Ishares North American Etf Market Value
| IGE Etf | USD 48.01 0.20 0.42% |
| Symbol | IShares |
The market value of iShares North American 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 North's value that differs from its market value or its book value, called intrinsic value, which is IShares North'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 North's market value can be influenced by many factors that don't directly affect IShares North'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 North's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares North is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares North'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 North '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 North'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 North.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in IShares North on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding iShares North American or generate 0.0% return on investment in IShares North over 720 days. IShares North is related to or competes with Sprott Junior, Sprott Junior, and Sprott Nickel. The fund generally invests at least 80 percent of its assets in the component securities of its underlying index and in ... More
IShares North 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 North'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 North American upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0144 | |||
| Maximum Drawdown | 4.6 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 1.58 |
IShares North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares North's standard deviation. In reality, there are many statistical measures that can use IShares North historical prices to predict the future IShares North's volatility.| Risk Adjusted Performance | 0.114 | |||
| Jensen Alpha | 0.0433 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0133 | |||
| Treynor Ratio | 0.1778 |
iShares North American Backtested Returns
At this point, IShares North is very steady. iShares North American holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares North American, which you can use to evaluate the volatility of the entity. Please check out IShares North's Downside Deviation of 1.07, market risk adjusted performance of 0.1878, and Risk Adjusted Performance of 0.114 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of 0.76, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares North's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares North is expected to be smaller as well.
Auto-correlation | -0.06 |
Very weak reverse predictability
iShares North American has very weak reverse predictability. Overlapping area represents the amount of predictability between IShares North time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 North American price movement. The serial correlation of -0.06 indicates that barely 6.0% of current IShares North price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 5.91 |
iShares North American lagged returns against current returns
Autocorrelation, which is IShares North 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 North's etf expected returns. We can calculate the autocorrelation of IShares North returns to help us make a trade decision. For example, suppose you find that IShares North 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 North 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 North etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares North etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares North etf over time.
Current vs Lagged Prices |
| Timeline |
IShares North Lagged Returns
When evaluating IShares North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares North etf have on its future price. IShares North 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 North autocorrelation shows the relationship between IShares North etf current value and its past values and can show if there is a momentum factor associated with investing in iShares North American.
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 North American is a strong investment it is important to analyze IShares North's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IShares North's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares North Correlation, IShares North Volatility and IShares North Alpha and Beta module to complement your research on IShares North. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
IShares North 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.