Ishares Tech Breakthrough Etf Market Value
| TECB Etf | USD 54.90 0.19 0.35% |
| Symbol | IShares |
The market value of iShares Tech Breakthrough 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 Tech's value that differs from its market value or its book value, called intrinsic value, which is IShares Tech'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 Tech's market value can be influenced by many factors that don't directly affect IShares Tech'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 Tech's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Tech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Tech'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 Tech '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 Tech'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 Tech.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in IShares Tech on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Tech Breakthrough or generate 0.0% return on investment in IShares Tech over 30 days. IShares Tech is related to or competes with Nexalin Technology, Kilroy Realty, Highwoods Properties, Karat Packaging, and Brookfield Real. The underlying index measures the performance of U.S More
IShares Tech 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 Tech'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 Tech Breakthrough upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.14 | |||
| Information Ratio | 0.0252 | |||
| Maximum Drawdown | 4.75 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.47 |
IShares Tech Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Tech's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Tech's standard deviation. In reality, there are many statistical measures that can use IShares Tech historical prices to predict the future IShares Tech's volatility.| Risk Adjusted Performance | 0.1267 | |||
| Jensen Alpha | 0.0302 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0222 | |||
| Treynor Ratio | 0.159 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Tech'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 Tech Breakthrough Backtested Returns
At this point, IShares Tech is very steady. iShares Tech Breakthrough holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Tech Breakthrough, which you can use to evaluate the volatility of the entity. Please check out IShares Tech's Downside Deviation of 1.14, market risk adjusted performance of 0.169, and Risk Adjusted Performance of 0.1267 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. The etf retains a Market Volatility (i.e., Beta) of 0.96, which attests to possible diversification benefits within a given portfolio. IShares Tech returns are very sensitive to returns on the market. As the market goes up or down, IShares Tech is expected to follow.
Auto-correlation | 0.93 |
Excellent predictability
iShares Tech Breakthrough has excellent predictability. Overlapping area represents the amount of predictability between IShares Tech time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Tech Breakthrough price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current IShares Tech price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
iShares Tech Breakthrough lagged returns against current returns
Autocorrelation, which is IShares Tech 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 Tech's etf expected returns. We can calculate the autocorrelation of IShares Tech returns to help us make a trade decision. For example, suppose you find that IShares Tech 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 Tech 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 Tech etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Tech etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Tech etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Tech Lagged Returns
When evaluating IShares Tech's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Tech etf have on its future price. IShares Tech 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 Tech autocorrelation shows the relationship between IShares Tech etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Tech Breakthrough.
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.When determining whether iShares Tech Breakthrough offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Tech's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ishares Tech Breakthrough Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Tech Breakthrough Etf:Check out IShares Tech Correlation, IShares Tech Volatility and IShares Tech Alpha and Beta module to complement your research on IShares Tech. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
IShares Tech 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.