IShares EURO's market value is the price at which a share of IShares EURO trades on a public exchange. It measures the collective expectations of iShares EURO STOXX investors about its performance. IShares EURO is selling for under 5.02 as of the 27th of November 2024; that is 0.99 percent decrease since the beginning of the trading day. The etf's lowest day price was 5.02. With this module, you can estimate the performance of a buy and hold strategy of iShares EURO STOXX and determine expected loss or profit from investing in IShares EURO over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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.
0.00
12/08/2022
No Change 0.00
0.0
In 1 year 11 months and 22 days
11/27/2024
0.00
If you would invest 0.00 in IShares EURO on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding iShares EURO STOXX or generate 0.0% return on investment in IShares EURO over 720 days.
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 STOXX upside and downside potential and time the market with a certain degree of confidence.
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.
iShares EURO STOXX holds Efficiency (Sharpe) Ratio of -0.0604, which attests that the entity had a -0.0604% return per unit of risk over the last 3 months. iShares EURO STOXX exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares EURO's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.22), and Standard Deviation of 0.7519 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares EURO's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares EURO is expected to be smaller as well.
Auto-correlation
-0.61
Very good reverse predictability
iShares EURO STOXX has very good reverse predictability. Overlapping area represents the amount of predictability between IShares EURO time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 STOXX price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current IShares EURO price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.61
Spearman Rank Test
-0.28
Residual Average
0.0
Price Variance
0.04
iShares EURO STOXX 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 STOXX.
Regressed Prices
Timeline
Thematic Opportunities
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