Ishares Healthcare Providers Etf Market Value
| IHF Etf | USD 53.30 0.12 0.22% |
| Symbol | IShares |
The market value of iShares Healthcare 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 Healthcare's value that differs from its market value or its book value, called intrinsic value, which is IShares Healthcare'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 Healthcare's market value can be influenced by many factors that don't directly affect IShares Healthcare'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 Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Healthcare'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 Healthcare '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 Healthcare'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 Healthcare.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in IShares Healthcare on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Healthcare Providers or generate 0.0% return on investment in IShares Healthcare over 180 days. IShares Healthcare is related to or competes with Global X, Global X, Global X, and Global X. The index measures the performance of the healthcare providers sector of the U.S More
IShares Healthcare 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 Healthcare'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 Healthcare Providers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 4.6 | |||
| Value At Risk | (1.69) | |||
| Potential Upside | 1.77 |
IShares Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Healthcare's standard deviation. In reality, there are many statistical measures that can use IShares Healthcare historical prices to predict the future IShares Healthcare's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.12) |
iShares Healthcare Backtested Returns
iShares Healthcare 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. iShares Healthcare exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Healthcare's Standard Deviation of 1.04, market risk adjusted performance of (0.11), and Risk Adjusted Performance of (0.07) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.83, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Healthcare is expected to be smaller as well.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
iShares Healthcare Providers has almost perfect reverse predictability. Overlapping area represents the amount of predictability between IShares Healthcare time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Healthcare price movement. The serial correlation of -0.8 indicates that around 80.0% of current IShares Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 3.98 |
iShares Healthcare lagged returns against current returns
Autocorrelation, which is IShares Healthcare 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 Healthcare's etf expected returns. We can calculate the autocorrelation of IShares Healthcare returns to help us make a trade decision. For example, suppose you find that IShares Healthcare 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 Healthcare 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 Healthcare etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Healthcare etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Healthcare etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Healthcare Lagged Returns
When evaluating IShares Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Healthcare etf have on its future price. IShares Healthcare 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 Healthcare autocorrelation shows the relationship between IShares Healthcare etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Healthcare Providers.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether iShares Healthcare is a strong investment it is important to analyze IShares Healthcare'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 Healthcare's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares Healthcare Correlation, IShares Healthcare Volatility and IShares Healthcare Alpha and Beta module to complement your research on IShares Healthcare. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
IShares Healthcare 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.