IShares Core (Hungary) Market Value
| DAXEX Etf | 66,000 230.00 0.35% |
| Symbol | IShares |
IShares Core '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 Core'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 Core.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in IShares Core on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Core DAX or generate 0.0% return on investment in IShares Core over 540 days.
IShares Core 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 Core'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 Core DAX upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.79 | |||
| Information Ratio | 0.0224 | |||
| Maximum Drawdown | 13.71 | |||
| Value At Risk | (2.14) | |||
| Potential Upside | 2.69 |
IShares Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Core's standard deviation. In reality, there are many statistical measures that can use IShares Core historical prices to predict the future IShares Core's volatility.| Risk Adjusted Performance | 0.0778 | |||
| Jensen Alpha | 0.1562 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0219 | |||
| Treynor Ratio | (11.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Core's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
iShares Core DAX Backtested Returns
At this point, IShares Core is very steady. iShares Core DAX holds Efficiency (Sharpe) Ratio of 0.0883, which attests that the entity had a 0.0883% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Core DAX, which you can use to evaluate the volatility of the entity. Please check out IShares Core's Downside Deviation of 1.79, risk adjusted performance of 0.0778, and Market Risk Adjusted Performance of (11.27) to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The etf retains a Market Volatility (i.e., Beta) of -0.0137, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares Core are expected to decrease at a much lower rate. During the bear market, IShares Core is likely to outperform the market.
Auto-correlation | 0.64 |
Good predictability
iShares Core DAX has good predictability. Overlapping area represents the amount of predictability between IShares Core time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Core DAX price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current IShares Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 4.2 M |
iShares Core DAX lagged returns against current returns
Autocorrelation, which is IShares Core 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 Core's etf expected returns. We can calculate the autocorrelation of IShares Core returns to help us make a trade decision. For example, suppose you find that IShares Core 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 Core 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 Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Core etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Core Lagged Returns
When evaluating IShares Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Core etf have on its future price. IShares Core 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 Core autocorrelation shows the relationship between IShares Core etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Core DAX.
Regressed Prices |
| Timeline |