IShares STOXX (Germany) Market Value
| EXV1 Etf | EUR 20.35 0.25 1.24% |
| Symbol | IShares |
IShares STOXX '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 STOXX'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 STOXX.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in IShares STOXX on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding iShares STOXX Europe or generate 0.0% return on investment in IShares STOXX over 510 days. IShares STOXX is related to or competes with SPDR Gold, and IShares Core. The investment seeks to replicate, net of expenses, the STOXX Europe 600 Banks TR index as closely as possible More
IShares STOXX 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 STOXX'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 STOXX Europe upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.76 | |||
| Value At Risk | (1.90) | |||
| Potential Upside | 1.47 |
IShares STOXX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares STOXX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares STOXX's standard deviation. In reality, there are many statistical measures that can use IShares STOXX historical prices to predict the future IShares STOXX's volatility.| Risk Adjusted Performance | 0.0746 | |||
| Jensen Alpha | 0.0497 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2961 |
iShares STOXX Europe Backtested Returns
At this point, IShares STOXX is very steady. iShares STOXX Europe holds Efficiency (Sharpe) Ratio of 0.0705, which attests that the entity had a 0.0705% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares STOXX Europe, which you can use to evaluate the volatility of the entity. Please check out IShares STOXX's Market Risk Adjusted Performance of 0.3061, downside deviation of 1.12, and Risk Adjusted Performance of 0.0746 to validate if the risk estimate we provide is consistent with the expected return of 0.0709%. The etf retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares STOXX's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares STOXX is expected to be smaller as well.
Auto-correlation | 0.52 |
Modest predictability
iShares STOXX Europe has modest predictability. Overlapping area represents the amount of predictability between IShares STOXX time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 STOXX Europe price movement. The serial correlation of 0.52 indicates that about 52.0% of current IShares STOXX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.55 |
iShares STOXX Europe lagged returns against current returns
Autocorrelation, which is IShares STOXX 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 STOXX's etf expected returns. We can calculate the autocorrelation of IShares STOXX returns to help us make a trade decision. For example, suppose you find that IShares STOXX 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 STOXX 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 STOXX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares STOXX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares STOXX etf over time.
Current vs Lagged Prices |
| Timeline |
IShares STOXX Lagged Returns
When evaluating IShares STOXX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares STOXX etf have on its future price. IShares STOXX 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 STOXX autocorrelation shows the relationship between IShares STOXX etf current value and its past values and can show if there is a momentum factor associated with investing in iShares STOXX Europe.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in IShares Etf
IShares STOXX financial ratios help investors to determine whether IShares 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 IShares with respect to the benefits of owning IShares STOXX security.