Ishares Healthcare Etf Market Value
| IYH Etf | USD 59.26 0.14 0.24% |
| Symbol | IShares |
The market value of iShares Healthcare 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 Healthcare's value that differs from its market value or its book value, called intrinsic value, which is IShares Healthcare'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 Healthcare's market value can be influenced by many factors that don't directly affect IShares Healthcare'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 Healthcare's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Healthcare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Healthcare'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 Healthcare '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 Healthcare'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 Healthcare.
| 05/09/2023 |
| 05/03/2024 |
If you would invest 0.00 in IShares Healthcare on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Healthcare ETF or generate 0.0% return on investment in IShares Healthcare over 360 days. IShares Healthcare is related to or competes with Invesco DWA, Invesco DWA, Invesco DWA, and Invesco DWA. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Healthcare 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 Healthcare'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 Healthcare ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6064 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 2.84 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.26 |
IShares Healthcare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Healthcare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Healthcare's standard deviation. In reality, there are many statistical measures that can use IShares Healthcare historical prices to predict the future IShares Healthcare's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0014 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Healthcare'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 Healthcare ETF Backtested Returns
iShares Healthcare ETF holds Efficiency (Sharpe) Ratio of -0.0092, which attests that the entity had a -0.0092% return per unit of risk over the last 3 months. iShares Healthcare ETF exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Healthcare's Risk Adjusted Performance of 0.0111, downside deviation of 0.6064, and Market Risk Adjusted Performance of 0.0114 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Healthcare's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Healthcare is expected to be smaller as well.
Auto-correlation | 0.43 |
Average predictability
iShares Healthcare ETF has average predictability. Overlapping area represents the amount of predictability between IShares Healthcare time series from 9th of May 2023 to 5th of November 2023 and 5th of November 2023 to 3rd of May 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 Healthcare ETF price movement. The serial correlation of 0.43 indicates that just about 43.0% of current IShares Healthcare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 8.42 |
iShares Healthcare ETF lagged returns against current returns
Autocorrelation, which is IShares Healthcare 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 Healthcare's etf expected returns. We can calculate the autocorrelation of IShares Healthcare returns to help us make a trade decision. For example, suppose you find that IShares Healthcare 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 Healthcare 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 Healthcare etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Healthcare etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Healthcare etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Healthcare Lagged Returns
When evaluating IShares Healthcare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Healthcare etf have on its future price. IShares Healthcare 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 Healthcare autocorrelation shows the relationship between IShares Healthcare etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Healthcare ETF.
Regressed Prices |
| Timeline |
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IShares Healthcare 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.