Ishares India Index Etf Market Value
| XID Etf | CAD 56.82 0.06 0.11% |
| Symbol | IShares |
IShares India '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 India'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 India.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in IShares India on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding iShares India Index or generate 0.0% return on investment in IShares India over 30 days. IShares India is related to or competes with IShares China, IShares MSCI, IShares IG, and IShares Global. The investment seeks to replicate, net of expenses, the Nifty 50 Index More
IShares India 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 India'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 India Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6936 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.89 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.34 |
IShares India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares India's standard deviation. In reality, there are many statistical measures that can use IShares India historical prices to predict the future IShares India's volatility.| Risk Adjusted Performance | 0.0146 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.0126 |
iShares India Index Backtested Returns
As of now, IShares Etf is very steady. iShares India Index holds Efficiency (Sharpe) Ratio of 0.015, which attests that the entity had a 0.015% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares India Index, which you can use to evaluate the volatility of the entity. Please check out IShares India's Downside Deviation of 0.6936, risk adjusted performance of 0.0146, and Market Risk Adjusted Performance of 0.0226 to validate if the risk estimate we provide is consistent with the expected return of 0.0113%. The etf retains a Market Volatility (i.e., Beta) of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares India's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares India is expected to be smaller as well.
Auto-correlation | -0.5 |
Modest reverse predictability
iShares India Index has modest reverse predictability. Overlapping area represents the amount of predictability between IShares India 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 India Index price movement. The serial correlation of -0.5 indicates that about 50.0% of current IShares India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.47 |
iShares India Index lagged returns against current returns
Autocorrelation, which is IShares India 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 India's etf expected returns. We can calculate the autocorrelation of IShares India returns to help us make a trade decision. For example, suppose you find that IShares India 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 India 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 India etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares India etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares India etf over time.
Current vs Lagged Prices |
| Timeline |
IShares India Lagged Returns
When evaluating IShares India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares India etf have on its future price. IShares India 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 India autocorrelation shows the relationship between IShares India etf current value and its past values and can show if there is a momentum factor associated with investing in iShares India Index.
Regressed Prices |
| Timeline |
Pair Trading with IShares India
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 India 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 India will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
Moving against IShares Etf
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The ability to find closely correlated positions to IShares India 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 India 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 India - 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 India Index to buy it.
The correlation of IShares India 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 India moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares India Index 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 India 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 India 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 India security.