IShares Trust's market value is the price at which a share of IShares Trust trades on a public exchange. It measures the collective expectations of iShares Trust investors about its performance. IShares Trust is trading at 103.50 as of the 1st of December 2024, a 2.45 percent increase since the beginning of the trading day. The etf's open price was 101.02. With this module, you can estimate the performance of a buy and hold strategy of iShares Trust and determine expected loss or profit from investing in IShares Trust over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.
Symbol
IShares
IShares Trust '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 Trust'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 Trust.
0.00
06/10/2023
No Change 0.00
0.0
In 1 year 5 months and 24 days
12/01/2024
0.00
If you would invest 0.00 in IShares Trust on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Trust or generate 0.0% return on investment in IShares Trust over 540 days.
IShares Trust 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 Trust'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 Trust upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Trust's standard deviation. In reality, there are many statistical measures that can use IShares Trust historical prices to predict the future IShares Trust's volatility.
Please note, it is not enough to conduct a financial or market analysis of a single entity such as IShares Trust. Your research has to be compared to or analyzed against IShares Trust's peers to derive any actionable benefits. When done correctly, IShares Trust's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in iShares Trust.
iShares Trust Backtested Returns
IShares Trust appears to be very steady, given 3 months investment horizon. iShares Trust holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Trust, which you can use to evaluate the volatility of the entity. Please utilize IShares Trust's Risk Adjusted Performance of 0.1586, downside deviation of 1.22, and Market Risk Adjusted Performance of (0.89) to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of -0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares Trust are expected to decrease at a much lower rate. During the bear market, IShares Trust is likely to outperform the market.
Auto-correlation
0.31
Below average predictability
iShares Trust has below average predictability. Overlapping area represents the amount of predictability between IShares Trust time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 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 Trust price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current IShares Trust price fluctuation can be explain by its past prices.
Correlation Coefficient
0.31
Spearman Rank Test
0.16
Residual Average
0.0
Price Variance
26.61
iShares Trust lagged returns against current returns
Autocorrelation, which is IShares Trust 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 Trust's etf expected returns. We can calculate the autocorrelation of IShares Trust returns to help us make a trade decision. For example, suppose you find that IShares Trust 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 Trust 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 Trust etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Trust etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Trust etf over time.
Current vs Lagged Prices
Timeline
IShares Trust Lagged Returns
When evaluating IShares Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Trust etf have on its future price. IShares Trust 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 Trust autocorrelation shows the relationship between IShares Trust etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Trust .
Regressed Prices
Timeline
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