Ishares Financial Services Etf Market Value
| IYG Etf | USD 80.47 1.00 1.26% |
| Symbol | IShares |
The market value of iShares Financial 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 Financial's value that differs from its market value or its book value, called intrinsic value, which is IShares Financial'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 Financial's market value can be influenced by many factors that don't directly affect IShares Financial'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 Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Financial'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 Financial '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 Financial'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 Financial.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in IShares Financial on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Financial Services or generate 0.0% return on investment in IShares Financial over 30 days. IShares Financial is related to or competes with Vanguard Industrials, Vanguard Consumer, Vanguard Materials, Vanguard Health, and Vanguard Consumer. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Financial 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 Financial'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 Financial Services upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7868 | |||
| Information Ratio | 0.1073 | |||
| Maximum Drawdown | 9.3 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.78 |
IShares Financial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Financial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Financial's standard deviation. In reality, there are many statistical measures that can use IShares Financial historical prices to predict the future IShares Financial's volatility.| Risk Adjusted Performance | 0.1427 | |||
| Jensen Alpha | 0.101 | |||
| Total Risk Alpha | 0.0778 | |||
| Sortino Ratio | 0.1691 | |||
| Treynor Ratio | 0.1588 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Financial'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 Financial Backtested Returns
IShares Financial appears to be very steady, given 3 months investment horizon. iShares Financial holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Financial, which you can use to evaluate the volatility of the entity. Please utilize IShares Financial's Risk Adjusted Performance of 0.1427, market risk adjusted performance of 0.1688, and Downside Deviation of 0.7868 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.38, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, IShares Financial will likely underperform.
Auto-correlation | 0.28 |
Poor predictability
iShares Financial Services has poor predictability. Overlapping area represents the amount of predictability between IShares Financial time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 Financial price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current IShares Financial price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.28 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
iShares Financial lagged returns against current returns
Autocorrelation, which is IShares Financial 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 Financial's etf expected returns. We can calculate the autocorrelation of IShares Financial returns to help us make a trade decision. For example, suppose you find that IShares Financial 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 Financial 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 Financial etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Financial etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Financial etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Financial Lagged Returns
When evaluating IShares Financial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Financial etf have on its future price. IShares Financial 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 Financial autocorrelation shows the relationship between IShares Financial etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Financial Services.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether iShares Financial is a strong investment it is important to analyze IShares Financial'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 Financial's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares Financial Correlation, IShares Financial Volatility and IShares Financial Alpha and Beta module to complement your research on IShares Financial. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
IShares Financial 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.