Ishares Lithium Miners Etf Market Value
| ILIT Etf | 10.89 0.34 3.03% |
| Symbol | IShares |
The market value of iShares Lithium Miners 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 Lithium's value that differs from its market value or its book value, called intrinsic value, which is IShares Lithium'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 Lithium's market value can be influenced by many factors that don't directly affect IShares Lithium'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 Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Lithium'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 Lithium '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 Lithium'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 Lithium.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in IShares Lithium on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Lithium Miners or generate 0.0% return on investment in IShares Lithium over 30 days. IShares Lithium is related to or competes with First Trust, Ultimus Managers, Horizon Kinetics, Harbor Health, American Beacon, First Trust, and Direxion Daily. IShares Lithium is entity of United States More
IShares Lithium 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 Lithium'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 Lithium Miners upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0275 | |||
| Maximum Drawdown | 15.47 | |||
| Value At Risk | (3.81) | |||
| Potential Upside | 7.22 |
IShares Lithium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Lithium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Lithium's standard deviation. In reality, there are many statistical measures that can use IShares Lithium historical prices to predict the future IShares Lithium's volatility.| Risk Adjusted Performance | 0.0604 | |||
| Jensen Alpha | 0.2462 | |||
| Total Risk Alpha | (0.28) | |||
| Sortino Ratio | 0.0331 | |||
| Treynor Ratio | (0.57) |
iShares Lithium Miners Backtested Returns
IShares Lithium appears to be somewhat reliable, given 3 months investment horizon. iShares Lithium Miners holds Efficiency (Sharpe) Ratio of 0.0713, which attests that the entity had a 0.0713% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Lithium Miners, which you can use to evaluate the volatility of the entity. Please utilize IShares Lithium's Risk Adjusted Performance of 0.0604, downside deviation of 2.57, and Market Risk Adjusted Performance of (0.56) to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of -0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IShares Lithium are expected to decrease at a much lower rate. During the bear market, IShares Lithium is likely to outperform the market.
Auto-correlation | 0.15 |
Insignificant predictability
iShares Lithium Miners has insignificant predictability. Overlapping area represents the amount of predictability between IShares Lithium time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Lithium Miners price movement. The serial correlation of 0.15 indicates that less than 15.0% of current IShares Lithium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
iShares Lithium Miners lagged returns against current returns
Autocorrelation, which is IShares Lithium 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 Lithium's etf expected returns. We can calculate the autocorrelation of IShares Lithium returns to help us make a trade decision. For example, suppose you find that IShares Lithium 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 Lithium 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 Lithium etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Lithium etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Lithium etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Lithium Lagged Returns
When evaluating IShares Lithium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Lithium etf have on its future price. IShares Lithium 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 Lithium autocorrelation shows the relationship between IShares Lithium etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Lithium Miners.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out IShares Lithium Correlation, IShares Lithium Volatility and IShares Lithium Alpha and Beta module to complement your research on IShares Lithium. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
IShares Lithium 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.