Iq Candriam Esg Etf Market Value
| IQSM Etf | USD 35.17 0.04 0.11% |
| Symbol | IQSM |
The market value of Iq Candriam ESG is measured differently than its book value, which is the value of IQSM that is recorded on the company's balance sheet. Investors also form their own opinion of Iq Candriam's value that differs from its market value or its book value, called intrinsic value, which is Iq Candriam'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 Iq Candriam's market value can be influenced by many factors that don't directly affect Iq Candriam'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 Iq Candriam's value and its price as these two are different measures arrived at by different means. Investors typically determine if Iq Candriam is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iq Candriam'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.
Iq Candriam '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 Iq Candriam'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 Iq Candriam.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Iq Candriam on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Iq Candriam ESG or generate 0.0% return on investment in Iq Candriam over 180 days. Iq Candriam is related to or competes with JPMorgan Fundamental, Vanguard Mid, SPDR SP, SPDR SP, Direxion Daily, DBX ETF, and Nuveen ESG. Iq Candriam is entity of United States. It is traded as Etf on NYSE ARCA exchange. More
Iq Candriam 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 Iq Candriam'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 Iq Candriam ESG upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.854 | |||
| Information Ratio | 0.0183 | |||
| Maximum Drawdown | 4.18 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.67 |
Iq Candriam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Iq Candriam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Iq Candriam's standard deviation. In reality, there are many statistical measures that can use Iq Candriam historical prices to predict the future Iq Candriam's volatility.| Risk Adjusted Performance | 0.1357 | |||
| Jensen Alpha | 0.015 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0187 | |||
| Treynor Ratio | 0.1425 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Iq Candriam's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Iq Candriam ESG Backtested Returns
As of now, IQSM Etf is very steady. Iq Candriam ESG retains Efficiency (Sharpe Ratio) of 0.21, which attests that the entity had a 0.21% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for Iq Candriam, which you can use to evaluate the volatility of the entity. Please check out Iq Candriam's Semi Deviation of 0.6252, standard deviation of 0.8735, and Market Risk Adjusted Performance of 0.1525 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The etf owns a Beta (Systematic Risk) of 1.01, which attests to a somewhat significant risk relative to the market. Iq Candriam returns are very sensitive to returns on the market. As the market goes up or down, Iq Candriam is expected to follow.
Auto-correlation | 0.59 |
Modest predictability
Iq Candriam ESG has modest predictability. Overlapping area represents the amount of predictability between Iq Candriam time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Iq Candriam ESG price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Iq Candriam price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 1.19 |
Iq Candriam ESG lagged returns against current returns
Autocorrelation, which is Iq Candriam 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 Iq Candriam's etf expected returns. We can calculate the autocorrelation of Iq Candriam returns to help us make a trade decision. For example, suppose you find that Iq Candriam 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 |
Iq Candriam 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 Iq Candriam etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Iq Candriam etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Iq Candriam etf over time.
Current vs Lagged Prices |
| Timeline |
Iq Candriam Lagged Returns
When evaluating Iq Candriam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Iq Candriam etf have on its future price. Iq Candriam 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, Iq Candriam autocorrelation shows the relationship between Iq Candriam etf current value and its past values and can show if there is a momentum factor associated with investing in Iq Candriam ESG.
Regressed Prices |
| Timeline |
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Iq Candriam 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.