IShares Canadian (Mexico) Market Value
| XSB Etf | CAD 381.38 0.00 0.00% |
| Symbol | IShares |
IShares Canadian '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 Canadian'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 Canadian.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in IShares Canadian on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Canadian Short or generate 0.0% return on investment in IShares Canadian over 30 days. IShares Canadian is related to or competes with IShares Trust, IShares Trust, IShares Trust, IShares Trust, IShares IShares, IShares Trust, and IShares Trust. More
IShares Canadian 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 Canadian'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 Canadian Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (2.79) | |||
| Maximum Drawdown | 0.2813 |
IShares Canadian Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Canadian's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Canadian's standard deviation. In reality, there are many statistical measures that can use IShares Canadian historical prices to predict the future IShares Canadian's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (1.09) |
iShares Canadian Short Backtested Returns
At this stage we consider IShares Etf to be very steady. iShares Canadian Short holds Efficiency (Sharpe) Ratio of 2.0E-4, which attests that the entity had a 2.0E-4% return per unit of risk over the last 3 months. We have found sixteen technical indicators for iShares Canadian Short, which you can use to evaluate the volatility of the entity. Please check out IShares Canadian's Standard Deviation of 0.0493, market risk adjusted performance of (1.08), and Risk Adjusted Performance of (0.14) to validate if the risk estimate we provide is consistent with the expected return of 0.0%. The etf retains a Market Volatility (i.e., Beta) of 0.0092, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Canadian's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Canadian is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
iShares Canadian Short has no correlation between past and present. Overlapping area represents the amount of predictability between IShares Canadian time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Canadian Short price movement. The serial correlation of 0.0 indicates that just 0.0% of current IShares Canadian price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
iShares Canadian Short lagged returns against current returns
Autocorrelation, which is IShares Canadian 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 Canadian's etf expected returns. We can calculate the autocorrelation of IShares Canadian returns to help us make a trade decision. For example, suppose you find that IShares Canadian 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 Canadian 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 Canadian etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Canadian etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Canadian etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Canadian Lagged Returns
When evaluating IShares Canadian's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Canadian etf have on its future price. IShares Canadian 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 Canadian autocorrelation shows the relationship between IShares Canadian etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Canadian Short.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in IShares Etf
IShares Canadian 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 Canadian security.