Ishares Medical Devices Etf Market Value
| IHI Etf | USD 60.35 0.05 0.08% |
| Symbol | IShares |
The market value of iShares Medical Devices 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 Medical's value that differs from its market value or its book value, called intrinsic value, which is IShares Medical'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 Medical's market value can be influenced by many factors that don't directly affect IShares Medical'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 Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Medical'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 Medical '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 Medical'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 Medical.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in IShares Medical on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Medical Devices or generate 0.0% return on investment in IShares Medical over 180 days. IShares Medical is related to or competes with Global X, Global X, Global X, and Global X. The fund will invest at least 80 percent of its assets in the component securities of the index and in investments that ... More
IShares Medical 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 Medical'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 Medical Devices upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6891 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.65 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.12 |
IShares Medical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Medical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Medical's standard deviation. In reality, there are many statistical measures that can use IShares Medical historical prices to predict the future IShares Medical's volatility.| Risk Adjusted Performance | 0.0753 | |||
| Jensen Alpha | 0.0172 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1347 |
iShares Medical Devices Backtested Returns
IShares Medical is very steady at the moment. iShares Medical Devices holds Efficiency (Sharpe) Ratio of 0.0879, which attests that the entity had a 0.0879% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Medical Devices, which you can use to evaluate the volatility of the entity. Please check out IShares Medical's Downside Deviation of 0.6891, risk adjusted performance of 0.0753, and Market Risk Adjusted Performance of 0.1447 to validate if the risk estimate we provide is consistent with the expected return of 0.0683%. The etf retains a Market Volatility (i.e., Beta) of 0.49, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Medical's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Medical is expected to be smaller as well.
Auto-correlation | 0.45 |
Average predictability
iShares Medical Devices has average predictability. Overlapping area represents the amount of predictability between IShares Medical 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 Medical Devices price movement. The serial correlation of 0.45 indicates that just about 45.0% of current IShares Medical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
iShares Medical Devices lagged returns against current returns
Autocorrelation, which is IShares Medical 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 Medical's etf expected returns. We can calculate the autocorrelation of IShares Medical returns to help us make a trade decision. For example, suppose you find that IShares Medical 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 Medical 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 Medical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Medical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Medical etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Medical Lagged Returns
When evaluating IShares Medical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Medical etf have on its future price. IShares Medical 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 Medical autocorrelation shows the relationship between IShares Medical etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Medical Devices.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether iShares Medical Devices offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Medical'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 Medical Devices Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Medical Devices Etf:Check out IShares Medical Correlation, IShares Medical Volatility and IShares Medical Alpha and Beta module to complement your research on IShares Medical. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
IShares Medical 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.