Ishares Silver Trust Etf Market Value
| SLV Etf | USD 25.86 0.01 0.04% |
| Symbol | IShares |
The market value of iShares Silver Trust 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 Silver's value that differs from its market value or its book value, called intrinsic value, which is IShares Silver'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 Silver's market value can be influenced by many factors that don't directly affect IShares Silver'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 Silver's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Silver is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Silver'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 Silver '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 Silver'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 Silver.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in IShares Silver on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Silver Trust or generate 0.0% return on investment in IShares Silver over 30 days. IShares Silver is related to or competes with SPDR Gold, VanEck Gold, United States, IShares Gold, and VanEck Junior. The Trust seeks to reflect such performance before payment of the Trusts expenses and liabilities More
IShares Silver 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 Silver'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 Silver Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.35 | |||
| Information Ratio | 0.1816 | |||
| Maximum Drawdown | 6.6 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 3.17 |
IShares Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Silver's standard deviation. In reality, there are many statistical measures that can use IShares Silver historical prices to predict the future IShares Silver's volatility.| Risk Adjusted Performance | 0.1453 | |||
| Jensen Alpha | 0.3413 | |||
| Total Risk Alpha | 0.1948 | |||
| Sortino Ratio | 0.2118 | |||
| Treynor Ratio | 9.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Silver'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 Silver Trust Backtested Returns
IShares Silver appears to be very steady, given 3 months investment horizon. iShares Silver Trust holds Efficiency (Sharpe) Ratio of 0.26, which attests that the entity had a 0.26% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Silver Trust, which you can use to evaluate the volatility of the entity. Please utilize IShares Silver's Risk Adjusted Performance of 0.1453, downside deviation of 1.35, and Market Risk Adjusted Performance of 9.05 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.038, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Silver is expected to be smaller as well.
Auto-correlation | 0.13 |
Insignificant predictability
iShares Silver Trust has insignificant predictability. Overlapping area represents the amount of predictability between IShares Silver time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Silver Trust price movement. The serial correlation of 0.13 indicates that less than 13.0% of current IShares Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.13 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.22 |
iShares Silver Trust lagged returns against current returns
Autocorrelation, which is IShares Silver 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 Silver's etf expected returns. We can calculate the autocorrelation of IShares Silver returns to help us make a trade decision. For example, suppose you find that IShares Silver 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 Silver 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 Silver etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Silver etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Silver etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Silver Lagged Returns
When evaluating IShares Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Silver etf have on its future price. IShares Silver 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 Silver autocorrelation shows the relationship between IShares Silver etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Silver Trust.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether iShares Silver Trust is a strong investment it is important to analyze IShares Silver's 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 Silver's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares Silver Correlation, IShares Silver Volatility and IShares Silver Alpha and Beta module to complement your research on IShares Silver. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
IShares Silver 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.