IShares Smart (Germany) Market Value
| AYEU Etf | EUR 7.57 0.04 0.53% |
| Symbol | IShares |
Please note, there is a significant difference between IShares Smart's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Smart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Smart'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 Smart '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 Smart'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 Smart.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in IShares Smart on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Smart City or generate 0.0% return on investment in IShares Smart over 540 days. IShares Smart is related to or competes with IShares Emerging, and IShares MSCI. More
IShares Smart 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 Smart'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 Smart City upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.15 | |||
| Information Ratio | 0.0066 | |||
| Maximum Drawdown | 4.82 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.41 |
IShares Smart Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Smart's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Smart's standard deviation. In reality, there are many statistical measures that can use IShares Smart historical prices to predict the future IShares Smart's volatility.| Risk Adjusted Performance | 0.1134 | |||
| Jensen Alpha | 0.0768 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0052 | |||
| Treynor Ratio | 0.3142 |
iShares Smart City Backtested Returns
Currently, iShares Smart City is not too volatile. iShares Smart City holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Smart City, which you can use to evaluate the volatility of the entity. Please check out IShares Smart's Risk Adjusted Performance of 0.1134, downside deviation of 1.15, and Market Risk Adjusted Performance of 0.3242 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The etf retains a Market Volatility (i.e., Beta) of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Smart's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Smart is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
iShares Smart City has modest predictability. Overlapping area represents the amount of predictability between IShares Smart time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 Smart City price movement. The serial correlation of 0.55 indicates that about 55.0% of current IShares Smart price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
iShares Smart City lagged returns against current returns
Autocorrelation, which is IShares Smart 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 Smart's etf expected returns. We can calculate the autocorrelation of IShares Smart returns to help us make a trade decision. For example, suppose you find that IShares Smart 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 Smart 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 Smart etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Smart etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Smart etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Smart Lagged Returns
When evaluating IShares Smart's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Smart etf have on its future price. IShares Smart 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 Smart autocorrelation shows the relationship between IShares Smart etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Smart City.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in IShares Etf
IShares Smart financial ratios help investors to determine whether IShares 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 IShares with respect to the benefits of owning IShares Smart security.