IShares Healthcare's market value is the price at which a share of IShares Healthcare trades on a public exchange. It measures the collective expectations of iShares Healthcare Innovation investors about its performance. IShares Healthcare is trading at 2859.00 as of the 2nd of December 2024, a 0.39 percent increase since the beginning of the trading day. The etf's open price was 2848.0. With this module, you can estimate the performance of a buy and hold strategy of iShares Healthcare Innovation and determine expected loss or profit from investing in IShares Healthcare over a given investment horizon. Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in census.
Symbol
IShares
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.
0.00
05/06/2024
No Change 0.00
0.0
In 6 months and 30 days
12/02/2024
0.00
If you would invest 0.00 in IShares Healthcare on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Healthcare Innovation or generate 0.0% return on investment in IShares Healthcare over 210 days.
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 Innovation upside and downside potential and time the market with a certain degree of confidence.
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.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as IShares Healthcare. Your research has to be compared to or analyzed against IShares Healthcare's peers to derive any actionable benefits. When done correctly, IShares Healthcare's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in iShares Healthcare.
iShares Healthcare Backtested Returns
iShares Healthcare holds Efficiency (Sharpe) Ratio of -0.0648, which attests that the entity had a -0.0648% return per unit of risk over the last 3 months. iShares Healthcare exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Healthcare's Risk Adjusted Performance of 0.0133, market risk adjusted performance of 0.0346, and Downside Deviation of 1.85 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. 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
-0.7
Very good reverse predictability
iShares Healthcare Innovation has very good reverse predictability. Overlapping area represents the amount of predictability between IShares Healthcare time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 -0.7 indicates that around 70.0% of current IShares Healthcare price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.7
Spearman Rank Test
0.15
Residual Average
0.0
Price Variance
3678.6
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 Innovation.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.