Ishares Basic Materials Etf Price on March 7, 2024
| IYM Etf | USD 129.84 1.39 1.06% |
Below is the normalized historical share price chart for iShares Basic Materials extending back to June 20, 2000. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of IShares Basic stands at 129.84, as last reported on the 21st of December, with the highest price reaching 131.36 and the lowest price hitting 129.84 during the day.
If you're considering investing in IShares Etf, it is important to understand the factors that can impact its price. iShares Basic Materials 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. iShares Basic Materials exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Basic's Market Risk Adjusted Performance of (3.08), standard deviation of 0.9453, and Risk Adjusted Performance of (0.12) to validate the risk estimate we provide.
IShares Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 22.73 | 200 Day MA 144.1919 | 1 y Volatility 13.51 | 50 Day MA 145.7802 | Inception Date 2000-06-12 |
IShares |
Sharpe Ratio = -0.1947
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| Negative Returns | IYM |
Estimated Market Risk
| 0.92 actual daily | 8 92% of assets are more volatile |
Expected Return
| -0.18 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IShares Basic is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IShares Basic by adding IShares Basic to a well-diversified portfolio.
Average Mkt Cap Mil 41.2 K |
IShares Basic Valuation on March 7, 2024
It is possible to determine the worth of IShares Basic on a given historical date. On March 7, 2024 IShares was worth 139.07 at the beginning of the trading date compared to the closed value of 140.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IShares Basic etf. Still, in general, we apply an absolute valuation method to find IShares Basic's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of IShares Basic where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IShares Basic's related companies.
| Open | High | Low | Close | Volume | |
| 137.92 | 138.77 | 137.64 | 138.16 | 18,376 | |
03/07/2024 | 139.07 | 140.64 | 139.07 | 140.17 | 11,248 |
| 140.29 | 140.61 | 139.44 | 139.48 | 17,790 |
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IShares Basic Trading Date Momentum on March 7, 2024
| On March 08 2024 iShares Basic Materials was traded for 139.48 at the closing time. Highest IShares Basic's price during the trading hours was 140.61 and the lowest price during the day was 139.44 . The net volume was 17.8 K. The overall trading history on the 8th of March contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 0.49% . The trading date delta to current price is 1.43% . |
iShares Basic Materials Fundamentals Correlations and Trends
By evaluating IShares Basic's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among IShares Basic's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IShares financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IShares Basic Etf history
IShares Basic investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for IShares is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in iShares Basic Materials will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing IShares Basic stock prices may prove useful in developing a viable investing in IShares Basic
The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. US Basic is traded on NYSEARCA Exchange in the United States.
IShares Basic Etf Technical Analysis
IShares Basic 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.
Price Boundaries
IShares Basic Period Price Range
Low | December 21, 2024
| High |
0.00 | 0.00 |
iShares Basic Materials cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
IShares Basic December 21, 2024 Market Strength
Market strength indicators help investors to evaluate how IShares Basic etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IShares Basic shares will generate the highest return on investment. By undertsting and applying IShares Basic etf market strength indicators, traders can identify iShares Basic Materials entry and exit signals to maximize returns
IShares Basic Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IShares Basic's price direction in advance. Along with the technical and fundamental analysis of IShares Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of IShares to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (3.09) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Basic Materials. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
The market value of iShares Basic Materials 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 Basic's value that differs from its market value or its book value, called intrinsic value, which is IShares Basic'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 Basic's market value can be influenced by many factors that don't directly affect IShares Basic'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 Basic's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Basic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Basic'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.