Ishares Environmental Infrastructure Etf Market Value
| EFRA Etf | USD 30.59 0.05 0.16% |
| Symbol | IShares |
The market value of iShares Environmental 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 Environmental's value that differs from its market value or its book value, called intrinsic value, which is IShares Environmental'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 Environmental's market value can be influenced by many factors that don't directly affect IShares Environmental'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 Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Environmental'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 Environmental '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 Environmental'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 Environmental.
| 11/25/2024 |
| 12/25/2024 |
If you would invest 0.00 in IShares Environmental on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Environmental Infrastructure or generate 0.0% return on investment in IShares Environmental over 30 days. IShares Environmental is related to or competes with IShares Infrastructure, Global X, Global X, Invesco Dynamic, and IShares Global. The fund seeks to track the investment results of the index, which has been developed by FTSE International Limited More
IShares Environmental 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 Environmental'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 Environmental Infrastructure upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.48 | |||
| Value At Risk | (0.94) | |||
| Potential Upside | 1.08 |
IShares Environmental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Environmental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Environmental's standard deviation. In reality, there are many statistical measures that can use IShares Environmental historical prices to predict the future IShares Environmental's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.35) |
iShares Environmental Backtested Returns
iShares Environmental holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. iShares Environmental exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Environmental's Market Risk Adjusted Performance of (0.34), risk adjusted performance of (0.10), and Standard Deviation of 0.7384 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Environmental's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Environmental is expected to be smaller as well.
Auto-correlation | 0.62 |
Good predictability
iShares Environmental Infrastructure has good predictability. Overlapping area represents the amount of predictability between IShares Environmental time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Environmental price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current IShares Environmental price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.57 |
iShares Environmental lagged returns against current returns
Autocorrelation, which is IShares Environmental 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 Environmental's etf expected returns. We can calculate the autocorrelation of IShares Environmental returns to help us make a trade decision. For example, suppose you find that IShares Environmental 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 Environmental 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 Environmental etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Environmental etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Environmental etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Environmental Lagged Returns
When evaluating IShares Environmental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Environmental etf have on its future price. IShares Environmental 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 Environmental autocorrelation shows the relationship between IShares Environmental etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Environmental Infrastructure.
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.When determining whether iShares Environmental offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Environmental's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ishares Environmental Infrastructure Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Environmental Infrastructure Etf:Check out IShares Environmental Correlation, IShares Environmental Volatility and IShares Environmental Alpha and Beta module to complement your research on IShares Environmental. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
IShares Environmental technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.