Ishares Self Driving Ev Etf Market Value
| IDRV Etf | USD 29.18 0.20 0.69% |
| Symbol | IShares |
The market value of iShares Self Driving 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 Self's value that differs from its market value or its book value, called intrinsic value, which is IShares Self'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 Self's market value can be influenced by many factors that don't directly affect IShares Self'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 Self's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Self is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Self'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 Self '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 Self'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 Self.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in IShares Self on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Self Driving EV or generate 0.0% return on investment in IShares Self over 30 days. IShares Self is related to or competes with SPDR SP, KraneShares Electric, Global X, Amplify Lithium, and Global X. The index is composed of equity securities of companies listed in one of 43 developed or emerging market countries that ... More
IShares Self 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 Self'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 Self Driving EV upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.94 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.79 | |||
| Value At Risk | (2.99) | |||
| Potential Upside | 3.2 |
IShares Self Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Self's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Self's standard deviation. In reality, there are many statistical measures that can use IShares Self historical prices to predict the future IShares Self's volatility.| Risk Adjusted Performance | 0.0117 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0059 |
iShares Self Driving Backtested Returns
At this stage we consider IShares Etf to be very steady. iShares Self Driving holds Efficiency (Sharpe) Ratio of 0.0102, which attests that the entity had a 0.0102% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Self Driving, which you can use to evaluate the volatility of the entity. Please check out IShares Self's Downside Deviation of 1.94, market risk adjusted performance of 0.0159, and Risk Adjusted Performance of 0.0117 to validate if the risk estimate we provide is consistent with the expected return of 0.0185%. The etf retains a Market Volatility (i.e., Beta) of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Self's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Self is expected to be smaller as well.
Auto-correlation | 0.14 |
Insignificant predictability
iShares Self Driving EV has insignificant predictability. Overlapping area represents the amount of predictability between IShares Self 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 Self Driving price movement. The serial correlation of 0.14 indicates that less than 14.0% of current IShares Self price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.14 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
iShares Self Driving lagged returns against current returns
Autocorrelation, which is IShares Self 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 Self's etf expected returns. We can calculate the autocorrelation of IShares Self returns to help us make a trade decision. For example, suppose you find that IShares Self 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 Self 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 Self etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Self etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Self etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Self Lagged Returns
When evaluating IShares Self's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Self etf have on its future price. IShares Self 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 Self autocorrelation shows the relationship between IShares Self etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Self Driving EV.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out IShares Self Correlation, IShares Self Volatility and IShares Self Alpha and Beta module to complement your research on IShares Self. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
IShares Self 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.