IShares SPASX (Australia) Market Value
| ISO Etf | 4.87 0.02 0.41% |
| Symbol | IShares |
IShares SPASX '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 SPASX'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 SPASX.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in IShares SPASX on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding iShares SPASX Small or generate 0.0% return on investment in IShares SPASX over 180 days. IShares SPASX is related to or competes with SPDR SP, Vanguard Total, IShares Core, IShares Core, VanEck Vectors, VanEck Morningstar, and IShares Global. IShares SPASX is entity of Australia. It is traded as Etf on AU exchange. More
IShares SPASX 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 SPASX'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 SPASX Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8736 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.29 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.57 |
IShares SPASX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares SPASX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares SPASX's standard deviation. In reality, there are many statistical measures that can use IShares SPASX historical prices to predict the future IShares SPASX's volatility.| Risk Adjusted Performance | 0.0772 | |||
| Jensen Alpha | 0.0639 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.903 |
iShares SPASX Small Backtested Returns
Currently, iShares SPASX Small is not too volatile. iShares SPASX Small holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares SPASX Small, which you can use to evaluate the volatility of the entity. Please check out IShares SPASX's Risk Adjusted Performance of 0.0772, market risk adjusted performance of 0.913, and Downside Deviation of 0.8736 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The etf retains a Market Volatility (i.e., Beta) of 0.0816, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares SPASX's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares SPASX is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
iShares SPASX Small has poor predictability. Overlapping area represents the amount of predictability between IShares SPASX time series from 31st of May 2024 to 29th of August 2024 and 29th of August 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 SPASX Small price movement. The serial correlation of 0.25 indicates that over 25.0% of current IShares SPASX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
iShares SPASX Small lagged returns against current returns
Autocorrelation, which is IShares SPASX 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 SPASX's etf expected returns. We can calculate the autocorrelation of IShares SPASX returns to help us make a trade decision. For example, suppose you find that IShares SPASX 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 SPASX 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 SPASX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares SPASX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares SPASX etf over time.
Current vs Lagged Prices |
| Timeline |
IShares SPASX Lagged Returns
When evaluating IShares SPASX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares SPASX etf have on its future price. IShares SPASX 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 SPASX autocorrelation shows the relationship between IShares SPASX etf current value and its past values and can show if there is a momentum factor associated with investing in iShares SPASX Small.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in IShares Etf
IShares SPASX financial ratios help investors to determine whether IShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IShares with respect to the benefits of owning IShares SPASX security.