IShares STOXX's market value is the price at which a share of IShares STOXX trades on a public exchange. It measures the collective expectations of iShares STOXX Europe investors about its performance. IShares STOXX is selling for under 6.24 as of the 15th of December 2024; that is 0.32 percent decrease since the beginning of the trading day. The etf's lowest day price was 6.22. With this module, you can estimate the performance of a buy and hold strategy of iShares STOXX Europe and determine expected loss or profit from investing in IShares STOXX over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
IShares
IShares STOXX '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 STOXX'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 STOXX.
0.00
11/15/2024
No Change 0.00
0.0
In 30 days
12/15/2024
0.00
If you would invest 0.00 in IShares STOXX on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding iShares STOXX Europe or generate 0.0% return on investment in IShares STOXX over 30 days.
IShares STOXX 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 STOXX'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 STOXX Europe upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares STOXX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares STOXX's standard deviation. In reality, there are many statistical measures that can use IShares STOXX historical prices to predict the future IShares STOXX's volatility.
Currently, iShares STOXX Europe is somewhat reliable. iShares STOXX Europe holds Efficiency (Sharpe) Ratio of 0.0546, which attests that the entity had a 0.0546% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares STOXX Europe, which you can use to evaluate the volatility of the entity. Please check out IShares STOXX's Market Risk Adjusted Performance of 1.74, risk adjusted performance of 0.0364, and Downside Deviation of 1.91 to validate if the risk estimate we provide is consistent with the expected return of 0.0839%. The etf retains a Market Volatility (i.e., Beta) of 0.0326, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares STOXX's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares STOXX is expected to be smaller as well.
Auto-correlation
0.34
Below average predictability
iShares STOXX Europe has below average predictability. Overlapping area represents the amount of predictability between IShares STOXX time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 STOXX Europe price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current IShares STOXX price fluctuation can be explain by its past prices.
Correlation Coefficient
0.34
Spearman Rank Test
0.62
Residual Average
0.0
Price Variance
0.01
iShares STOXX Europe lagged returns against current returns
Autocorrelation, which is IShares STOXX 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 STOXX's etf expected returns. We can calculate the autocorrelation of IShares STOXX returns to help us make a trade decision. For example, suppose you find that IShares STOXX 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 STOXX 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 STOXX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares STOXX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares STOXX etf over time.
Current vs Lagged Prices
Timeline
IShares STOXX Lagged Returns
When evaluating IShares STOXX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares STOXX etf have on its future price. IShares STOXX 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 STOXX autocorrelation shows the relationship between IShares STOXX etf current value and its past values and can show if there is a momentum factor associated with investing in iShares STOXX Europe.
Regressed Prices
Timeline
Thematic Opportunities
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