Ishares North American Etf Market Value
| IGE Etf | USD 44.65 0.07 0.16% |
| Symbol | IShares |
The market value of iShares North American 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 North's value that differs from its market value or its book value, called intrinsic value, which is IShares North'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 North's market value can be influenced by many factors that don't directly affect IShares North'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 North's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares North is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares North'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 North '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 North'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 North.
| 06/28/2022 |
| 04/18/2024 |
If you would invest 0.00 in IShares North on June 28, 2022 and sell it all today you would earn a total of 0.00 from holding iShares North American or generate 0.0% return on investment in IShares North over 660 days. IShares North is related to or competes with IShares Global, IShares Global, IShares Global, IShares Global, and IShares Global. The fund generally invests at least 80 percent of its assets in the component securities of its underlying index and in ... More
IShares North 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 North'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 North American upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9508 | |||
| Information Ratio | 0.1327 | |||
| Maximum Drawdown | 4.27 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.49 |
IShares North Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares North's standard deviation. In reality, there are many statistical measures that can use IShares North historical prices to predict the future IShares North's volatility.| Risk Adjusted Performance | 0.1258 | |||
| Jensen Alpha | 0.1233 | |||
| Total Risk Alpha | 0.0994 | |||
| Sortino Ratio | 0.1243 | |||
| Treynor Ratio | 0.1841 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares North'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 North American Backtested Returns
IShares North appears to be very steady, given 3 months investment horizon. iShares North American holds Efficiency (Sharpe) Ratio of 0.28, which attests that the entity had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares North American, which you can use to evaluate the volatility of the entity. Please utilize IShares North's Downside Deviation of 0.9508, market risk adjusted performance of 0.1941, and Risk Adjusted Performance of 0.1258 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. IShares North returns are very sensitive to returns on the market. As the market goes up or down, IShares North is expected to follow.
Auto-correlation | 0.27 |
Poor predictability
iShares North American has poor predictability. Overlapping area represents the amount of predictability between IShares North time series from 28th of June 2022 to 24th of May 2023 and 24th of May 2023 to 18th of April 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 North American price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current IShares North price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | 0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 4.55 |
iShares North American lagged returns against current returns
Autocorrelation, which is IShares North 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 North's etf expected returns. We can calculate the autocorrelation of IShares North returns to help us make a trade decision. For example, suppose you find that IShares North 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 North 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 North etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares North etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares North etf over time.
Current vs Lagged Prices |
| Timeline |
IShares North Lagged Returns
When evaluating IShares North's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares North etf have on its future price. IShares North 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 North autocorrelation shows the relationship between IShares North etf current value and its past values and can show if there is a momentum factor associated with investing in iShares North American.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards IShares North in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, IShares North's short interest history, or implied volatility extrapolated from IShares North options trading.
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IShares North 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.