IShares Broad's market value is the price at which a share of IShares Broad trades on a public exchange. It measures the collective expectations of iShares Broad High investors about its performance. IShares Broad is trading at 5.87 as of the 19th of March 2025, a 0.17% up since the beginning of the trading day. The etf's lowest day price was 5.85. With this module, you can estimate the performance of a buy and hold strategy of iShares Broad High and determine expected loss or profit from investing in IShares Broad 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 board of governors.
Symbol
IShares
IShares Broad '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 Broad'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 Broad.
0.00
12/19/2024
No Change 0.00
0.0
In 3 months and 1 day
03/19/2025
0.00
If you would invest 0.00 in IShares Broad on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Broad High or generate 0.0% return on investment in IShares Broad over 90 days.
IShares Broad 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 Broad'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 Broad High 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 Broad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Broad's standard deviation. In reality, there are many statistical measures that can use IShares Broad historical prices to predict the future IShares Broad's volatility.
At this point, IShares Broad is very steady. iShares Broad High holds Efficiency (Sharpe) Ratio of 0.0912, which attests that the entity had a 0.0912 % return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Broad High, which you can use to evaluate the volatility of the entity. Please check out IShares Broad's Risk Adjusted Performance of 0.0563, market risk adjusted performance of 0.3812, and Downside Deviation of 0.3106 to validate if the risk estimate we provide is consistent with the expected return of 0.0236%. The etf retains a Market Volatility (i.e., Beta) of 0.0366, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Broad's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Broad is expected to be smaller as well.
Auto-correlation
0.16
Very weak predictability
iShares Broad High has very weak predictability. Overlapping area represents the amount of predictability between IShares Broad time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. 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 Broad High price movement. The serial correlation of 0.16 indicates that over 16.0% of current IShares Broad price fluctuation can be explain by its past prices.
Correlation Coefficient
0.16
Spearman Rank Test
0.29
Residual Average
0.0
Price Variance
0.0
iShares Broad High lagged returns against current returns
Autocorrelation, which is IShares Broad 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 Broad's etf expected returns. We can calculate the autocorrelation of IShares Broad returns to help us make a trade decision. For example, suppose you find that IShares Broad 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 Broad 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 Broad etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Broad etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Broad etf over time.
Current vs Lagged Prices
Timeline
IShares Broad Lagged Returns
When evaluating IShares Broad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Broad etf have on its future price. IShares Broad 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 Broad autocorrelation shows the relationship between IShares Broad etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Broad High.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.