Ishares Technology (Brazil) Market Value
| BIYW39 Etf | BRL 28.65 0.51 1.75% |
| Symbol | Ishares |
Please note, there is a significant difference between Ishares Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ishares Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ishares Technology'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 Technology '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 Technology'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 Technology.
| 09/29/2024 |
| 12/28/2024 |
If you would invest 0.00 in Ishares Technology on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Ishares Technology ETF or generate 0.0% return on investment in Ishares Technology over 90 days. Ishares Technology is related to or competes with BTG Pactual, Plano Plano, S1YM34, Cable One, ATMA Participaes, and British American. More
Ishares Technology 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 Technology'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 Technology ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.47 | |||
| Information Ratio | 0.2108 | |||
| Maximum Drawdown | 5.23 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.19 |
Ishares Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ishares Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ishares Technology's standard deviation. In reality, there are many statistical measures that can use Ishares Technology historical prices to predict the future Ishares Technology's volatility.| Risk Adjusted Performance | 0.192 | |||
| Jensen Alpha | 0.2926 | |||
| Total Risk Alpha | 0.2549 | |||
| Sortino Ratio | 0.1826 | |||
| Treynor Ratio | (2.73) |
Ishares Technology ETF Backtested Returns
Ishares Technology appears to be very steady, given 3 months investment horizon. Ishares Technology ETF holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ishares Technology ETF, which you can use to evaluate the volatility of the entity. Please utilize Ishares Technology's Downside Deviation of 1.47, risk adjusted performance of 0.192, and Market Risk Adjusted Performance of (2.72) to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of -0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ishares Technology are expected to decrease at a much lower rate. During the bear market, Ishares Technology is likely to outperform the market.
Auto-correlation | 0.89 |
Very good predictability
Ishares Technology ETF has very good predictability. Overlapping area represents the amount of predictability between Ishares Technology time series from 29th of September 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Technology ETF price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Ishares Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 1.13 |
Ishares Technology ETF lagged returns against current returns
Autocorrelation, which is Ishares Technology 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 Technology's etf expected returns. We can calculate the autocorrelation of Ishares Technology returns to help us make a trade decision. For example, suppose you find that Ishares Technology 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 Technology 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 Technology etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ishares Technology etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ishares Technology etf over time.
Current vs Lagged Prices |
| Timeline |
Ishares Technology Lagged Returns
When evaluating Ishares Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ishares Technology etf have on its future price. Ishares Technology 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 Technology autocorrelation shows the relationship between Ishares Technology etf current value and its past values and can show if there is a momentum factor associated with investing in Ishares Technology ETF.
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.Additional Information and Resources on Investing in Ishares Etf
When determining whether Ishares Technology ETF is a strong investment it is important to analyze Ishares Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ishares Technology's future performance. For an informed investment choice regarding Ishares Etf, refer to the following important reports:Check out Ishares Technology Correlation, Ishares Technology Volatility and Ishares Technology Alpha and Beta module to complement your research on Ishares Technology. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Ishares Technology technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.