Ishares Expanded Tech Software Etf Market Value
| IGV Etf | USD 106.04 1.50 1.43% |
| Symbol | IShares |
The market value of iShares Expanded 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 Expanded's value that differs from its market value or its book value, called intrinsic value, which is IShares Expanded'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 Expanded's market value can be influenced by many factors that don't directly affect IShares Expanded'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 Expanded's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Expanded is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Expanded'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 Expanded '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 Expanded'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 Expanded.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in IShares Expanded on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Expanded Tech Software or generate 0.0% return on investment in IShares Expanded over 30 days. IShares Expanded is related to or competes with First Trust, Ultimus Managers, Horizon Kinetics, Harbor Health, American Beacon, First Trust, and Direxion Daily. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Expanded 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 Expanded'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 Expanded Tech Software upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | 0.1405 | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.32 |
IShares Expanded Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Expanded's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Expanded's standard deviation. In reality, there are many statistical measures that can use IShares Expanded historical prices to predict the future IShares Expanded's volatility.| Risk Adjusted Performance | 0.1789 | |||
| Jensen Alpha | 0.1581 | |||
| Total Risk Alpha | 0.1119 | |||
| Sortino Ratio | 0.1469 | |||
| Treynor Ratio | 0.2372 |
iShares Expanded Tech Backtested Returns
IShares Expanded appears to be very steady, given 3 months investment horizon. iShares Expanded Tech holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Expanded Tech, which you can use to evaluate the volatility of the entity. Please utilize IShares Expanded's Market Risk Adjusted Performance of 0.2472, risk adjusted performance of 0.1789, and Downside Deviation of 1.18 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.15, which attests to a somewhat significant risk relative to the market. IShares Expanded returns are very sensitive to returns on the market. As the market goes up or down, IShares Expanded is expected to follow.
Auto-correlation | 0.81 |
Very good predictability
iShares Expanded Tech Software has very good predictability. Overlapping area represents the amount of predictability between IShares Expanded time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Expanded Tech price movement. The serial correlation of 0.81 indicates that around 81.0% of current IShares Expanded price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 2.8 |
iShares Expanded Tech lagged returns against current returns
Autocorrelation, which is IShares Expanded 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 Expanded's etf expected returns. We can calculate the autocorrelation of IShares Expanded returns to help us make a trade decision. For example, suppose you find that IShares Expanded 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 Expanded 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 Expanded etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Expanded etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Expanded etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Expanded Lagged Returns
When evaluating IShares Expanded's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Expanded etf have on its future price. IShares Expanded 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 Expanded autocorrelation shows the relationship between IShares Expanded etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Expanded Tech Software.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out IShares Expanded Correlation, IShares Expanded Volatility and IShares Expanded Alpha and Beta module to complement your research on IShares Expanded. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
IShares Expanded 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.