Ishares Core Conservative Etf Market Value
| XCNS Etf | CAD 23.63 0.07 0.30% |
| Symbol | IShares |
IShares Core '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 Core'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 Core.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in IShares Core on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Core Conservative or generate 0.0% return on investment in IShares Core over 30 days. IShares Core is related to or competes with IShares Core, IShares Core, Vanguard Conservative, BMO Conservative, and BMO Balanced. XCNS seeks to provide income and long-term capital growth by investing primarily in one or more iShares ETFs that provid... More
IShares Core 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 Core'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 Core Conservative upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2457 | |||
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.35) | |||
| Potential Upside | 0.5159 |
IShares Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Core's standard deviation. In reality, there are many statistical measures that can use IShares Core historical prices to predict the future IShares Core's volatility.| Risk Adjusted Performance | 0.1226 | |||
| Jensen Alpha | 0.0256 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | 0.3289 |
iShares Core Conservative Backtested Returns
As of now, IShares Etf is very steady. iShares Core Conservative holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for iShares Core Conservative, which you can use to evaluate the volatility of the entity. Please check out IShares Core's Risk Adjusted Performance of 0.1226, market risk adjusted performance of 0.3389, and Coefficient Of Variation of 543.34 to validate if the risk estimate we provide is consistent with the expected return of 0.0573%. The etf retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Core is expected to be smaller as well.
Auto-correlation | 0.67 |
Good predictability
iShares Core Conservative has good predictability. Overlapping area represents the amount of predictability between IShares Core time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Core Conservative price movement. The serial correlation of 0.67 indicates that around 67.0% of current IShares Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.67 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
iShares Core Conservative lagged returns against current returns
Autocorrelation, which is IShares Core 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 Core's etf expected returns. We can calculate the autocorrelation of IShares Core returns to help us make a trade decision. For example, suppose you find that IShares Core 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 Core 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 Core etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Core etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Core etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Core Lagged Returns
When evaluating IShares Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Core etf have on its future price. IShares Core 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 Core autocorrelation shows the relationship between IShares Core etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Core Conservative.
Regressed Prices |
| Timeline |
Pair Trading with IShares Core
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 Core 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 Core will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
Moving against IShares Etf
The ability to find closely correlated positions to IShares Core 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 Core 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 Core - 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 Core Conservative to buy it.
The correlation of IShares Core 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 Core moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Core Conservative 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 Core 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 Core Correlation, IShares Core Volatility and IShares Core Alpha and Beta module to complement your research on IShares Core. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
IShares Core 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.