Ishares Paris Aligned Climate Etf Market Value
| PABU Etf | USD 65.38 0.23 0.35% |
| Symbol | IShares |
The market value of iShares Paris Aligned 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 Paris' value that differs from its market value or its book value, called intrinsic value, which is IShares Paris' 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 Paris' market value can be influenced by many factors that don't directly affect IShares Paris' 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 Paris' value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Paris is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Paris' 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 Paris '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 Paris' 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 Paris.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in IShares Paris on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Paris Aligned Climate or generate 0.0% return on investment in IShares Paris over 360 days. IShares Paris is related to or competes with Invesco Dynamic, Perella Weinberg, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. The underlying index is composed of U.S. large- and mid-capitalization stocks that are selected and weighted so that, in... More
IShares Paris 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 Paris' 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 Paris Aligned Climate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.896 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.47) | |||
| Potential Upside | 1.27 |
IShares Paris Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Paris' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Paris' standard deviation. In reality, there are many statistical measures that can use IShares Paris historical prices to predict the future IShares Paris' volatility.| Risk Adjusted Performance | 0.1008 | |||
| Jensen Alpha | 0.002 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.1233 |
iShares Paris Aligned Backtested Returns
Currently, iShares Paris Aligned Climate is very steady. iShares Paris Aligned holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Paris Aligned, which you can use to evaluate the volatility of the entity. Please check out IShares Paris' Downside Deviation of 0.896, risk adjusted performance of 0.1008, and Market Risk Adjusted Performance of 0.1333 to validate if the risk estimate we provide is consistent with the expected return of 0.0961%. The etf retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Paris' returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Paris is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
iShares Paris Aligned Climate has good predictability. Overlapping area represents the amount of predictability between IShares Paris time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Paris Aligned price movement. The serial correlation of 0.68 indicates that around 68.0% of current IShares Paris price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 5.48 |
iShares Paris Aligned lagged returns against current returns
Autocorrelation, which is IShares Paris 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 Paris' etf expected returns. We can calculate the autocorrelation of IShares Paris returns to help us make a trade decision. For example, suppose you find that IShares Paris 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 Paris 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 Paris etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Paris etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Paris etf over time.
Current vs Lagged Prices |
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IShares Paris Lagged Returns
When evaluating IShares Paris' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Paris etf have on its future price. IShares Paris 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 Paris autocorrelation shows the relationship between IShares Paris etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Paris Aligned Climate.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out IShares Paris Correlation, IShares Paris Volatility and IShares Paris Alpha and Beta module to complement your research on IShares Paris. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
IShares Paris 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.