Ishares New York Etf Market Value
| NYF Etf | USD 53.96 0.12 0.22% |
| Symbol | IShares |
The market value of iShares New York 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 New's value that differs from its market value or its book value, called intrinsic value, which is IShares New'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 New's market value can be influenced by many factors that don't directly affect IShares New'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 New's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares New'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 New '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 New'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 New.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in IShares New on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding iShares New York or generate 0.0% return on investment in IShares New over 510 days. IShares New is related to or competes with IShares California, IShares Intermediate, IShares Agency, and IShares Short. The fund will invest at least 80 percent of its assets in the component securities of the index, and it will invest at l... More
IShares New 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 New'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 New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3113 | |||
| Information Ratio | (0.50) | |||
| Maximum Drawdown | 1.62 | |||
| Value At Risk | (0.37) | |||
| Potential Upside | 0.2805 |
IShares New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares New's standard deviation. In reality, there are many statistical measures that can use IShares New historical prices to predict the future IShares New's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | 0.01 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.39) | |||
| Treynor Ratio | 0.0271 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares New'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 New York Backtested Returns
At this point, IShares New is very steady. iShares New York holds Efficiency (Sharpe) Ratio of 0.0411, which attests that the entity had a 0.0411% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares New York, which you can use to evaluate the volatility of the entity. Please check out IShares New's Risk Adjusted Performance of 8.0E-4, downside deviation of 0.3113, and Market Risk Adjusted Performance of 0.0371 to validate if the risk estimate we provide is consistent with the expected return of 0.0102%. The etf retains a Market Volatility (i.e., Beta) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares New are expected to decrease at a much lower rate. During the bear market, IShares New is likely to outperform the market.
Auto-correlation | 0.62 |
Good predictability
iShares New York has good predictability. Overlapping area represents the amount of predictability between IShares New time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 New York price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current IShares New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
iShares New York lagged returns against current returns
Autocorrelation, which is IShares New 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 New's etf expected returns. We can calculate the autocorrelation of IShares New returns to help us make a trade decision. For example, suppose you find that IShares New 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 New 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 New etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares New etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares New etf over time.
Current vs Lagged Prices |
| Timeline |
IShares New Lagged Returns
When evaluating IShares New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares New etf have on its future price. IShares New 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 New autocorrelation shows the relationship between IShares New etf current value and its past values and can show if there is a momentum factor associated with investing in iShares New York.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether iShares New York is a strong investment it is important to analyze IShares New'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 New's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares New Correlation, IShares New Volatility and IShares New Alpha and Beta module to complement your research on IShares New. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
IShares New 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.