Ishares Financials Etf Market Value
| IYF Etf | USD 118.97 0.08 0.07% |
| Symbol | IShares |
The market value of iShares Financials ETF 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 Financials' value that differs from its market value or its book value, called intrinsic value, which is IShares Financials' 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 Financials' market value can be influenced by many factors that don't directly affect IShares Financials' 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 Financials' value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Financials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Financials' 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 Financials '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 Financials' 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 Financials.
| 09/01/2024 |
| 11/30/2024 |
If you would invest 0.00 in IShares Financials on September 1, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Financials ETF or generate 0.0% return on investment in IShares Financials over 90 days. IShares Financials is related to or competes with SPDR SP, Fidelity MSCI, IShares MSCI, and First Trust. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Financials 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 Financials' 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 Financials ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8297 | |||
| Information Ratio | 0.078 | |||
| Maximum Drawdown | 8.59 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.82 |
IShares Financials Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Financials' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Financials' standard deviation. In reality, there are many statistical measures that can use IShares Financials historical prices to predict the future IShares Financials' volatility.| Risk Adjusted Performance | 0.1507 | |||
| Jensen Alpha | 0.2396 | |||
| Total Risk Alpha | 0.0206 | |||
| Sortino Ratio | 0.113 | |||
| Treynor Ratio | (1.55) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Financials' 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 Financials ETF Backtested Returns
IShares Financials appears to be very steady, given 3 months investment horizon. iShares Financials ETF holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Financials ETF, which you can use to evaluate the volatility of the entity. Please utilize IShares Financials' Risk Adjusted Performance of 0.1507, market risk adjusted performance of (1.54), and Downside Deviation of 0.8297 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares Financials are expected to decrease at a much lower rate. During the bear market, IShares Financials is likely to outperform the market.
Auto-correlation | 0.71 |
Good predictability
iShares Financials ETF has good predictability. Overlapping area represents the amount of predictability between IShares Financials time series from 1st of September 2024 to 16th of October 2024 and 16th of October 2024 to 30th 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 Financials ETF price movement. The serial correlation of 0.71 indicates that around 71.0% of current IShares Financials price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 17.94 |
iShares Financials ETF lagged returns against current returns
Autocorrelation, which is IShares Financials 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 Financials' etf expected returns. We can calculate the autocorrelation of IShares Financials returns to help us make a trade decision. For example, suppose you find that IShares Financials 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 Financials 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 Financials etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Financials etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Financials etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Financials Lagged Returns
When evaluating IShares Financials' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Financials etf have on its future price. IShares Financials 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 Financials autocorrelation shows the relationship between IShares Financials etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Financials ETF.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether iShares Financials ETF is a strong investment it is important to analyze IShares Financials' 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 Financials' future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares Financials Correlation, IShares Financials Volatility and IShares Financials Alpha and Beta module to complement your research on IShares Financials. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
IShares Financials 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.