Ishares Oil Equipment Etf Market Value
| IEZ Etf | USD 22.20 0.08 0.36% |
| Symbol | IShares |
The market value of iShares Oil Equipment 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 Oil's value that differs from its market value or its book value, called intrinsic value, which is IShares Oil'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 Oil's market value can be influenced by many factors that don't directly affect IShares Oil'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 Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Oil'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 Oil '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 Oil'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 Oil.
| 01/28/2024 |
| 01/22/2025 |
If you would invest 0.00 in IShares Oil on January 28, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Oil Equipment or generate 0.0% return on investment in IShares Oil over 360 days. IShares Oil is related to or competes with Ultimus Managers, American Beacon, Direxion Daily, Direxion Daily, EA Series, Global X, and ETRACS Quarterly. The index measures the performance of the oil equipment and services sector of the U.S More
IShares Oil 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 Oil'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 Oil Equipment upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | 0.0729 | |||
| Maximum Drawdown | 13.05 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.25 |
IShares Oil Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Oil's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Oil's standard deviation. In reality, there are many statistical measures that can use IShares Oil historical prices to predict the future IShares Oil's volatility.| Risk Adjusted Performance | 0.0841 | |||
| Jensen Alpha | 0.14 | |||
| Total Risk Alpha | 0.1002 | |||
| Sortino Ratio | 0.0868 | |||
| Treynor Ratio | 0.2604 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Oil'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 Oil Equipment Backtested Returns
IShares Oil appears to be very steady, given 3 months investment horizon. iShares Oil Equipment holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Oil Equipment, which you can use to evaluate the volatility of the entity. Please utilize IShares Oil's Market Risk Adjusted Performance of 0.2704, downside deviation of 1.49, and Risk Adjusted Performance of 0.0841 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Oil's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Oil is expected to be smaller as well.
Auto-correlation | -0.24 |
Weak reverse predictability
iShares Oil Equipment has weak reverse predictability. Overlapping area represents the amount of predictability between IShares Oil time series from 28th of January 2024 to 26th of July 2024 and 26th of July 2024 to 22nd of January 2025. 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 Oil Equipment price movement. The serial correlation of -0.24 indicates that over 24.0% of current IShares Oil price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.94 |
iShares Oil Equipment lagged returns against current returns
Autocorrelation, which is IShares Oil 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 Oil's etf expected returns. We can calculate the autocorrelation of IShares Oil returns to help us make a trade decision. For example, suppose you find that IShares Oil 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 Oil 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 Oil etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Oil etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Oil etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Oil Lagged Returns
When evaluating IShares Oil's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Oil etf have on its future price. IShares Oil 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 Oil autocorrelation shows the relationship between IShares Oil etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Oil Equipment.
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 Oil Equipment offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Oil'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 Oil Equipment Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Oil Equipment Etf:Check out IShares Oil Correlation, IShares Oil Volatility and IShares Oil Alpha and Beta module to complement your research on IShares Oil. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
IShares Oil 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.