ISHS EU (Germany) Market Value
| EUNW Etf | EUR 93.94 0.06 0.06% |
| Symbol | ISHS |
Please note, there is a significant difference between ISHS EU's value and its price as these two are different measures arrived at by different means. Investors typically determine if ISHS EU is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ISHS EU's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ISHS EU '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 ISHS EU'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 ISHS EU.
| 02/11/2023 |
| 01/31/2025 |
If you would invest 0.00 in ISHS EU on February 11, 2023 and sell it all today you would earn a total of 0.00 from holding ISHS EU YE or generate 0.0% return on investment in ISHS EU over 720 days. More
ISHS EU 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 ISHS EU'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 ISHS EU YE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2607 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.98 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.6009 |
ISHS EU Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISHS EU's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISHS EU's standard deviation. In reality, there are many statistical measures that can use ISHS EU historical prices to predict the future ISHS EU's volatility.| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 0.023 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | (0.51) |
ISHS EU YE Backtested Returns
At this point, ISHS EU is very steady. ISHS EU YE holds Efficiency (Sharpe) Ratio of 0.094, which attests that the entity had a 0.094 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for ISHS EU YE, which you can use to evaluate the volatility of the entity. Please check out ISHS EU's Market Risk Adjusted Performance of (0.50), risk adjusted performance of 0.0619, and Semi Deviation of 0.1521 to validate if the risk estimate we provide is consistent with the expected return of 0.0295%. The etf retains a Market Volatility (i.e., Beta) of -0.0387, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ISHS EU are expected to decrease at a much lower rate. During the bear market, ISHS EU is likely to outperform the market.
Auto-correlation | 0.00 |
No correlation between past and present
ISHS EU YE has no correlation between past and present. Overlapping area represents the amount of predictability between ISHS EU time series from 11th of February 2023 to 6th of February 2024 and 6th of February 2024 to 31st of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of ISHS EU YE price movement. The serial correlation of 0.0 indicates that just 0.0% of current ISHS EU price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
ISHS EU YE lagged returns against current returns
Autocorrelation, which is ISHS EU 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 ISHS EU's etf expected returns. We can calculate the autocorrelation of ISHS EU returns to help us make a trade decision. For example, suppose you find that ISHS EU 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 |
ISHS EU 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 ISHS EU etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISHS EU etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISHS EU etf over time.
Current vs Lagged Prices |
| Timeline |
ISHS EU Lagged Returns
When evaluating ISHS EU's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISHS EU etf have on its future price. ISHS EU 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, ISHS EU autocorrelation shows the relationship between ISHS EU etf current value and its past values and can show if there is a momentum factor associated with investing in ISHS EU YE.
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.Other Information on Investing in ISHS Etf
ISHS EU financial ratios help investors to determine whether ISHS 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 ISHS with respect to the benefits of owning ISHS EU security.