Ishares China Etf Market Value
| XCH Etf | CAD 19.72 0.02 0.10% |
| Symbol | IShares |
IShares China '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 China'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 China.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in IShares China on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding iShares China or generate 0.0% return on investment in IShares China over 180 days. IShares China is related to or competes with BMO MSCI, BMO MSCI, BMO NASDAQ, and BMO Equal. The investment seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the ... More
IShares China 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 China'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 China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.94 | |||
| Information Ratio | 0.052 | |||
| Maximum Drawdown | 19.37 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 4.86 |
IShares China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares China's standard deviation. In reality, there are many statistical measures that can use IShares China historical prices to predict the future IShares China's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | 0.3424 | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | 0.0516 | |||
| Treynor Ratio | (0.44) |
iShares China Backtested Returns
IShares China appears to be not too volatile, given 3 months investment horizon. iShares China holds Efficiency (Sharpe) Ratio of 0.0983, which attests that the entity had a 0.0983% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares China, which you can use to evaluate the volatility of the entity. Please utilize IShares China's Downside Deviation of 2.94, market risk adjusted performance of (0.43), and Risk Adjusted Performance of 0.0809 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of -0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IShares China are expected to decrease at a much lower rate. During the bear market, IShares China is likely to outperform the market.
Auto-correlation | -0.5 |
Modest reverse predictability
iShares China has modest reverse predictability. Overlapping area represents the amount of predictability between IShares China time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 China price movement. The serial correlation of -0.5 indicates that about 50.0% of current IShares China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 3.95 |
iShares China lagged returns against current returns
Autocorrelation, which is IShares China 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 China's etf expected returns. We can calculate the autocorrelation of IShares China returns to help us make a trade decision. For example, suppose you find that IShares China 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 China 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 China etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares China etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares China etf over time.
Current vs Lagged Prices |
| Timeline |
IShares China Lagged Returns
When evaluating IShares China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares China etf have on its future price. IShares China 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 China autocorrelation shows the relationship between IShares China etf current value and its past values and can show if there is a momentum factor associated with investing in iShares China.
Regressed Prices |
| Timeline |
Pair Trading with IShares China
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 China 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 China will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
The ability to find closely correlated positions to IShares China 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 China 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 China - 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 China to buy it.
The correlation of IShares China 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 China moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares China 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 China 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.Other Information on Investing in IShares Etf
IShares China 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 China security.