predict the future IShares Aggregate's volatility.
At this point, IShares Aggregate is very steady. iShares Aggregate Bond holds Efficiency (Sharpe) Ratio of 0.0015, which attests that the entity had a 0.0015% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Aggregate Bond, which you can use to evaluate the volatility of the entity. Please check out IShares Aggregate's Risk Adjusted Performance of 0.0723, market risk adjusted performance of (0.40), and Downside Deviation of 0.2904 to validate if the risk estimate we provide is consistent with the expected return of 5.0E-4%. The etf retains a Market Volatility (i.e., Beta) of -0.0542, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares Aggregate are expected to decrease at a much lower rate. During the bear market, IShares Aggregate is likely to outperform the market.
Auto-correlation
-0.01
Very weak reverse predictability
iShares Aggregate Bond has very weak reverse predictability. Overlapping area represents the amount of predictability between IShares Aggregate time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Aggregate Bond price movement. The serial correlation of -0.01 indicates that just 1.0% of current IShares Aggregate price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.01
Spearman Rank Test
-0.17
Residual Average
0.0
Price Variance
0.0
iShares Aggregate Bond lagged returns against current returns
Autocorrelation, which is IShares Aggregate 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 Aggregate's etf expected returns. We can calculate the autocorrelation of IShares Aggregate returns to help us make a trade decision. For example, suppose you find that IShares Aggregate 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 Aggregate 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 Aggregate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Aggregate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Aggregate etf over time.
Current vs Lagged Prices
Timeline
IShares Aggregate Lagged Returns
When evaluating IShares Aggregate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Aggregate etf have on its future price. IShares Aggregate 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 Aggregate autocorrelation shows the relationship between IShares Aggregate etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Aggregate Bond.
Regressed Prices
Timeline
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