IShares SMIM (Switzerland) Market Value
| CSSMIM Etf | CHF 276.25 0.75 0.27% |
| Symbol | IShares |
IShares SMIM '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 SMIM'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 SMIM.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in IShares SMIM on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding iShares SMIM ETF or generate 0.0% return on investment in IShares SMIM over 180 days. IShares SMIM is related to or competes with IShares SMI, IShares Swiss, IShares Core, IShares SLI, and Partners Group. ISh SMIM is traded on Switzerland Exchange in Switzerland. More
IShares SMIM 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 SMIM'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 SMIM ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.18 |
IShares SMIM Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares SMIM's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares SMIM's standard deviation. In reality, there are many statistical measures that can use IShares SMIM historical prices to predict the future IShares SMIM's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | 1.18 |
iShares SMIM ETF Backtested Returns
At this point, IShares SMIM is very steady. iShares SMIM ETF holds Efficiency (Sharpe) Ratio of 0.0041, which attests that the entity had a 0.0041% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for iShares SMIM ETF, which you can use to evaluate the volatility of the entity. Please check out IShares SMIM's Standard Deviation of 0.6727, risk adjusted performance of (0.01), and Market Risk Adjusted Performance of 1.19 to validate if the risk estimate we provide is consistent with the expected return of 0.0027%. The etf retains a Market Volatility (i.e., Beta) of -0.0142, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares SMIM are expected to decrease at a much lower rate. During the bear market, IShares SMIM is likely to outperform the market.
Auto-correlation | -0.4 |
Poor reverse predictability
iShares SMIM ETF has poor reverse predictability. Overlapping area represents the amount of predictability between IShares SMIM time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 SMIM ETF price movement. The serial correlation of -0.4 indicates that just about 40.0% of current IShares SMIM price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 26.25 |
iShares SMIM ETF lagged returns against current returns
Autocorrelation, which is IShares SMIM 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 SMIM's etf expected returns. We can calculate the autocorrelation of IShares SMIM returns to help us make a trade decision. For example, suppose you find that IShares SMIM 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 SMIM 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 SMIM etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares SMIM etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares SMIM etf over time.
Current vs Lagged Prices |
| Timeline |
IShares SMIM Lagged Returns
When evaluating IShares SMIM's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares SMIM etf have on its future price. IShares SMIM 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 SMIM autocorrelation shows the relationship between IShares SMIM etf current value and its past values and can show if there is a momentum factor associated with investing in iShares SMIM ETF.
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.Other Information on Investing in IShares Etf
IShares SMIM 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 SMIM security.