Ishares Breakthrough Environmental Etf Market Value
| ETEC Etf | USD 20.05 0.33 1.67% |
| Symbol | IShares |
The market value of iShares Breakthrough 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 Breakthrough's value that differs from its market value or its book value, called intrinsic value, which is IShares Breakthrough'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 Breakthrough's market value can be influenced by many factors that don't directly affect IShares Breakthrough'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 Breakthrough's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Breakthrough is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Breakthrough'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 Breakthrough '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 Breakthrough'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 Breakthrough.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in IShares Breakthrough on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Breakthrough Environmental or generate 0.0% return on investment in IShares Breakthrough over 30 days. IShares Breakthrough is related to or competes with Nexalin Technology, Kilroy Realty, Highwoods Properties, Karat Packaging, and Brookfield Real. Emtec, Inc. provides industry-specific transformative digital solutions in the United States, Canada, and India More
IShares Breakthrough 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 Breakthrough'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 Breakthrough Environmental upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.86 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 7.2 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 2.94 |
IShares Breakthrough Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Breakthrough's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Breakthrough's standard deviation. In reality, there are many statistical measures that can use IShares Breakthrough historical prices to predict the future IShares Breakthrough's volatility.| Risk Adjusted Performance | 0.0126 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0117 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Breakthrough's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
iShares Breakthrough Backtested Returns
At this point, IShares Breakthrough is very steady. iShares Breakthrough holds Efficiency (Sharpe) Ratio of 0.0094, which attests that the entity had a 0.0094% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Breakthrough, which you can use to evaluate the volatility of the entity. Please check out IShares Breakthrough's Risk Adjusted Performance of 0.0126, downside deviation of 1.86, and Market Risk Adjusted Performance of 0.0217 to validate if the risk estimate we provide is consistent with the expected return of 0.0151%. The etf retains a Market Volatility (i.e., Beta) of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Breakthrough's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Breakthrough is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
iShares Breakthrough Environmental has very good reverse predictability. Overlapping area represents the amount of predictability between IShares Breakthrough 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 Breakthrough price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current IShares Breakthrough price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
iShares Breakthrough lagged returns against current returns
Autocorrelation, which is IShares Breakthrough 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 Breakthrough's etf expected returns. We can calculate the autocorrelation of IShares Breakthrough returns to help us make a trade decision. For example, suppose you find that IShares Breakthrough 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 Breakthrough 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 Breakthrough etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Breakthrough etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Breakthrough etf over time.
Current vs Lagged Prices |
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IShares Breakthrough Lagged Returns
When evaluating IShares Breakthrough's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Breakthrough etf have on its future price. IShares Breakthrough 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 Breakthrough autocorrelation shows the relationship between IShares Breakthrough etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Breakthrough Environmental.
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.When determining whether iShares Breakthrough offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Breakthrough's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ishares Breakthrough Environmental Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Breakthrough Environmental Etf:Check out IShares Breakthrough Correlation, IShares Breakthrough Volatility and IShares Breakthrough Alpha and Beta module to complement your research on IShares Breakthrough. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
IShares Breakthrough 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.