Ishares Industrials Etf Market Value
| IYJ Etf | USD 140.80 1.82 1.31% |
| Symbol | IShares |
The market value of iShares Industrials 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 Industrials' value that differs from its market value or its book value, called intrinsic value, which is IShares Industrials' 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 Industrials' market value can be influenced by many factors that don't directly affect IShares Industrials' 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 Industrials' value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Industrials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Industrials' 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 Industrials '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 Industrials' 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 Industrials.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in IShares Industrials on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Industrials ETF or generate 0.0% return on investment in IShares Industrials over 180 days. IShares Industrials is related to or competes with IShares Consumer, IShares Consumer, IShares Basic, IShares Utilities, and IShares Telecommunicatio. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Industrials 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 Industrials' 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 Industrials ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7301 | |||
| Information Ratio | 0.0698 | |||
| Maximum Drawdown | 5.64 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.39 |
IShares Industrials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Industrials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Industrials' standard deviation. In reality, there are many statistical measures that can use IShares Industrials historical prices to predict the future IShares Industrials' volatility.| Risk Adjusted Performance | 0.1357 | |||
| Jensen Alpha | 0.0562 | |||
| Total Risk Alpha | 0.0471 | |||
| Sortino Ratio | 0.0841 | |||
| Treynor Ratio | 0.1384 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Industrials' 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 Industrials ETF Backtested Returns
IShares Industrials is very steady at the moment. iShares Industrials ETF 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 Industrials ETF, which you can use to evaluate the volatility of the entity. Please check out IShares Industrials' Risk Adjusted Performance of 0.1357, market risk adjusted performance of 0.1484, and Downside Deviation of 0.7301 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The etf retains a Market Volatility (i.e., Beta) of 1.06, which attests to a somewhat significant risk relative to the market. IShares Industrials returns are very sensitive to returns on the market. As the market goes up or down, IShares Industrials is expected to follow.
Auto-correlation | 0.66 |
Good predictability
iShares Industrials ETF has good predictability. Overlapping area represents the amount of predictability between IShares Industrials time series from 26th of May 2024 to 24th of August 2024 and 24th of August 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 Industrials ETF price movement. The serial correlation of 0.66 indicates that around 66.0% of current IShares Industrials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 19.74 |
iShares Industrials ETF lagged returns against current returns
Autocorrelation, which is IShares Industrials 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 Industrials' etf expected returns. We can calculate the autocorrelation of IShares Industrials returns to help us make a trade decision. For example, suppose you find that IShares Industrials 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 Industrials 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 Industrials etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Industrials etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Industrials etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Industrials Lagged Returns
When evaluating IShares Industrials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Industrials etf have on its future price. IShares Industrials 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 Industrials autocorrelation shows the relationship between IShares Industrials etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Industrials ETF.
Regressed Prices |
| Timeline |
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IShares Industrials 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.