IShares China's market value is the price at which a share of IShares China trades on a public exchange. It measures the collective expectations of iShares China CNY investors about its performance. IShares China is trading at 5.62 as of the 18th of December 2024, a 0.36% increase since the beginning of the trading day. The etf's open price was 5.6. With this module, you can estimate the performance of a buy and hold strategy of iShares China CNY and determine expected loss or profit from investing in IShares China 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 China '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 China'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 China.
0.00
12/29/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
12/18/2024
0.00
If you would invest 0.00 in IShares China on December 29, 2022 and sell it all today you would earn a total of 0.00 from holding iShares China CNY or generate 0.0% return on investment in IShares China over 720 days.
IShares China 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 China'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 China CNY 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 China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares China's standard deviation. In reality, there are many statistical measures that can use IShares China historical prices to predict the future IShares China's volatility.
At this point, IShares China is very steady. iShares China CNY holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares China CNY, which you can use to evaluate the volatility of the entity. Please check out IShares China's Coefficient Of Variation of 420.32, risk adjusted performance of 0.175, and Market Risk Adjusted Performance of 2.36 to validate if the risk estimate we provide is consistent with the expected return of 0.0737%. The etf retains a Market Volatility (i.e., Beta) of 0.0291, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares China's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares China is expected to be smaller as well.
Auto-correlation
-0.35
Poor reverse predictability
iShares China CNY has poor reverse predictability. Overlapping area represents the amount of predictability between IShares China time series from 29th of December 2022 to 24th of December 2023 and 24th of December 2023 to 18th of December 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 China CNY price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current IShares China price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.35
Spearman Rank Test
-0.56
Residual Average
0.0
Price Variance
0.02
iShares China CNY lagged returns against current returns
Autocorrelation, which is IShares China 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 China's etf expected returns. We can calculate the autocorrelation of IShares China returns to help us make a trade decision. For example, suppose you find that IShares China 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 China 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 China etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares China etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares China etf over time.
Current vs Lagged Prices
Timeline
IShares China Lagged Returns
When evaluating IShares China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares China etf have on its future price. IShares China 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 China autocorrelation shows the relationship between IShares China etf current value and its past values and can show if there is a momentum factor associated with investing in iShares China CNY.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.