Ishares Dividend Growers Etf Market Value
| CUD Etf | CAD 56.43 0.33 0.59% |
| Symbol | IShares |
IShares Dividend '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 Dividend'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 Dividend.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in IShares Dividend on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Dividend Growers or generate 0.0% return on investment in IShares Dividend over 30 days. IShares Dividend is related to or competes with BMO Europe, BMO Covered, BMO Covered, BMO Europe, and BMO Covered. The investment seeks to replicate, net of expenses, the SP High Yield Dividend Aristocrats CAD Hedged index More
IShares Dividend 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 Dividend'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 Dividend Growers upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5818 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.45 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 1.01 |
IShares Dividend Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Dividend's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Dividend's standard deviation. In reality, there are many statistical measures that can use IShares Dividend historical prices to predict the future IShares Dividend's volatility.| Risk Adjusted Performance | 0.0632 | |||
| Jensen Alpha | 0.0142 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.1839 |
iShares Dividend Growers Backtested Returns
As of now, IShares Etf is very steady. iShares Dividend Growers holds Efficiency (Sharpe) Ratio of 0.0665, which attests that the entity had a 0.0665% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Dividend Growers, which you can use to evaluate the volatility of the entity. Please check out IShares Dividend's Downside Deviation of 0.5818, risk adjusted performance of 0.0632, and Market Risk Adjusted Performance of 0.1939 to validate if the risk estimate we provide is consistent with the expected return of 0.0393%. The etf retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Dividend's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Dividend is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
iShares Dividend Growers has very good predictability. Overlapping area represents the amount of predictability between IShares Dividend 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 Dividend Growers price movement. The serial correlation of 0.82 indicates that around 82.0% of current IShares Dividend price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
iShares Dividend Growers lagged returns against current returns
Autocorrelation, which is IShares Dividend 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 Dividend's etf expected returns. We can calculate the autocorrelation of IShares Dividend returns to help us make a trade decision. For example, suppose you find that IShares Dividend 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 Dividend 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 Dividend etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Dividend etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Dividend etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Dividend Lagged Returns
When evaluating IShares Dividend's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Dividend etf have on its future price. IShares Dividend 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 Dividend autocorrelation shows the relationship between IShares Dividend etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Dividend Growers.
Regressed Prices |
| Timeline |
Pair Trading with IShares Dividend
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 Dividend 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 Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
The ability to find closely correlated positions to IShares Dividend 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 Dividend 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 Dividend - 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 Dividend Growers to buy it.
The correlation of IShares Dividend 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 Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Dividend Growers 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 Dividend 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 Dividend 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 Dividend security.