Ishares Fundamental Hedged Etf Market Value
| CLU Etf | 56.94 0.42 0.74% |
| Symbol | IShares |
Please note, there is a significant difference between IShares Fundamental's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Fundamental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Fundamental'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 Fundamental '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 Fundamental'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 Fundamental.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in IShares Fundamental on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Fundamental Hedged or generate 0.0% return on investment in IShares Fundamental over 30 days. IShares Fundamental is related to or competes with IShares Convertible, IShares SP, IShares Edge, IShares Flexible, IShares Core, IShares SPTSX, and IShares Short. IShares Fundamental is entity of Canada. It is traded as Etf on NEO exchange. More
IShares Fundamental 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 Fundamental'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 Fundamental Hedged upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.699 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (0.97) | |||
| Potential Upside | 1.07 |
IShares Fundamental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Fundamental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Fundamental's standard deviation. In reality, there are many statistical measures that can use IShares Fundamental historical prices to predict the future IShares Fundamental's volatility.| Risk Adjusted Performance | 0.1207 | |||
| Jensen Alpha | 0.0537 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2552 |
iShares Fundamental Backtested Returns
As of now, IShares Etf is very steady. iShares Fundamental holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Fundamental, which you can use to evaluate the volatility of the entity. Please check out IShares Fundamental's Downside Deviation of 0.699, risk adjusted performance of 0.1207, and Market Risk Adjusted Performance of 0.2652 to validate if the risk estimate we provide is consistent with the expected return of 0.0989%. The etf retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Fundamental's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Fundamental is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
iShares Fundamental Hedged has good predictability. Overlapping area represents the amount of predictability between IShares Fundamental time series from 24th of October 2024 to 8th of November 2024 and 8th of November 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 Fundamental price movement. The serial correlation of 0.77 indicates that around 77.0% of current IShares Fundamental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
iShares Fundamental lagged returns against current returns
Autocorrelation, which is IShares Fundamental 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 Fundamental's etf expected returns. We can calculate the autocorrelation of IShares Fundamental returns to help us make a trade decision. For example, suppose you find that IShares Fundamental 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 Fundamental 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 Fundamental etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Fundamental etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Fundamental etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Fundamental Lagged Returns
When evaluating IShares Fundamental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Fundamental etf have on its future price. IShares Fundamental 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 Fundamental autocorrelation shows the relationship between IShares Fundamental etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Fundamental Hedged.
Regressed Prices |
| Timeline |
Pair Trading with IShares Fundamental
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 Fundamental 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 Fundamental will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
Moving against IShares Etf
| 0.65 | TCLB | TD Canadian Long | PairCorr |
| 0.31 | ZAG | BMO Aggregate Bond | PairCorr |
| 0.31 | XBB | iShares Canadian Universe | PairCorr |
The ability to find closely correlated positions to IShares Fundamental 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 Fundamental 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 Fundamental - 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 Fundamental Hedged to buy it.
The correlation of IShares Fundamental 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 Fundamental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Fundamental 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 Fundamental 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 Fundamental 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 Fundamental security.