Ishares Evolved Technology Etf Market Value
| IETC Etf | USD 82.92 0.55 0.67% |
| Symbol | IShares |
The market value of iShares Evolved Tech 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 Evolved's value that differs from its market value or its book value, called intrinsic value, which is IShares Evolved'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 Evolved's market value can be influenced by many factors that don't directly affect IShares Evolved'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 Evolved's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Evolved is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Evolved'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 Evolved '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 Evolved'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 Evolved.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in IShares Evolved on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Evolved Technology or generate 0.0% return on investment in IShares Evolved over 90 days. IShares Evolved is related to or competes with Invesco DWA, Invesco Dynamic, Invesco Dynamic, HUMANA, Barloworld, Morningstar Unconstrained, and High-yield Municipal. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its ... More
IShares Evolved 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 Evolved'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 Evolved Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0014 | |||
| Maximum Drawdown | 5.66 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 1.75 |
IShares Evolved Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Evolved's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Evolved's standard deviation. In reality, there are many statistical measures that can use IShares Evolved historical prices to predict the future IShares Evolved's volatility.| Risk Adjusted Performance | 0.0907 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0012 | |||
| Treynor Ratio | 0.117 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Evolved'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 Evolved Tech Backtested Returns
At this point, IShares Evolved is very steady. iShares Evolved Tech holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Evolved Tech, which you can use to evaluate the volatility of the entity. Please check out IShares Evolved's Market Risk Adjusted Performance of 0.127, downside deviation of 1.29, and Risk Adjusted Performance of 0.0907 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The etf retains a Market Volatility (i.e., Beta) of 1.03, which attests to a somewhat significant risk relative to the market. IShares Evolved returns are very sensitive to returns on the market. As the market goes up or down, IShares Evolved is expected to follow.
Auto-correlation | 0.53 |
Modest predictability
iShares Evolved Technology has modest predictability. Overlapping area represents the amount of predictability between IShares Evolved time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Evolved Tech price movement. The serial correlation of 0.53 indicates that about 53.0% of current IShares Evolved price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
iShares Evolved Tech lagged returns against current returns
Autocorrelation, which is IShares Evolved 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 Evolved's etf expected returns. We can calculate the autocorrelation of IShares Evolved returns to help us make a trade decision. For example, suppose you find that IShares Evolved 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 Evolved 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 Evolved etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Evolved etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Evolved etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Evolved Lagged Returns
When evaluating IShares Evolved's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Evolved etf have on its future price. IShares Evolved 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 Evolved autocorrelation shows the relationship between IShares Evolved etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Evolved Technology.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether iShares Evolved Tech offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Evolved'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 Evolved Technology Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Evolved Technology Etf:Check out IShares Evolved Correlation, IShares Evolved Volatility and IShares Evolved Alpha and Beta module to complement your research on IShares Evolved. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
IShares Evolved 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.