Ishares Texas Equity Etf Market Value
| TEXN Etf | 27.45 0.03 0.11% |
| Symbol | IShares |
The market value of iShares Texas Equity 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 Texas' value that differs from its market value or its book value, called intrinsic value, which is IShares Texas' 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 Texas' market value can be influenced by many factors that don't directly affect IShares Texas' 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 Texas' value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Texas is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Texas' 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 Texas '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 Texas' 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 Texas.
| 05/28/2025 |
| 12/24/2025 |
If you would invest 0.00 in IShares Texas on May 28, 2025 and sell it all today you would earn a total of 0.00 from holding iShares Texas Equity or generate 0.0% return on investment in IShares Texas over 210 days. IShares Texas is related to or competes with ALPS REIT, Pacer CFRA, Texas Capital, TrueShares Structured, Touchstone Climate, PEO AlphaQuest, and Invesco SP. More
IShares Texas 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 Texas' 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 Texas Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.3 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.37 |
IShares Texas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Texas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Texas' standard deviation. In reality, there are many statistical measures that can use IShares Texas historical prices to predict the future IShares Texas' volatility.| Risk Adjusted Performance | 7.0E-4 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Texas' 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 Texas Equity Backtested Returns
iShares Texas Equity holds Efficiency (Sharpe) Ratio of close to zero, which attests that the entity had a close to zero % return per unit of risk over the last 3 months. iShares Texas Equity exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Texas' Market Risk Adjusted Performance of (0.01), risk adjusted performance of 7.0E-4, and Standard Deviation of 0.9715 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.82, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Texas' returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Texas is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
iShares Texas Equity has poor reverse predictability. Overlapping area represents the amount of predictability between IShares Texas time series from 28th of May 2025 to 10th of September 2025 and 10th of September 2025 to 24th of December 2025. 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 Texas Equity price movement. The serial correlation of -0.37 indicates that just about 37.0% of current IShares Texas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
iShares Texas Equity lagged returns against current returns
Autocorrelation, which is IShares Texas 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 Texas' etf expected returns. We can calculate the autocorrelation of IShares Texas returns to help us make a trade decision. For example, suppose you find that IShares Texas 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 Texas 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 Texas etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Texas etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Texas etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Texas Lagged Returns
When evaluating IShares Texas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Texas etf have on its future price. IShares Texas 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 Texas autocorrelation shows the relationship between IShares Texas etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Texas Equity.
Regressed Prices |
| Timeline |
Pair Trading with IShares Texas
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 Texas 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 Texas will appreciate offsetting losses from the drop in the long position's value.Moving against IShares Etf
| 0.52 | SPLG | SSgA Symbol Change | PairCorr |
| 0.32 | VXX | iPath Series B Sell-off Trend | PairCorr |
The ability to find closely correlated positions to IShares Texas 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 Texas 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 Texas - 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 Texas Equity to buy it.
The correlation of IShares Texas 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 Texas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Texas Equity 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 Texas 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 Texas Correlation, IShares Texas Volatility and IShares Texas Alpha and Beta module to complement your research on IShares Texas. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
IShares Texas 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.