IShares III (Netherlands) Market Value
| ICOV Etf | EUR 142.55 0.15 0.11% |
| Symbol | IShares |
IShares III '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 III'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 III.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in IShares III on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding iShares III Public or generate 0.0% return on investment in IShares III over 270 days. IShares III is related to or competes with IShares Aggregate, IShares Core, IShares Inflation, IShareso Government, and IShares Euro. The fund is an exchange traded fund that aims to track the performance of the Markit iBoxx Covered Index as closely as p... More
IShares III 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 III'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 III Public upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1526 | |||
| Information Ratio | (0.76) | |||
| Maximum Drawdown | 0.6563 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.2543 |
IShares III Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares III's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares III's standard deviation. In reality, there are many statistical measures that can use IShares III historical prices to predict the future IShares III's volatility.| Risk Adjusted Performance | 0.0406 | |||
| Jensen Alpha | 0.0023 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.75) | |||
| Treynor Ratio | 0.1947 |
iShares III Public Backtested Returns
Currently, iShares III Public is very steady. iShares III Public holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares III Public, which you can use to evaluate the volatility of the entity. Please check out IShares III's Market Risk Adjusted Performance of 0.2047, downside deviation of 0.1526, and Risk Adjusted Performance of 0.0406 to validate if the risk estimate we provide is consistent with the expected return of 0.0182%. The etf retains a Market Volatility (i.e., Beta) of 0.031, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares III's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares III is expected to be smaller as well.
Auto-correlation | 0.42 |
Average predictability
iShares III Public has average predictability. Overlapping area represents the amount of predictability between IShares III time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 III Public price movement. The serial correlation of 0.42 indicates that just about 42.0% of current IShares III price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.14 |
iShares III Public lagged returns against current returns
Autocorrelation, which is IShares III 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 III's etf expected returns. We can calculate the autocorrelation of IShares III returns to help us make a trade decision. For example, suppose you find that IShares III 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 III 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 III etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares III etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares III etf over time.
Current vs Lagged Prices |
| Timeline |
IShares III Lagged Returns
When evaluating IShares III's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares III etf have on its future price. IShares III 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 III autocorrelation shows the relationship between IShares III etf current value and its past values and can show if there is a momentum factor associated with investing in iShares III Public.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Other Information on Investing in IShares Etf
IShares III 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 III security.