Ishares Focused Value Etf Market Value
| FOVL Etf | USD 76.06 0.07 0.09% |
| Symbol | IShares |
The market value of iShares Focused Value is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Focused's value that differs from its market value or its book value, called intrinsic value, which is IShares Focused's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares Focused's market value can be influenced by many factors that don't directly affect IShares Focused's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares Focused's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Focused is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Focused'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.
IShares Focused '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 Focused'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 Focused.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in IShares Focused on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Focused Value or generate 0.0% return on investment in IShares Focused over 180 days. IShares Focused is related to or competes with Vanguard Mid, SPDR SP, Pacer Cash, IShares SP, WisdomTree MidCap, SPDR SP, and SPDR Russell. The underlying index measures the performance of large- and mid-capitalization U.S More
IShares Focused 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 Focused'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 Focused Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8847 | |||
| Information Ratio | 0.0873 | |||
| Maximum Drawdown | 7.45 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.78 |
IShares Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Focused's standard deviation. In reality, there are many statistical measures that can use IShares Focused historical prices to predict the future IShares Focused's volatility.| Risk Adjusted Performance | 0.1615 | |||
| Jensen Alpha | 0.0668 | |||
| Total Risk Alpha | 0.0359 | |||
| Sortino Ratio | 0.1135 | |||
| Treynor Ratio | 0.1805 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Focused's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
iShares Focused Value Backtested Returns
IShares Focused appears to be very steady, given 3 months investment horizon. iShares Focused Value holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Focused Value, which you can use to evaluate the volatility of the entity. Please utilize IShares Focused's Downside Deviation of 0.8847, risk adjusted performance of 0.1615, and Market Risk Adjusted Performance of 0.1905 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.26, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, IShares Focused will likely underperform.
Auto-correlation | 0.79 |
Good predictability
iShares Focused Value has good predictability. Overlapping area represents the amount of predictability between IShares Focused time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Focused Value price movement. The serial correlation of 0.79 indicates that around 79.0% of current IShares Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 10.87 |
iShares Focused Value lagged returns against current returns
Autocorrelation, which is IShares Focused 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 Focused's etf expected returns. We can calculate the autocorrelation of IShares Focused returns to help us make a trade decision. For example, suppose you find that IShares Focused 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 Focused 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 Focused etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Focused etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Focused etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Focused Lagged Returns
When evaluating IShares Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Focused etf have on its future price. IShares Focused 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 Focused autocorrelation shows the relationship between IShares Focused etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Focused Value.
Regressed Prices |
| Timeline |
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IShares Focused technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.