IShares Euro (Netherlands) Market Value
| IBGX Etf | EUR 161.77 0.36 0.22% |
| Symbol | IShares |
IShares Euro '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 Euro'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 Euro.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in IShares Euro on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Euro Government or generate 0.0% return on investment in IShares Euro over 30 days. IShares Euro is related to or competes with IShares II, IShares Core, and IShares SP. The fund is an exchange traded fund that aims to track the performance of the Barclays Euro Government Bond 5 Year Term ... More
IShares Euro 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 Euro'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 Euro Government upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1792 | |||
| Information Ratio | (0.61) | |||
| Maximum Drawdown | 0.7104 | |||
| Value At Risk | (0.27) | |||
| Potential Upside | 0.2997 |
IShares Euro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Euro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Euro's standard deviation. In reality, there are many statistical measures that can use IShares Euro historical prices to predict the future IShares Euro's volatility.| Risk Adjusted Performance | 0.0443 | |||
| Jensen Alpha | 0.0103 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.60) | |||
| Treynor Ratio | (0.38) |
iShares Euro Government Backtested Returns
Currently, iShares Euro Government is very steady. iShares Euro Government holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Euro Government, which you can use to evaluate the volatility of the entity. Please check out IShares Euro's Risk Adjusted Performance of 0.0443, market risk adjusted performance of (0.37), and Downside Deviation of 0.1792 to validate if the risk estimate we provide is consistent with the expected return of 0.0253%. The etf retains a Market Volatility (i.e., Beta) of -0.0209, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares Euro are expected to decrease at a much lower rate. During the bear market, IShares Euro is likely to outperform the market.
Auto-correlation | 0.30 |
Below average predictability
iShares Euro Government has below average predictability. Overlapping area represents the amount of predictability between IShares Euro time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Euro Government price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current IShares Euro price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
iShares Euro Government lagged returns against current returns
Autocorrelation, which is IShares Euro 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 Euro's etf expected returns. We can calculate the autocorrelation of IShares Euro returns to help us make a trade decision. For example, suppose you find that IShares Euro 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 Euro 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 Euro etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Euro etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Euro etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Euro Lagged Returns
When evaluating IShares Euro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Euro etf have on its future price. IShares Euro 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 Euro autocorrelation shows the relationship between IShares Euro etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Euro Government.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in IShares Etf
IShares Euro 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 Euro security.