Ishares Esg Advanced Etf Market Value
| USXF Etf | USD 51.94 0.05 0.1% |
| Symbol | IShares |
The market value of iShares ESG Advanced 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 ESG's value that differs from its market value or its book value, called intrinsic value, which is IShares ESG'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 ESG's market value can be influenced by many factors that don't directly affect IShares ESG'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 ESG's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares ESG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares ESG'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 ESG '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 ESG'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 ESG.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in IShares ESG on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding iShares ESG Advanced or generate 0.0% return on investment in IShares ESG over 720 days. IShares ESG is related to or competes with Invesco Dynamic, Perella Weinberg, HUMANA, Barloworld, Morningstar Unconstrained, High-yield Municipal, and Thrivent High. The underlying index is a free float-adjusted market capitalization-weighted index designed to reflect the equity perfor... More
IShares ESG 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 ESG'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 ESG Advanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.07 | |||
| Information Ratio | 0.0034 | |||
| Maximum Drawdown | 4.91 | |||
| Value At Risk | (1.59) | |||
| Potential Upside | 1.64 |
IShares ESG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares ESG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares ESG's standard deviation. In reality, there are many statistical measures that can use IShares ESG historical prices to predict the future IShares ESG's volatility.| Risk Adjusted Performance | 0.1046 | |||
| Jensen Alpha | 0.0036 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0032 | |||
| Treynor Ratio | 0.1244 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares ESG'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 ESG Advanced Backtested Returns
At this point, IShares ESG is very steady. iShares ESG Advanced holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares ESG Advanced, which you can use to evaluate the volatility of the entity. Please check out IShares ESG's Risk Adjusted Performance of 0.1046, downside deviation of 1.07, and Market Risk Adjusted Performance of 0.1344 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The etf retains a Market Volatility (i.e., Beta) of 1.0, which attests to possible diversification benefits within a given portfolio. IShares ESG returns are very sensitive to returns on the market. As the market goes up or down, IShares ESG is expected to follow.
Auto-correlation | 0.80 |
Very good predictability
iShares ESG Advanced has very good predictability. Overlapping area represents the amount of predictability between IShares ESG time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 ESG Advanced price movement. The serial correlation of 0.8 indicates that around 80.0% of current IShares ESG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 13.55 |
iShares ESG Advanced lagged returns against current returns
Autocorrelation, which is IShares ESG 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 ESG's etf expected returns. We can calculate the autocorrelation of IShares ESG returns to help us make a trade decision. For example, suppose you find that IShares ESG 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 ESG 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 ESG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares ESG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares ESG etf over time.
Current vs Lagged Prices |
| Timeline |
IShares ESG Lagged Returns
When evaluating IShares ESG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares ESG etf have on its future price. IShares ESG 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 ESG autocorrelation shows the relationship between IShares ESG etf current value and its past values and can show if there is a momentum factor associated with investing in iShares ESG Advanced.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether iShares ESG Advanced is a strong investment it is important to analyze IShares ESG's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IShares ESG's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares ESG Correlation, IShares ESG Volatility and IShares ESG Alpha and Beta module to complement your research on IShares ESG. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
IShares ESG 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.