Ishares Thematic Rotation Etf Market Value
| THRO Etf | 35.08 0.36 1.04% |
| Symbol | IShares |
The market value of iShares Thematic Rotation 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 Thematic's value that differs from its market value or its book value, called intrinsic value, which is IShares Thematic'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 Thematic's market value can be influenced by many factors that don't directly affect IShares Thematic'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 Thematic's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Thematic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Thematic'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 Thematic '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 Thematic'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 Thematic.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in IShares Thematic on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Thematic Rotation or generate 0.0% return on investment in IShares Thematic over 90 days. IShares Thematic is entity of United States More
IShares Thematic 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 Thematic'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 Thematic Rotation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7344 | |||
| Information Ratio | 0.0917 | |||
| Maximum Drawdown | 3.78 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.42 |
IShares Thematic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Thematic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Thematic's standard deviation. In reality, there are many statistical measures that can use IShares Thematic historical prices to predict the future IShares Thematic's volatility.| Risk Adjusted Performance | 0.1849 | |||
| Jensen Alpha | 0.0958 | |||
| Total Risk Alpha | 0.0637 | |||
| Sortino Ratio | 0.0951 | |||
| Treynor Ratio | 0.2383 |
iShares Thematic Rotation Backtested Returns
As of now, IShares Etf is very steady. iShares Thematic Rotation holds Efficiency (Sharpe) Ratio of 0.22, which attests that the entity had a 0.22% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Thematic Rotation, which you can use to evaluate the volatility of the entity. Please check out IShares Thematic's Downside Deviation of 0.7344, market risk adjusted performance of 0.2483, and Risk Adjusted Performance of 0.1849 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The etf retains a Market Volatility (i.e., Beta) of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Thematic's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Thematic is expected to be smaller as well.
Auto-correlation | 0.91 |
Excellent predictability
iShares Thematic Rotation has excellent predictability. Overlapping area represents the amount of predictability between IShares Thematic time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Thematic Rotation price movement. The serial correlation of 0.91 indicates that approximately 91.0% of current IShares Thematic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.62 |
iShares Thematic Rotation lagged returns against current returns
Autocorrelation, which is IShares Thematic 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 Thematic's etf expected returns. We can calculate the autocorrelation of IShares Thematic returns to help us make a trade decision. For example, suppose you find that IShares Thematic 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 Thematic 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 Thematic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Thematic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Thematic etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Thematic Lagged Returns
When evaluating IShares Thematic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Thematic etf have on its future price. IShares Thematic 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 Thematic autocorrelation shows the relationship between IShares Thematic etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Thematic Rotation.
Regressed Prices |
| Timeline |
When determining whether iShares Thematic Rotation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Thematic'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 Thematic Rotation Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Thematic Rotation Etf:
Check out IShares Thematic Correlation, IShares Thematic Volatility and IShares Thematic Alpha and Beta module to complement your research on IShares Thematic. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
IShares Thematic 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.