Ishares Equal Weight Etf Market Value
| CEW Etf | CAD 21.08 0.04 0.19% |
| Symbol | IShares |
IShares Equal '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 Equal'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 Equal.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in IShares Equal on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Equal Weight or generate 0.0% return on investment in IShares Equal over 30 days. IShares Equal is related to or competes with IShares Global, IShares Global, IShares Global, IShares 1, and IShares Jantzi. The investment seeks to provide investors with a diversified equal weighted investment in a portfolio consisting of comm... More
IShares Equal 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 Equal'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 Equal Weight upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3403 | |||
| Information Ratio | 0.2011 | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.9283 |
IShares Equal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Equal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Equal's standard deviation. In reality, there are many statistical measures that can use IShares Equal historical prices to predict the future IShares Equal's volatility.| Risk Adjusted Performance | 0.3246 | |||
| Jensen Alpha | 0.1983 | |||
| Total Risk Alpha | 0.1453 | |||
| Sortino Ratio | 0.338 | |||
| Treynor Ratio | 0.7626 |
iShares Equal Weight Backtested Returns
IShares Equal appears to be very steady, given 3 months investment horizon. iShares Equal Weight holds Efficiency (Sharpe) Ratio of 0.42, which attests that the entity had a 0.42% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Equal Weight, which you can use to evaluate the volatility of the entity. Please utilize IShares Equal's Risk Adjusted Performance of 0.3246, market risk adjusted performance of 0.7726, and Coefficient Of Variation of 233.09 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Equal's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Equal is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
iShares Equal Weight has very good predictability. Overlapping area represents the amount of predictability between IShares Equal time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Equal Weight price movement. The serial correlation of 0.84 indicates that around 84.0% of current IShares Equal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
iShares Equal Weight lagged returns against current returns
Autocorrelation, which is IShares Equal 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 Equal's etf expected returns. We can calculate the autocorrelation of IShares Equal returns to help us make a trade decision. For example, suppose you find that IShares Equal 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 Equal 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 Equal etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Equal etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Equal etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Equal Lagged Returns
When evaluating IShares Equal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Equal etf have on its future price. IShares Equal 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 Equal autocorrelation shows the relationship between IShares Equal etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Equal Weight.
Regressed Prices |
| Timeline |
Pair Trading with IShares Equal
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 Equal 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 Equal will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.97 | ZEB | BMO SPTSX Equal | PairCorr |
| 1.0 | XFN | iShares SPTSX Capped | PairCorr |
| 0.88 | ZBK | BMO Equal Weight | PairCorr |
| 0.97 | HCA | Hamilton Canadian Bank | PairCorr |
| 0.86 | ZUB | BMO Equal Weight | PairCorr |
Moving against IShares Etf
| 0.62 | TCLB | TD Canadian Long | PairCorr |
| 0.48 | RIT | CI Canadian REIT | PairCorr |
| 0.35 | HND | BetaPro Natural Gas | PairCorr |
The ability to find closely correlated positions to IShares Equal 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 Equal 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 Equal - 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 Equal Weight to buy it.
The correlation of IShares Equal 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 Equal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Equal Weight 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 Equal 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.Other Information on Investing in IShares Etf
IShares Equal financial ratios help investors to determine whether IShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IShares with respect to the benefits of owning IShares Equal security.