Ishares Gnma Bond Etf Market Value
| GNMA Etf | USD 43.69 0.10 0.23% |
| Symbol | IShares |
The market value of iShares GNMA Bond 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 GNMA's value that differs from its market value or its book value, called intrinsic value, which is IShares GNMA'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 GNMA's market value can be influenced by many factors that don't directly affect IShares GNMA'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 GNMA's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares GNMA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares GNMA'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 GNMA '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 GNMA'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 GNMA.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in IShares GNMA on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding iShares GNMA Bond or generate 0.0% return on investment in IShares GNMA over 30 days. IShares GNMA is related to or competes with Vanguard Long, Vanguard Short, Vanguard Intermediate, Vanguard Mortgage, and Vanguard Short. The fund will invest at least 80 percent of its assets in the component securities of the underlying index and to-be-ann... More
IShares GNMA 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 GNMA'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 GNMA Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.41) | |||
| Maximum Drawdown | 1.46 | |||
| Value At Risk | (0.54) | |||
| Potential Upside | 0.4955 |
IShares GNMA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares GNMA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares GNMA's standard deviation. In reality, there are many statistical measures that can use IShares GNMA historical prices to predict the future IShares GNMA's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.3 |
iShares GNMA Bond Backtested Returns
iShares GNMA Bond holds Efficiency (Sharpe) Ratio of -0.0431, which attests that the entity had a -0.0431% return per unit of risk over the last 3 months. iShares GNMA Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares GNMA's Risk Adjusted Performance of (0.05), standard deviation of 0.3547, and Market Risk Adjusted Performance of 1.31 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0196, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares GNMA are expected to decrease at a much lower rate. During the bear market, IShares GNMA is likely to outperform the market.
Auto-correlation | 0.61 |
Good predictability
iShares GNMA Bond has good predictability. Overlapping area represents the amount of predictability between IShares GNMA time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 GNMA Bond price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current IShares GNMA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
iShares GNMA Bond lagged returns against current returns
Autocorrelation, which is IShares GNMA 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 GNMA's etf expected returns. We can calculate the autocorrelation of IShares GNMA returns to help us make a trade decision. For example, suppose you find that IShares GNMA 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 GNMA 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 GNMA etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares GNMA etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares GNMA etf over time.
Current vs Lagged Prices |
| Timeline |
IShares GNMA Lagged Returns
When evaluating IShares GNMA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares GNMA etf have on its future price. IShares GNMA 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 GNMA autocorrelation shows the relationship between IShares GNMA etf current value and its past values and can show if there is a momentum factor associated with investing in iShares GNMA 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.When determining whether iShares GNMA Bond offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares GNMA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ishares Gnma Bond Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Gnma Bond Etf:Check out IShares GNMA Correlation, IShares GNMA Volatility and IShares GNMA Alpha and Beta module to complement your research on IShares GNMA. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
IShares GNMA 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.