Ishares Telecommunications Etf Market Value
| IYZ Etf | USD 27.18 0.23 0.85% |
| Symbol | IShares |
The market value of IShares Telecommunicatio 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 Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is IShares Telecommunicatio'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 Telecommunicatio's market value can be influenced by many factors that don't directly affect IShares Telecommunicatio'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 Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Telecommunicatio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Telecommunicatio'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 Telecommunicatio '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 Telecommunicatio'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 Telecommunicatio.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in IShares Telecommunicatio on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Telecommunications ETF or generate 0.0% return on investment in IShares Telecommunicatio over 30 days. IShares Telecommunicatio is related to or competes with IShares Consumer, IShares Industrials, IShares Utilities, IShares Consumer, and IShares Basic. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Telecommunicatio 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 Telecommunicatio'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 Telecommunications ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6496 | |||
| Information Ratio | 0.1723 | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.44 |
IShares Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use IShares Telecommunicatio historical prices to predict the future IShares Telecommunicatio's volatility.| Risk Adjusted Performance | 0.2349 | |||
| Jensen Alpha | 0.1573 | |||
| Total Risk Alpha | 0.1335 | |||
| Sortino Ratio | 0.2153 | |||
| Treynor Ratio | 0.2902 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Telecommunicatio'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 Telecommunicatio Backtested Returns
IShares Telecommunicatio appears to be very steady, given 3 months investment horizon. IShares Telecommunicatio holds Efficiency (Sharpe) Ratio of 0.29, which attests that the entity had a 0.29% return per unit of risk over the last 3 months. We have found thirty technical indicators for IShares Telecommunicatio, which you can use to evaluate the volatility of the entity. Please utilize IShares Telecommunicatio's Market Risk Adjusted Performance of 0.3002, risk adjusted performance of 0.2349, and Downside Deviation of 0.6496 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.82, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Telecommunicatio's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Telecommunicatio is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
iShares Telecommunications ETF has virtually no predictability. Overlapping area represents the amount of predictability between IShares Telecommunicatio 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 Telecommunicatio price movement. The serial correlation of 0.01 indicates that just 1.0% of current IShares Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
IShares Telecommunicatio lagged returns against current returns
Autocorrelation, which is IShares Telecommunicatio 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 Telecommunicatio's etf expected returns. We can calculate the autocorrelation of IShares Telecommunicatio returns to help us make a trade decision. For example, suppose you find that IShares Telecommunicatio 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 |
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IShares Telecommunicatio 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 Telecommunicatio etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Telecommunicatio etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Telecommunicatio etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Telecommunicatio Lagged Returns
When evaluating IShares Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Telecommunicatio etf have on its future price. IShares Telecommunicatio 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 Telecommunicatio autocorrelation shows the relationship between IShares Telecommunicatio etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Telecommunications ETF.
Regressed Prices |
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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 Telecommunicatio offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Telecommunicatio'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 Telecommunications Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Telecommunications Etf:Check out IShares Telecommunicatio Correlation, IShares Telecommunicatio Volatility and IShares Telecommunicatio Alpha and Beta module to complement your research on IShares Telecommunicatio. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
IShares Telecommunicatio 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.