Ishares National Muni Etf Market Value
| MUB Etf | USD 106.54 0.17 0.16% |
| Symbol | IShares |
The market value of iShares National Muni 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 National's value that differs from its market value or its book value, called intrinsic value, which is IShares National'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 National's market value can be influenced by many factors that don't directly affect IShares National'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 National's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares National is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares National'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 National '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 National'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 National.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in IShares National on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding iShares National Muni or generate 0.0% return on investment in IShares National over 30 days. IShares National is related to or competes with IShares JP, IShares IBoxx, SPDR Nuveen, VanEck High, and IShares MBS. The fund will invest at least 80 percent of its assets in the component securities of the underlying index and it will i... More
IShares National 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 National'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 National Muni upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3382 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.65 | |||
| Value At Risk | (0.42) | |||
| Potential Upside | 0.508 |
IShares National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares National's standard deviation. In reality, there are many statistical measures that can use IShares National historical prices to predict the future IShares National's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.22) | |||
| Treynor Ratio | (0.06) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares National'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 National Muni Backtested Returns
iShares National Muni holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. iShares National Muni exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares National's Market Risk Adjusted Performance of (0.05), insignificant risk adjusted performance, and Downside Deviation of 0.3382 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0736, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares National's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares National is expected to be smaller as well.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
iShares National Muni has almost perfect reverse predictability. Overlapping area represents the amount of predictability between IShares National time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 National Muni price movement. The serial correlation of -0.72 indicates that around 72.0% of current IShares National price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
iShares National Muni lagged returns against current returns
Autocorrelation, which is IShares National 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 National's etf expected returns. We can calculate the autocorrelation of IShares National returns to help us make a trade decision. For example, suppose you find that IShares National 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 National 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 National etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares National etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares National etf over time.
Current vs Lagged Prices |
| Timeline |
IShares National Lagged Returns
When evaluating IShares National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares National etf have on its future price. IShares National 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 National autocorrelation shows the relationship between IShares National etf current value and its past values and can show if there is a momentum factor associated with investing in iShares National Muni.
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 National Muni offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares National'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 National Muni Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares National Muni Etf:Check out IShares National Correlation, IShares National Volatility and IShares National Alpha and Beta module to complement your research on IShares National. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
IShares National 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.