IShares Gold Ten Year Return vs. Beta
| IAU Etf | USD 49.78 0.09 0.18% |
For IShares Gold profitability analysis, we use financial ratios and fundamental drivers that measure the ability of IShares Gold to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well iShares Gold Trust utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between IShares Gold's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of iShares Gold Trust over time as well as its relative position and ranking within its peers.
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The market value of iShares Gold Trust is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Gold's value that differs from its market value or its book value, called intrinsic value, which is IShares Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares Gold's market value can be influenced by many factors that don't directly affect IShares Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
iShares Gold Trust Beta vs. Ten Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining IShares Gold's current stock value. Our valuation model uses many indicators to compare IShares Gold value to that of its competitors to determine the firm's financial worth. iShares Gold Trust is rated second overall ETF in ten year return as compared to similar ETFs. It is rated below average in beta as compared to similar ETFs totaling about 0.02 of Beta per Ten Year Return. The ratio of Ten Year Return to Beta for iShares Gold Trust is roughly 52.67 . Comparative valuation analysis is a catch-all technique that is used if you cannot value IShares Gold by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.IShares Beta vs. Ten Year Return
Ten Year Return shows the total annualized return generated from holding a fund for the last 10 years and represents fund's capital appreciation, including dividends losses and capital gains distributions. This return indicator is considered by many investors to be the ultimate measures of fund performance and can reflect the overall performance of the market or market segment it invests in.
IShares Gold |
| = | 7.90 % |
Although Ten Year Fund Return indicator can give a sense of overall fund long-term potential, it is recommended to compare funds performances against other similar funds or market benchmarks for the same 10-year interval.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
IShares Gold |
| = | 0.15 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
IShares Beta Comparison
IShares Gold is currently under evaluation in beta as compared to similar ETFs.
Beta Analysis
As returns on the market increase, IShares Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Gold is expected to be smaller as well.
IShares Gold Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in IShares Gold, profitability is also one of the essential criteria for including it into their portfolios because, without profit, IShares Gold will eventually generate negative long term returns. The profitability progress is the general direction of IShares Gold's change in net profit over the period of time. It can combine multiple indicators of IShares Gold, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The Trust seeks to reflect such performance before payment of the Trusts expenses and liabilities. Ishares Gold is traded on NYSEARCA Exchange in the United States.
IShares Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on IShares Gold. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of IShares Gold position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the IShares Gold's important profitability drivers and their relationship over time.
| Ten Year Return vs Price To Earning | ||
| One Year Return vs Beta | ||
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| Ten Year Return vs Net Asset |
Use IShares Gold in pair-trading
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 Gold 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 Gold will appreciate offsetting losses from the drop in the long position's value.IShares Gold Pair Trading
iShares Gold Trust Pair Trading Analysis
The ability to find closely correlated positions to IShares Gold 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 Gold 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 Gold - 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 Gold Trust to buy it.
The correlation of IShares Gold 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 Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Gold Trust 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 Gold 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.Use Investing Themes to Complement your IShares Gold position
In addition to having IShares Gold in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Hedge Favorites Thematic Idea Now
Hedge Favorites
Hedge Funds pool capital from accredited individuals or institutional investors and invest in a variety of assets, often with complex portfolio-construction and risk-management techniques. The Hedge Favorites theme has 37 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Hedge Favorites Theme or any other thematic opportunities.
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Check out Risk vs Return Analysis. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
To fully project IShares Gold's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of iShares Gold Trust at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include IShares Gold's income statement, its balance sheet, and the statement of cash flows.