ISharesGlobal 100 (Australia) Market Value
| IOO Etf | 141.86 0.52 0.37% |
| Symbol | ISharesGlobal |
ISharesGlobal 100 '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 ISharesGlobal 100'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 ISharesGlobal 100.
| 04/07/2024 |
| 10/04/2024 |
If you would invest 0.00 in ISharesGlobal 100 on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding iSharesGlobal 100 or generate 0.0% return on investment in ISharesGlobal 100 over 180 days. ISharesGlobal 100 is related to or competes with IShares MSCI, and VanEck Vectors. ISharesGlobal 100 is entity of Australia More
ISharesGlobal 100 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 ISharesGlobal 100'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 iSharesGlobal 100 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 4.58 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.15 |
ISharesGlobal 100 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ISharesGlobal 100's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ISharesGlobal 100's standard deviation. In reality, there are many statistical measures that can use ISharesGlobal 100 historical prices to predict the future ISharesGlobal 100's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ISharesGlobal 100'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.
iSharesGlobal 100 Backtested Returns
iSharesGlobal 100 holds Efficiency (Sharpe) Ratio of -0.0401, which attests that the entity had a -0.0401% return per unit of risk over the last 3 months. iSharesGlobal 100 exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out ISharesGlobal 100's Standard Deviation of 1.01, risk adjusted performance of (0.03), and Market Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ISharesGlobal 100's returns are expected to increase less than the market. However, during the bear market, the loss of holding ISharesGlobal 100 is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
iSharesGlobal 100 has poor reverse predictability. Overlapping area represents the amount of predictability between ISharesGlobal 100 time series from 7th of April 2024 to 6th of July 2024 and 6th of July 2024 to 4th of October 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 iSharesGlobal 100 price movement. The serial correlation of -0.39 indicates that just about 39.0% of current ISharesGlobal 100 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 7.07 |
iSharesGlobal 100 lagged returns against current returns
Autocorrelation, which is ISharesGlobal 100 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 ISharesGlobal 100's etf expected returns. We can calculate the autocorrelation of ISharesGlobal 100 returns to help us make a trade decision. For example, suppose you find that ISharesGlobal 100 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 |
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ISharesGlobal 100 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 ISharesGlobal 100 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ISharesGlobal 100 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ISharesGlobal 100 etf over time.
Current vs Lagged Prices |
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ISharesGlobal 100 Lagged Returns
When evaluating ISharesGlobal 100's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ISharesGlobal 100 etf have on its future price. ISharesGlobal 100 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, ISharesGlobal 100 autocorrelation shows the relationship between ISharesGlobal 100 etf current value and its past values and can show if there is a momentum factor associated with investing in iSharesGlobal 100.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in ISharesGlobal Etf
ISharesGlobal 100 financial ratios help investors to determine whether ISharesGlobal 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 ISharesGlobal with respect to the benefits of owning ISharesGlobal 100 security.