Ishares High Dividend Etf Market Value
| XHD Etf | CAD 35.69 0.20 0.56% |
| Symbol | IShares |
IShares High '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 High'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 High.
| 06/04/2024 |
| 12/01/2024 |
If you would invest 0.00 in IShares High on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding iShares High Dividend or generate 0.0% return on investment in IShares High over 180 days. IShares High is related to or competes with Vanguard Total, Vanguard FTSE, Vanguard FTSE, and Vanguard FTSE. The investment seeks to replicate, net of expenses, the Morningstar Dividend Yield Focus Index CAD-Hedged More
IShares High 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 High'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 High Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4739 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 2.53 | |||
| Value At Risk | (0.70) | |||
| Potential Upside | 1.03 |
IShares High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares High's standard deviation. In reality, there are many statistical measures that can use IShares High historical prices to predict the future IShares High's volatility.| Risk Adjusted Performance | 0.0875 | |||
| Jensen Alpha | 0.0386 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.4253 |
iShares High Dividend Backtested Returns
As of now, IShares Etf is very steady. iShares High Dividend holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares High Dividend, which you can use to evaluate the volatility of the entity. Please check out IShares High's Risk Adjusted Performance of 0.0875, downside deviation of 0.4739, and Market Risk Adjusted Performance of 0.4353 to validate if the risk estimate we provide is consistent with the expected return of 0.0586%. The etf retains a Market Volatility (i.e., Beta) of 0.13, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares High's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares High is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
iShares High Dividend has good predictability. Overlapping area represents the amount of predictability between IShares High time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 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 High Dividend price movement. The serial correlation of 0.72 indicates that around 72.0% of current IShares High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
iShares High Dividend lagged returns against current returns
Autocorrelation, which is IShares High 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 High's etf expected returns. We can calculate the autocorrelation of IShares High returns to help us make a trade decision. For example, suppose you find that IShares High 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 High 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 High etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares High etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares High etf over time.
Current vs Lagged Prices |
| Timeline |
IShares High Lagged Returns
When evaluating IShares High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares High etf have on its future price. IShares High 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 High autocorrelation shows the relationship between IShares High etf current value and its past values and can show if there is a momentum factor associated with investing in iShares High Dividend.
Regressed Prices |
| Timeline |
Pair Trading with IShares High
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 High 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 High will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.87 | VGG | Vanguard Dividend | PairCorr |
| 0.74 | CUD | iShares Dividend Growers | PairCorr |
| 0.89 | ZDY | BMO Dividend ETF | PairCorr |
| 0.87 | ZWH | BMO High Dividend | PairCorr |
| 0.89 | VGH | Vanguard Dividend | PairCorr |
The ability to find closely correlated positions to IShares High 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 High 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 High - 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 High Dividend to buy it.
The correlation of IShares High 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 High moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares High Dividend 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 High 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 High 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 High security.