Ishares Nasdaq Top Etf Market Value
| QTOP Etf | 25.38 0.27 1.05% |
| Symbol | IShares |
The market value of iShares Nasdaq Top 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 Nasdaq's value that differs from its market value or its book value, called intrinsic value, which is IShares Nasdaq'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 Nasdaq's market value can be influenced by many factors that don't directly affect IShares Nasdaq'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 Nasdaq's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Nasdaq is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Nasdaq'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 Nasdaq '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 Nasdaq'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 Nasdaq.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in IShares Nasdaq on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Nasdaq Top or generate 0.0% return on investment in IShares Nasdaq over 540 days. IShares Nasdaq is related to or competes with Vanguard Growth, IShares Russell, IShares SP, IShares Core, Vanguard Mega, Vanguard Russell, and IShares MSCI. IShares Nasdaq is entity of United States More
IShares Nasdaq 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 Nasdaq'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 Nasdaq Top upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.1 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.69 |
IShares Nasdaq Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Nasdaq's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Nasdaq's standard deviation. In reality, there are many statistical measures that can use IShares Nasdaq historical prices to predict the future IShares Nasdaq's volatility.| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.0583 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.4872 |
iShares Nasdaq Top Backtested Returns
Currently, iShares Nasdaq Top is very steady. iShares Nasdaq Top holds Efficiency (Sharpe) Ratio of 0.0734, which attests that the entity had a 0.0734% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Nasdaq Top, which you can use to evaluate the volatility of the entity. Please check out IShares Nasdaq's Downside Deviation of 1.1, market risk adjusted performance of 0.4972, and Risk Adjusted Performance of 0.0633 to validate if the risk estimate we provide is consistent with the expected return of 0.0828%. The etf retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Nasdaq's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Nasdaq is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
iShares Nasdaq Top has no correlation between past and present. Overlapping area represents the amount of predictability between IShares Nasdaq time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 Nasdaq Top price movement. The serial correlation of 0.0 indicates that just 0.0% of current IShares Nasdaq price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
iShares Nasdaq Top lagged returns against current returns
Autocorrelation, which is IShares Nasdaq 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 Nasdaq's etf expected returns. We can calculate the autocorrelation of IShares Nasdaq returns to help us make a trade decision. For example, suppose you find that IShares Nasdaq 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 Nasdaq 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 Nasdaq etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Nasdaq etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Nasdaq etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Nasdaq Lagged Returns
When evaluating IShares Nasdaq's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Nasdaq etf have on its future price. IShares Nasdaq 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 Nasdaq autocorrelation shows the relationship between IShares Nasdaq etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Nasdaq Top.
Regressed Prices |
| Timeline |
Pair Trading with IShares Nasdaq
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IShares Nasdaq position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares Nasdaq will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to IShares Nasdaq could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Nasdaq when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Nasdaq - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Nasdaq Top to buy it.
The correlation of IShares Nasdaq is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Nasdaq moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Nasdaq Top moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IShares Nasdaq can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out IShares Nasdaq Correlation, IShares Nasdaq Volatility and IShares Nasdaq Alpha and Beta module to complement your research on IShares Nasdaq. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
IShares Nasdaq 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.