Ishares Trust Etf Market Value

IBRN Etf  USD 26.17  0.18  0.69%   
IShares Trust's market value is the price at which a share of IShares Trust trades on a public exchange. It measures the collective expectations of iShares Trust investors about its performance. IShares Trust is selling at 26.17 as of the 21st of November 2024; that is 0.69 percent increase since the beginning of the trading day. The etf's open price was 25.99.
With this module, you can estimate the performance of a buy and hold strategy of iShares Trust and determine expected loss or profit from investing in IShares Trust over a given investment horizon. Check out IShares Trust Correlation, IShares Trust Volatility and IShares Trust Alpha and Beta module to complement your research on IShares Trust.
To learn how to invest in IShares Etf, please use our How to Invest in IShares Trust guide.
Symbol

The market value of iShares Trust 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 Trust's value that differs from its market value or its book value, called intrinsic value, which is IShares Trust'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 Trust's market value can be influenced by many factors that don't directly affect IShares Trust'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 Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Trust'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 Trust '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 Trust'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 Trust.
0.00
12/02/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/21/2024
0.00
If you would invest  0.00  in IShares Trust on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding iShares Trust or generate 0.0% return on investment in IShares Trust over 720 days. IShares Trust is related to or competes with Franklin Templeton, Tidal Trust, IShares Dividend, Altrius Global, Invesco Exchange, Franklin International, and Madison ETFs. The fund will invest at least 80 percent of its assets in the component securities of its index and in investments that ... More

IShares Trust 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 Trust'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 Trust upside and downside potential and time the market with a certain degree of confidence.

IShares Trust Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Trust's standard deviation. In reality, there are many statistical measures that can use IShares Trust historical prices to predict the future IShares Trust's volatility.
Hype
Prediction
LowEstimatedHigh
24.5825.9927.40
Details
Intrinsic
Valuation
LowRealHigh
24.6726.0827.49
Details
Naive
Forecast
LowNextHigh
23.4124.8226.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.4127.0628.70
Details

iShares Trust Backtested Returns

iShares Trust holds Efficiency (Sharpe) Ratio of -3.0E-4, which attests that the entity had a -3.0E-4% return per unit of risk over the last 3 months. iShares Trust exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Trust's Risk Adjusted Performance of 0.0135, market risk adjusted performance of 0.0153, and Downside Deviation of 1.57 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 1.25, 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 Trust will likely underperform.

Auto-correlation

    
  -0.43  

Modest reverse predictability

iShares Trust has modest reverse predictability. Overlapping area represents the amount of predictability between IShares Trust time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st 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 Trust price movement. The serial correlation of -0.43 indicates that just about 43.0% of current IShares Trust price fluctuation can be explain by its past prices.
Correlation Coefficient-0.43
Spearman Rank Test-0.21
Residual Average0.0
Price Variance1.87

iShares Trust lagged returns against current returns

Autocorrelation, which is IShares Trust 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 Trust's etf expected returns. We can calculate the autocorrelation of IShares Trust returns to help us make a trade decision. For example, suppose you find that IShares Trust 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 Trust 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 Trust etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Trust etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Trust etf over time.
   Current vs Lagged Prices   
       Timeline  

IShares Trust Lagged Returns

When evaluating IShares Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Trust etf have on its future price. IShares Trust 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 Trust autocorrelation shows the relationship between IShares Trust etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Trust .
   Regressed Prices   
       Timeline  

Pair Trading with IShares Trust

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IShares Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares Trust will appreciate offsetting losses from the drop in the long position's value.

Moving against IShares Etf

  0.65BITI ProShares TrustPairCorr
  0.64GREI Goldman Sachs FuturePairCorr
  0.6IHF iShares HealthcarePairCorr
  0.52IXJ iShares Global HealthcarePairCorr
  0.49XLV Health Care SelectPairCorr
The ability to find closely correlated positions to IShares Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Trust when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Trust - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Trust to buy it.
The correlation of IShares Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IShares Trust can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether iShares Trust is a strong investment it is important to analyze IShares Trust's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IShares Trust's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:
Check out IShares Trust Correlation, IShares Trust Volatility and IShares Trust Alpha and Beta module to complement your research on IShares Trust.
To learn how to invest in IShares Etf, please use our How to Invest in IShares Trust guide.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
IShares Trust 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.
A focus of IShares Trust technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of IShares Trust trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...