ISharesUBS Treasury (Australia) Market Value
| IGB Etf | 97.35 0.17 0.17% |
| Symbol | ISharesUBS |
ISharesUBS Treasury '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 ISharesUBS Treasury'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 ISharesUBS Treasury.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in ISharesUBS Treasury on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding iSharesUBS Treasury or generate 0.0% return on investment in ISharesUBS Treasury over 720 days. ISharesUBS Treasury is related to or competes with IShares MSCI, and VanEck Vectors. ISharesUBS Treasury is entity of Australia More
ISharesUBS Treasury 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 ISharesUBS Treasury'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 iSharesUBS Treasury upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.63) | |||
| Maximum Drawdown | 1.16 | |||
| Value At Risk | (0.38) | |||
| Potential Upside | 0.4159 |
ISharesUBS Treasury Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISharesUBS Treasury's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISharesUBS Treasury's standard deviation. In reality, there are many statistical measures that can use ISharesUBS Treasury historical prices to predict the future ISharesUBS Treasury's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 5.38 |
iSharesUBS Treasury Backtested Returns
iSharesUBS Treasury holds Efficiency (Sharpe) Ratio of -0.0644, which attests that the entity had a -0.0644% return per unit of risk over the last 3 months. iSharesUBS Treasury exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ISharesUBS Treasury's Market Risk Adjusted Performance of 5.39, standard deviation of 0.2546, and Risk Adjusted Performance of (0.11) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0074, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ISharesUBS Treasury are expected to decrease at a much lower rate. During the bear market, ISharesUBS Treasury is likely to outperform the market.
Auto-correlation | -0.42 |
Modest reverse predictability
iSharesUBS Treasury has modest reverse predictability. Overlapping area represents the amount of predictability between ISharesUBS Treasury time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 iSharesUBS Treasury price movement. The serial correlation of -0.42 indicates that just about 42.0% of current ISharesUBS Treasury price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.62 |
iSharesUBS Treasury lagged returns against current returns
Autocorrelation, which is ISharesUBS Treasury 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 ISharesUBS Treasury's etf expected returns. We can calculate the autocorrelation of ISharesUBS Treasury returns to help us make a trade decision. For example, suppose you find that ISharesUBS Treasury 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 |
ISharesUBS Treasury 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 ISharesUBS Treasury etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISharesUBS Treasury etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISharesUBS Treasury etf over time.
Current vs Lagged Prices |
| Timeline |
ISharesUBS Treasury Lagged Returns
When evaluating ISharesUBS Treasury's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISharesUBS Treasury etf have on its future price. ISharesUBS Treasury 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, ISharesUBS Treasury autocorrelation shows the relationship between ISharesUBS Treasury etf current value and its past values and can show if there is a momentum factor associated with investing in iSharesUBS Treasury.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in ISharesUBS Etf
ISharesUBS Treasury financial ratios help investors to determine whether ISharesUBS Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in ISharesUBS with respect to the benefits of owning ISharesUBS Treasury security.