Ishares Ultra Short Term Etf Market Value
| ICSH Etf | USD 50.62 0.03 0.06% |
| Symbol | IShares |
The market value of iShares Ultra Short 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 Ultra's value that differs from its market value or its book value, called intrinsic value, which is IShares Ultra'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 Ultra's market value can be influenced by many factors that don't directly affect IShares Ultra'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 Ultra's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Ultra is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Ultra'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 Ultra '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 Ultra'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 Ultra.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in IShares Ultra on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Ultra Short Term or generate 0.0% return on investment in IShares Ultra over 30 days. IShares Ultra is related to or competes with First Trust, First Trust, First Trust, First Trust, and First Trust. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its ... More
IShares Ultra 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 Ultra'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 Ultra Short Term upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.028 | |||
| Information Ratio | (4.18) | |||
| Maximum Drawdown | 0.0997 | |||
| Value At Risk | (0.02) | |||
| Potential Upside | 0.0596 |
IShares Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Ultra's standard deviation. In reality, there are many statistical measures that can use IShares Ultra historical prices to predict the future IShares Ultra's volatility.| Risk Adjusted Performance | 0.2308 | |||
| Jensen Alpha | 0.0084 | |||
| Total Risk Alpha | 0.0035 | |||
| Sortino Ratio | (4.03) | |||
| Treynor Ratio | (1.53) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Ultra'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 Ultra Short Backtested Returns
IShares Ultra is very steady at the moment. iShares Ultra Short holds Efficiency (Sharpe) Ratio of 0.67, which attests that the entity had a 0.67% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Ultra Short, which you can use to evaluate the volatility of the entity. Please check out IShares Ultra's Market Risk Adjusted Performance of (1.52), coefficient of variation of 152.0, and Risk Adjusted Performance of 0.2308 to validate if the risk estimate we provide is consistent with the expected return of 0.018%. The etf retains a Market Volatility (i.e., Beta) of -0.0051, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares Ultra are expected to decrease at a much lower rate. During the bear market, IShares Ultra is likely to outperform the market.
Auto-correlation | 0.90 |
Excellent predictability
iShares Ultra Short Term has excellent predictability. Overlapping area represents the amount of predictability between IShares Ultra time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Ultra Short price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current IShares Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
iShares Ultra Short lagged returns against current returns
Autocorrelation, which is IShares Ultra 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 Ultra's etf expected returns. We can calculate the autocorrelation of IShares Ultra returns to help us make a trade decision. For example, suppose you find that IShares Ultra 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 Ultra 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 Ultra etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Ultra etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Ultra etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Ultra Lagged Returns
When evaluating IShares Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Ultra etf have on its future price. IShares Ultra 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 Ultra autocorrelation shows the relationship between IShares Ultra etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Ultra Short Term.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether iShares Ultra Short offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Ultra'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 Ultra Short Term Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Ultra Short Term Etf:Check out IShares Ultra Correlation, IShares Ultra Volatility and IShares Ultra Alpha and Beta module to complement your research on IShares Ultra. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
IShares Ultra 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.