IShares Edge's market value is the price at which a share of IShares Edge trades on a public exchange. It measures the collective expectations of iShares Edge MSCI investors about its performance. IShares Edge is trading at 48.39 as of the 29th of December 2024, a No Change since the beginning of the trading day. The etf's lowest day price was 48.09. With this module, you can estimate the performance of a buy and hold strategy of iShares Edge MSCI and determine expected loss or profit from investing in IShares Edge over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
IShares
IShares Edge '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 Edge'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 Edge.
0.00
11/29/2024
No Change 0.00
0.0
In 30 days
12/29/2024
0.00
If you would invest 0.00 in IShares Edge on November 29, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Edge MSCI or generate 0.0% return on investment in IShares Edge over 30 days.
IShares Edge 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 Edge'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 Edge MSCI upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Edge's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Edge's standard deviation. In reality, there are many statistical measures that can use IShares Edge historical prices to predict the future IShares Edge's volatility.
At this point, IShares Edge is very steady. iShares Edge MSCI holds Efficiency (Sharpe) Ratio of 0.0389, which attests that the entity had a 0.0389% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for iShares Edge MSCI, which you can use to evaluate the volatility of the entity. Please check out IShares Edge's Downside Deviation of 1.13, market risk adjusted performance of 0.1786, and Risk Adjusted Performance of 0.04 to validate if the risk estimate we provide is consistent with the expected return of 0.041%. The etf retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Edge's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Edge is expected to be smaller as well.
Auto-correlation
0.69
Good predictability
iShares Edge MSCI has good predictability. Overlapping area represents the amount of predictability between IShares Edge time series from 29th of November 2024 to 14th of December 2024 and 14th of December 2024 to 29th 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 Edge MSCI price movement. The serial correlation of 0.69 indicates that around 69.0% of current IShares Edge price fluctuation can be explain by its past prices.
Correlation Coefficient
0.69
Spearman Rank Test
0.81
Residual Average
0.0
Price Variance
0.04
iShares Edge MSCI lagged returns against current returns
Autocorrelation, which is IShares Edge 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 Edge's etf expected returns. We can calculate the autocorrelation of IShares Edge returns to help us make a trade decision. For example, suppose you find that IShares Edge 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 Edge 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 Edge etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Edge etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Edge etf over time.
Current vs Lagged Prices
Timeline
IShares Edge Lagged Returns
When evaluating IShares Edge's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Edge etf have on its future price. IShares Edge 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 Edge autocorrelation shows the relationship between IShares Edge etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Edge MSCI.
Regressed Prices
Timeline
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