IShares Automation (UK) Market Value
| RBOT Etf | 14.26 0.10 0.71% |
| Symbol | IShares |
IShares Automation '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 Automation'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 Automation.
| 09/02/2024 |
| 12/01/2024 |
If you would invest 0.00 in IShares Automation on September 2, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Automation Robotics or generate 0.0% return on investment in IShares Automation over 90 days. IShares Automation is related to or competes with Vanguard FTSE, Leverage Shares, Amundi Index, Amundi Index, Albion Venture, Leverage Shares, and Leverage Shares. IShares Automation is entity of United Kingdom More
IShares Automation 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 Automation'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 Automation Robotics upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.28 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 5.4 | |||
| Value At Risk | (1.82) | |||
| Potential Upside | 1.96 |
IShares Automation Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Automation's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Automation's standard deviation. In reality, there are many statistical measures that can use IShares Automation historical prices to predict the future IShares Automation's volatility.| Risk Adjusted Performance | 0.0788 | |||
| Jensen Alpha | 0.0864 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.6588 |
iShares Automation Backtested Returns
Currently, iShares Automation Robotics is very steady. iShares Automation holds Efficiency (Sharpe) Ratio of 0.089, which attests that the entity had a 0.089% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Automation, which you can use to evaluate the volatility of the entity. Please check out IShares Automation's Risk Adjusted Performance of 0.0788, market risk adjusted performance of 0.6688, and Downside Deviation of 1.28 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. 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 Automation's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Automation is expected to be smaller as well.
Auto-correlation | 0.80 |
Very good predictability
iShares Automation Robotics has very good predictability. Overlapping area represents the amount of predictability between IShares Automation time series from 2nd of September 2024 to 17th of October 2024 and 17th of October 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 Automation price movement. The serial correlation of 0.8 indicates that around 80.0% of current IShares Automation price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
iShares Automation lagged returns against current returns
Autocorrelation, which is IShares Automation 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 Automation's etf expected returns. We can calculate the autocorrelation of IShares Automation returns to help us make a trade decision. For example, suppose you find that IShares Automation 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 Automation 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 Automation etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Automation etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Automation etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Automation Lagged Returns
When evaluating IShares Automation's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Automation etf have on its future price. IShares Automation 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 Automation autocorrelation shows the relationship between IShares Automation etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Automation Robotics.
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.Other Information on Investing in IShares Etf
IShares Automation financial ratios help investors to determine whether IShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IShares with respect to the benefits of owning IShares Automation security.