IShares Digital's market value is the price at which a share of IShares Digital trades on a public exchange. It measures the collective expectations of iShares Digital Entertainment investors about its performance. IShares Digital is trading at 8.60 as of the 22nd of November 2024, a 1.42% increase since the beginning of the trading day. The etf's open price was 8.48. With this module, you can estimate the performance of a buy and hold strategy of iShares Digital Entertainment and determine expected loss or profit from investing in IShares Digital over a given investment horizon. Check out Investing Opportunities 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 Digital '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 Digital'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 Digital.
0.00
10/23/2024
No Change 0.00
0.0
In 31 days
11/22/2024
0.00
If you would invest 0.00 in IShares Digital on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Digital Entertainment or generate 0.0% return on investment in IShares Digital over 30 days.
IShares Digital 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 Digital'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 Digital Entertainment 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 Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Digital's standard deviation. In reality, there are many statistical measures that can use IShares Digital historical prices to predict the future IShares Digital's volatility.
IShares Digital appears to be very steady, given 3 months investment horizon. iShares Digital Ente holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Digital Ente, which you can use to evaluate the volatility of the entity. Please utilize IShares Digital's Downside Deviation of 1.01, market risk adjusted performance of 0.3896, and Risk Adjusted Performance of 0.1651 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.52, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Digital is expected to be smaller as well.
Auto-correlation
0.94
Excellent predictability
iShares Digital Entertainment has excellent predictability. Overlapping area represents the amount of predictability between IShares Digital time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Digital Ente price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current IShares Digital price fluctuation can be explain by its past prices.
Correlation Coefficient
0.94
Spearman Rank Test
0.96
Residual Average
0.0
Price Variance
0.01
iShares Digital Ente lagged returns against current returns
Autocorrelation, which is IShares Digital 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 Digital's etf expected returns. We can calculate the autocorrelation of IShares Digital returns to help us make a trade decision. For example, suppose you find that IShares Digital 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 Digital 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 Digital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Digital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Digital etf over time.
Current vs Lagged Prices
Timeline
IShares Digital Lagged Returns
When evaluating IShares Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Digital etf have on its future price. IShares Digital 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 Digital autocorrelation shows the relationship between IShares Digital etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Digital Entertainment.
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.