IShares EURO (Austria) Market Value
| SX5EEX Etf | EUR 47.90 0.26 0.55% |
| Symbol | IShares |
IShares EURO '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 EURO'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 EURO.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in IShares EURO on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding iShares EURO STOXX or generate 0.0% return on investment in IShares EURO over 360 days. IShares EURO is related to or competes with IShares Core, IShares ATX, RATH Aktiengesellscha, AT S, BAWAG Group, Semperit Aktiengesellscha, and Telekom Austria. More
IShares EURO 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 EURO'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 EURO STOXX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 4.31 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.28 |
IShares EURO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares EURO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares EURO's standard deviation. In reality, there are many statistical measures that can use IShares EURO historical prices to predict the future IShares EURO's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | 0.2472 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares EURO'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 EURO STOXX Backtested Returns
iShares EURO STOXX holds Efficiency (Sharpe) Ratio of -0.0375, which attests that the entity had a -0.0375% return per unit of risk over the last 3 months. iShares EURO STOXX exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares EURO's Risk Adjusted Performance of (0.02), market risk adjusted performance of 0.2572, and Standard Deviation of 0.9474 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares EURO are expected to decrease at a much lower rate. During the bear market, IShares EURO is likely to outperform the market.
Auto-correlation | -0.22 |
Weak reverse predictability
iShares EURO STOXX has weak reverse predictability. Overlapping area represents the amount of predictability between IShares EURO 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 EURO STOXX price movement. The serial correlation of -0.22 indicates that over 22.0% of current IShares EURO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 1.21 |
iShares EURO STOXX lagged returns against current returns
Autocorrelation, which is IShares EURO 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 EURO's etf expected returns. We can calculate the autocorrelation of IShares EURO returns to help us make a trade decision. For example, suppose you find that IShares EURO 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 EURO 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 EURO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares EURO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares EURO etf over time.
Current vs Lagged Prices |
| Timeline |
IShares EURO Lagged Returns
When evaluating IShares EURO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares EURO etf have on its future price. IShares EURO 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 EURO autocorrelation shows the relationship between IShares EURO etf current value and its past values and can show if there is a momentum factor associated with investing in iShares EURO STOXX.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in IShares Etf
IShares EURO 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 EURO security.