IShares Govt's market value is the price at which a share of IShares Govt trades on a public exchange. It measures the collective expectations of iShares Govt Bond investors about its performance. IShares Govt is trading at 155.65 as of the 28th of November 2024, a 0.45% up since the beginning of the trading day. The etf's lowest day price was 154.92. With this module, you can estimate the performance of a buy and hold strategy of iShares Govt Bond and determine expected loss or profit from investing in IShares Govt 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 Govt '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 Govt'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 Govt.
0.00
10/29/2024
No Change 0.00
0.0
In 31 days
11/28/2024
0.00
If you would invest 0.00 in IShares Govt on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Govt Bond or generate 0.0% return on investment in IShares Govt over 30 days.
IShares Govt 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 Govt'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 Govt Bond 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 Govt's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Govt's standard deviation. In reality, there are many statistical measures that can use IShares Govt historical prices to predict the future IShares Govt's volatility.
At this point, IShares Govt is very steady. iShares Govt Bond holds Efficiency (Sharpe) Ratio of 0.1, which attests that the entity had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Govt Bond, which you can use to evaluate the volatility of the entity. Please check out IShares Govt's Downside Deviation of 0.3985, risk adjusted performance of 0.0593, and Market Risk Adjusted Performance of 1.39 to validate if the risk estimate we provide is consistent with the expected return of 0.0412%. The etf retains a Market Volatility (i.e., Beta) of 0.0188, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Govt's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Govt is expected to be smaller as well.
Auto-correlation
0.35
Below average predictability
iShares Govt Bond has below average predictability. Overlapping area represents the amount of predictability between IShares Govt time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Govt Bond price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current IShares Govt price fluctuation can be explain by its past prices.
Correlation Coefficient
0.35
Spearman Rank Test
0.08
Residual Average
0.0
Price Variance
1.01
iShares Govt Bond lagged returns against current returns
Autocorrelation, which is IShares Govt 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 Govt's etf expected returns. We can calculate the autocorrelation of IShares Govt returns to help us make a trade decision. For example, suppose you find that IShares Govt 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 Govt 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 Govt etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Govt etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Govt etf over time.
Current vs Lagged Prices
Timeline
IShares Govt Lagged Returns
When evaluating IShares Govt's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Govt etf have on its future price. IShares Govt 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 Govt autocorrelation shows the relationship between IShares Govt etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Govt Bond.
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.