Ishares Flexible Monthly Etf Market Value
| XFLX Etf | 39.39 0.01 0.03% |
| Symbol | IShares |
IShares Flexible '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 Flexible'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 Flexible.
| 11/30/2023 |
| 11/24/2024 |
If you would invest 0.00 in IShares Flexible on November 30, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Flexible Monthly or generate 0.0% return on investment in IShares Flexible over 360 days. IShares Flexible is related to or competes with IShares Canadian, PHN Multi, Altagas Cum, EcoSynthetix, and European Residential. IShares Flexible is entity of Canada. It is traded as Etf on TO exchange. More
IShares Flexible 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 Flexible'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 Flexible Monthly upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.83) | |||
| Maximum Drawdown | 1.06 | |||
| Value At Risk | (0.33) | |||
| Potential Upside | 0.2544 |
IShares Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Flexible's standard deviation. In reality, there are many statistical measures that can use IShares Flexible historical prices to predict the future IShares Flexible's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Treynor Ratio | (1.32) |
iShares Flexible Monthly Backtested Returns
iShares Flexible Monthly holds Efficiency (Sharpe) Ratio of -0.0633, which attests that the entity had a -0.0633% return per unit of risk over the last 3 months. iShares Flexible Monthly exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Flexible's Market Risk Adjusted Performance of (1.31), standard deviation of 0.1719, and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0159, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Flexible's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Flexible is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
iShares Flexible Monthly has no correlation between past and present. Overlapping area represents the amount of predictability between IShares Flexible time series from 30th of November 2023 to 28th of May 2024 and 28th of May 2024 to 24th 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 Flexible Monthly price movement. The serial correlation of 0.0 indicates that just 0.0% of current IShares Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
iShares Flexible Monthly lagged returns against current returns
Autocorrelation, which is IShares Flexible 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 Flexible's etf expected returns. We can calculate the autocorrelation of IShares Flexible returns to help us make a trade decision. For example, suppose you find that IShares Flexible 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 Flexible 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 Flexible etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Flexible etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Flexible etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Flexible Lagged Returns
When evaluating IShares Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Flexible etf have on its future price. IShares Flexible 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 Flexible autocorrelation shows the relationship between IShares Flexible etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Flexible Monthly.
Regressed Prices |
| Timeline |
Pair Trading with IShares Flexible
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 Flexible 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 Flexible will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to IShares Flexible 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 Flexible 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 Flexible - 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 Flexible Monthly to buy it.
The correlation of IShares Flexible 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 Flexible moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Flexible Monthly 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 Flexible 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 Flexible 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 Flexible security.