Ishares Preferred And Etf Market Value
| PFF Etf | USD 32.70 0.06 0.18% |
| Symbol | IShares |
The market value of iShares Preferred 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 Preferred's value that differs from its market value or its book value, called intrinsic value, which is IShares Preferred'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 Preferred's market value can be influenced by many factors that don't directly affect IShares Preferred'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 Preferred's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Preferred is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Preferred'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 Preferred '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 Preferred'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 Preferred.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in IShares Preferred on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Preferred and or generate 0.0% return on investment in IShares Preferred over 30 days. IShares Preferred is related to or competes with ETF Series, Morningstar Unconstrained, High-yield Municipal, Thrivent High, Via Renewables, T Rowe, and Jpmorgan Smartretirement*. The fund may invest at least 80 percent of its assets in the component securities of its underlying index and in investm... More
IShares Preferred 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 Preferred'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 Preferred and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4824 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 1.91 | |||
| Value At Risk | (0.85) | |||
| Potential Upside | 0.7927 |
IShares Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Preferred's standard deviation. In reality, there are many statistical measures that can use IShares Preferred historical prices to predict the future IShares Preferred's volatility.| Risk Adjusted Performance | 0.0653 | |||
| Jensen Alpha | 0.0199 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.2398 |
iShares Preferred Backtested Returns
At this point, IShares Preferred is very steady. iShares Preferred holds Efficiency (Sharpe) Ratio of 0.0901, which attests that the entity had a 0.0901% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Preferred, which you can use to evaluate the volatility of the entity. Please check out IShares Preferred's Risk Adjusted Performance of 0.0653, downside deviation of 0.4824, and Market Risk Adjusted Performance of 0.2498 to validate if the risk estimate we provide is consistent with the expected return of 0.0422%. The etf retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Preferred is expected to be smaller as well.
Auto-correlation | 0.03 |
Virtually no predictability
iShares Preferred and has virtually no predictability. Overlapping area represents the amount of predictability between IShares Preferred time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Preferred price movement. The serial correlation of 0.03 indicates that only 3.0% of current IShares Preferred price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.03 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
iShares Preferred lagged returns against current returns
Autocorrelation, which is IShares Preferred 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 Preferred's etf expected returns. We can calculate the autocorrelation of IShares Preferred returns to help us make a trade decision. For example, suppose you find that IShares Preferred 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 Preferred 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 Preferred etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Preferred etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Preferred etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Preferred Lagged Returns
When evaluating IShares Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Preferred etf have on its future price. IShares Preferred 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 Preferred autocorrelation shows the relationship between IShares Preferred etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Preferred and.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether iShares Preferred is a strong investment it is important to analyze IShares Preferred'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 Preferred's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares Preferred Correlation, IShares Preferred Volatility and IShares Preferred Alpha and Beta module to complement your research on IShares Preferred. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
IShares Preferred 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.