Ishares Home Construction Etf Market Value
| ITB Etf | USD 123.76 2.67 2.11% |
| Symbol | IShares |
The market value of iShares Home Construction 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 Home's value that differs from its market value or its book value, called intrinsic value, which is IShares Home'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 Home's market value can be influenced by many factors that don't directly affect IShares Home'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 Home's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Home is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Home'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 Home '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 Home'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 Home.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in IShares Home on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Home Construction or generate 0.0% return on investment in IShares Home over 30 days. IShares Home is related to or competes with SPDR SP, SPDR SP, IShares Transportation, IShares Real, and SPDR SP. The index measures the performance of the home construction sector of the U.S More
IShares Home 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 Home'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 Home Construction upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.57 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.43 | |||
| Value At Risk | (2.81) | |||
| Potential Upside | 2.26 |
IShares Home Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Home's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Home's standard deviation. In reality, there are many statistical measures that can use IShares Home historical prices to predict the future IShares Home's volatility.| Risk Adjusted Performance | 0.0315 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0657 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Home'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.
iShares Home Construction Backtested Returns
At this point, IShares Home is very steady. iShares Home Construction holds Efficiency (Sharpe) Ratio of 0.044, which attests that the entity had a 0.044% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Home Construction, which you can use to evaluate the volatility of the entity. Please check out IShares Home's Risk Adjusted Performance of 0.0315, market risk adjusted performance of 0.0757, and Downside Deviation of 1.57 to validate if the risk estimate we provide is consistent with the expected return of 0.0687%. The etf retains a Market Volatility (i.e., Beta) of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Home's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Home is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
iShares Home Construction has modest predictability. Overlapping area represents the amount of predictability between IShares Home 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 Home Construction price movement. The serial correlation of 0.54 indicates that about 54.0% of current IShares Home price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 8.04 |
iShares Home Construction lagged returns against current returns
Autocorrelation, which is IShares Home 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 Home's etf expected returns. We can calculate the autocorrelation of IShares Home returns to help us make a trade decision. For example, suppose you find that IShares Home 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 Home 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 Home etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Home etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Home etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Home Lagged Returns
When evaluating IShares Home's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Home etf have on its future price. IShares Home 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 Home autocorrelation shows the relationship between IShares Home etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Home Construction.
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.When determining whether iShares Home Construction offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Home'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 Home Construction Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Home Construction Etf:Check out IShares Home Correlation, IShares Home Volatility and IShares Home Alpha and Beta module to complement your research on IShares Home. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
IShares Home 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.