Patrick OConnor - IShares Global Portfolio Managers
| IXP Etf | USD 98.82 0.27 0.27% |
Patrick OConnor is an employee of BGFA and BGI and was one of the Portfolio Managers primarily responsible for the daytoday management of the Funds since February 2006. Mr. OConnor was a senior portfolio manager with BGFA and BGI since 1999.
| Age | 48 |
| Issuer | iShares |
| Inception Date | 2001-11-12 |
| Benchmark | S&P Global 1200 Communication Services 4.5/22.5/45 Capped Index (USD) |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 401.75 Million |
| Average Trading Valume | 15,046.4 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Communication Services |
| Market Concentration | Blended Development |
iShares Global Comm Money Managers
| S Leung, Portfolio Managers | ||
| Patrick OConnor, Portfolio Managers |
IShares Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is IShares Global a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Price To Earning | 1.72 X | |||
| Price To Book | 2.08 X | |||
| Price To Sales | 1.32 X | |||
| Gross Profit | 4.54 M | |||
| Earnings Per Share | 7.99 X | |||
| Beta | 1.01 | |||
| Market Capitalization | 237.28 M | |||
| Total Asset | 188.45 M | |||
| One Year Return | 34.10 % | |||
| Three Year Return | 7.40 % |
Pair Trading with IShares Global
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 Global 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 Global will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.93 | XLC | Communication Services Sell-off Trend | PairCorr |
| 0.96 | VOX | Vanguard Communication | PairCorr |
| 0.96 | FCOM | Fidelity MSCI Commun | PairCorr |
| 0.82 | IYZ | IShares Telecommunicatio | PairCorr |
| 0.91 | ESPO | VanEck Video Gaming | PairCorr |
Moving against IShares Etf
The ability to find closely correlated positions to IShares Global 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 Global 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 Global - 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 Global Comm to buy it.
The correlation of IShares Global 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 Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Global Comm 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 Global 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Global Comm. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of iShares Global Comm 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 Global's value that differs from its market value or its book value, called intrinsic value, which is IShares Global'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 Global's market value can be influenced by many factors that don't directly affect IShares Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Global'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.