IShares UBS (Australia) Market Value
| ILB Etf | 125.08 0.36 0.29% |
| Symbol | IShares |
IShares UBS '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 UBS'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 UBS.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in IShares UBS on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding iShares UBS Government or generate 0.0% return on investment in IShares UBS over 30 days. IShares UBS is related to or competes with IShares MSCI, IShares CoreSP, IShares SP, IShares SPASX, IShares Edge, IShares Core, and IShares Global. IShares UBS is entity of Australia. It is traded as Etf on AU exchange. More
IShares UBS 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 UBS'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 UBS Government upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.40) | |||
| Maximum Drawdown | 1.15 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.4369 |
IShares UBS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares UBS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares UBS's standard deviation. In reality, there are many statistical measures that can use IShares UBS historical prices to predict the future IShares UBS's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.45) |
iShares UBS Government Backtested Returns
iShares UBS Government holds Efficiency (Sharpe) Ratio of -0.0246, which attests that the entity had a -0.0246% return per unit of risk over the last 3 months. iShares UBS Government exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares UBS's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.44), and Standard Deviation of 0.2989 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.0385, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares UBS's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares UBS is expected to be smaller as well.
Auto-correlation | -0.09 |
Very weak reverse predictability
iShares UBS Government has very weak reverse predictability. Overlapping area represents the amount of predictability between IShares UBS time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 UBS Government price movement. The serial correlation of -0.09 indicates that less than 9.0% of current IShares UBS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
iShares UBS Government lagged returns against current returns
Autocorrelation, which is IShares UBS 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 UBS's etf expected returns. We can calculate the autocorrelation of IShares UBS returns to help us make a trade decision. For example, suppose you find that IShares UBS 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 UBS 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 UBS etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares UBS etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares UBS etf over time.
Current vs Lagged Prices |
| Timeline |
IShares UBS Lagged Returns
When evaluating IShares UBS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares UBS etf have on its future price. IShares UBS 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 UBS autocorrelation shows the relationship between IShares UBS etf current value and its past values and can show if there is a momentum factor associated with investing in iShares UBS Government.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in IShares Etf
IShares UBS 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 UBS security.