IShares Nikkei (Germany) Market Value
| EXX7 Etf | EUR 23.34 0.03 0.13% |
| Symbol | IShares |
IShares Nikkei '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 Nikkei'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 Nikkei.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in IShares Nikkei on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Nikkei 225 or generate 0.0% return on investment in IShares Nikkei over 30 days. IShares Nikkei is related to or competes with SPDR Gold, IShares Core, and IShares Core. iShares Nikkei 225 is an exchange traded fund that aims to track the performance of the Nikkei 225 Index as closely as p... More
IShares Nikkei 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 Nikkei'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 Nikkei 225 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 5.3 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.3 |
IShares Nikkei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Nikkei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Nikkei's standard deviation. In reality, there are many statistical measures that can use IShares Nikkei historical prices to predict the future IShares Nikkei's volatility.| Risk Adjusted Performance | 0.0063 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | (0.15) |
iShares Nikkei 225 Backtested Returns
iShares Nikkei 225 holds Efficiency (Sharpe) Ratio of -0.0108, which attests that the entity had a -0.0108% return per unit of risk over the last 3 months. iShares Nikkei 225 exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Nikkei's Market Risk Adjusted Performance of (0.14), risk adjusted performance of 0.0063, and Downside Deviation of 1.19 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0383, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Nikkei's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Nikkei is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
iShares Nikkei 225 has poor reverse predictability. Overlapping area represents the amount of predictability between IShares Nikkei time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Nikkei 225 price movement. The serial correlation of -0.39 indicates that just about 39.0% of current IShares Nikkei price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
iShares Nikkei 225 lagged returns against current returns
Autocorrelation, which is IShares Nikkei 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 Nikkei's etf expected returns. We can calculate the autocorrelation of IShares Nikkei returns to help us make a trade decision. For example, suppose you find that IShares Nikkei 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 Nikkei 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 Nikkei etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Nikkei etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Nikkei etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Nikkei Lagged Returns
When evaluating IShares Nikkei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Nikkei etf have on its future price. IShares Nikkei 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 Nikkei autocorrelation shows the relationship between IShares Nikkei etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Nikkei 225.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in IShares Etf
IShares Nikkei 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 Nikkei security.