Ishares Jp Morgan Etf Market Value
| XEB Etf | CAD 16.31 0.12 0.73% |
| Symbol | IShares |
IShares JP '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 JP'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 JP.
| 04/07/2024 |
| 10/04/2024 |
If you would invest 0.00 in IShares JP on April 7, 2024 and sell it all today you would earn a total of 0.00 from holding iShares JP Morgan or generate 0.0% return on investment in IShares JP over 180 days. IShares JP is related to or competes with IShares IG, IShares 1, IShares Floating, IShares Convertible, and IShares MSCI. The investment seeks to replicate, net of expenses, the performance of the J.P More
IShares JP 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 JP'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 JP Morgan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.395 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 1.53 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.6227 |
IShares JP Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares JP's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares JP's standard deviation. In reality, there are many statistical measures that can use IShares JP historical prices to predict the future IShares JP's volatility.| Risk Adjusted Performance | 0.2131 | |||
| Jensen Alpha | 0.0878 | |||
| Total Risk Alpha | 0.0481 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 8.62 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares JP'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 JP Morgan Backtested Returns
As of now, IShares Etf is very steady. iShares JP Morgan holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares JP Morgan, which you can use to evaluate the volatility of the entity. Please check out IShares JP's Risk Adjusted Performance of 0.2131, market risk adjusted performance of 8.63, and Downside Deviation of 0.395 to validate if the risk estimate we provide is consistent with the expected return of 0.0673%. The etf retains a Market Volatility (i.e., Beta) of 0.0103, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares JP's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares JP is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
iShares JP Morgan has good predictability. Overlapping area represents the amount of predictability between IShares JP 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 iShares JP Morgan price movement. The serial correlation of 0.7 indicates that around 70.0% of current IShares JP price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
iShares JP Morgan lagged returns against current returns
Autocorrelation, which is IShares JP 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 JP's etf expected returns. We can calculate the autocorrelation of IShares JP returns to help us make a trade decision. For example, suppose you find that IShares JP 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 JP 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 JP etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares JP etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares JP etf over time.
Current vs Lagged Prices |
| Timeline |
IShares JP Lagged Returns
When evaluating IShares JP's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares JP etf have on its future price. IShares JP 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 JP autocorrelation shows the relationship between IShares JP etf current value and its past values and can show if there is a momentum factor associated with investing in iShares JP Morgan.
Regressed Prices |
| Timeline |
Pair Trading with IShares JP
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 JP 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 JP will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.98 | ZEF | BMO Emerging Markets | PairCorr |
| 0.95 | QEBH | Mackenzie Emerging | PairCorr |
| 0.93 | XIU | iShares SPTSX 60 | PairCorr |
The ability to find closely correlated positions to IShares JP 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 JP 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 JP - 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 JP Morgan to buy it.
The correlation of IShares JP 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 JP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares JP Morgan 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 JP 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.Additional Information and Resources on Investing in IShares Etf
When determining whether iShares JP Morgan offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares JP's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ishares Jp Morgan Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Jp Morgan Etf:Check out IShares JP Correlation, IShares JP Volatility and IShares JP Alpha and Beta module to complement your research on IShares JP. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
IShares JP 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.