Ishares Energy Etf Market Value
| IYE Etf | USD 47.77 0.30 0.63% |
| Symbol | IShares |
The market value of iShares Energy ETF 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 Energy's value that differs from its market value or its book value, called intrinsic value, which is IShares Energy'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 Energy's market value can be influenced by many factors that don't directly affect IShares Energy'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 Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Energy'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 Energy '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 Energy'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 Energy.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in IShares Energy on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Energy ETF or generate 0.0% return on investment in IShares Energy over 150 days. IShares Energy is related to or competes with IShares Basic, IShares Utilities, IShares Financials, IShares Healthcare, and IShares Global. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Energy 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 Energy'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 Energy ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.18 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.3 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.4 |
IShares Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Energy's standard deviation. In reality, there are many statistical measures that can use IShares Energy historical prices to predict the future IShares Energy's volatility.| Risk Adjusted Performance | 0.0308 | |||
| Jensen Alpha | (0.0005) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0884 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Energy'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 Energy ETF Backtested Returns
At this point, IShares Energy is very steady. iShares Energy ETF holds Efficiency (Sharpe) Ratio of 0.0348, which attests that the entity had a 0.0348 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Energy ETF, which you can use to evaluate the volatility of the entity. Please check out IShares Energy's Market Risk Adjusted Performance of 0.0984, downside deviation of 1.18, and Risk Adjusted Performance of 0.0308 to validate if the risk estimate we provide is consistent with the expected return of 0.0387%. The etf retains a Market Volatility (i.e., Beta) of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Energy is expected to be smaller as well.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
iShares Energy ETF has almost perfect reverse predictability. Overlapping area represents the amount of predictability between IShares Energy time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st of January 2025. 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 Energy ETF price movement. The serial correlation of -0.76 indicates that around 76.0% of current IShares Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 3.72 |
iShares Energy ETF lagged returns against current returns
Autocorrelation, which is IShares Energy 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 Energy's etf expected returns. We can calculate the autocorrelation of IShares Energy returns to help us make a trade decision. For example, suppose you find that IShares Energy 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 Energy 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 Energy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Energy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Energy etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Energy Lagged Returns
When evaluating IShares Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Energy etf have on its future price. IShares Energy 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 Energy autocorrelation shows the relationship between IShares Energy etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Energy ETF.
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 Energy ETF is a strong investment it is important to analyze IShares Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IShares Energy's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares Energy Correlation, IShares Energy Volatility and IShares Energy Alpha and Beta module to complement your research on IShares Energy. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
IShares Energy 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.