Ishares Premium Money Etf Market Value
| CMR Etf | CAD 50.04 0.01 0.02% |
| Symbol | IShares |
IShares Premium '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 Premium'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 Premium.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in IShares Premium on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Premium Money or generate 0.0% return on investment in IShares Premium over 30 days. IShares Premium is related to or competes with IShares 1, IShares Global, IShares Global, IShares Global, and IShares Floating. The investment seeks to maximize current income to the extent consistent with the preservation of capital and liquidity ... More
IShares Premium 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 Premium'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 Premium Money upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (7.22) | |||
| Maximum Drawdown | 0.0604 | |||
| Potential Upside | 0.0403 |
IShares Premium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Premium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Premium's standard deviation. In reality, there are many statistical measures that can use IShares Premium historical prices to predict the future IShares Premium's volatility.| Risk Adjusted Performance | 0.3046 | |||
| Total Risk Alpha | 0.0035 |
iShares Premium Money Backtested Returns
As of now, IShares Etf is very steady. iShares Premium Money holds Efficiency (Sharpe) Ratio of 1.02, which attests that the entity had a 1.02% return per unit of risk over the last 3 months. We have found nineteen technical indicators for iShares Premium Money, which you can use to evaluate the volatility of the entity. Please check out IShares Premium's Risk Adjusted Performance of 0.3046, mean deviation of 0.0125, and Variance of 2.0E-4 to validate if the risk estimate we provide is consistent with the expected return of 0.0156%. The etf retains a Market Volatility (i.e., Beta) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and IShares Premium are completely uncorrelated.
Auto-correlation | 0.95 |
Excellent predictability
iShares Premium Money has excellent predictability. Overlapping area represents the amount of predictability between IShares Premium time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Premium Money price movement. The serial correlation of 0.95 indicates that approximately 95.0% of current IShares Premium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.95 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
iShares Premium Money lagged returns against current returns
Autocorrelation, which is IShares Premium 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 Premium's etf expected returns. We can calculate the autocorrelation of IShares Premium returns to help us make a trade decision. For example, suppose you find that IShares Premium 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 Premium 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 Premium etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Premium etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Premium etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Premium Lagged Returns
When evaluating IShares Premium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Premium etf have on its future price. IShares Premium 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 Premium autocorrelation shows the relationship between IShares Premium etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Premium Money.
Regressed Prices |
| Timeline |
Pair Trading with IShares Premium
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 Premium 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 Premium will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
The ability to find closely correlated positions to IShares Premium 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 Premium 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 Premium - 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 Premium Money to buy it.
The correlation of IShares Premium 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 Premium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Premium Money 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 Premium 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 Premium 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 Premium security.