Ishares Environmentally Aware Etf Market Value
| ERET Etf | 26.84 0.08 0.30% |
| Symbol | IShares |
The market value of iShares Environmentally 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 Environmentally's value that differs from its market value or its book value, called intrinsic value, which is IShares Environmentally'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 Environmentally's market value can be influenced by many factors that don't directly affect IShares Environmentally'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 Environmentally's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Environmentally is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Environmentally'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 Environmentally '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 Environmentally'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 Environmentally.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in IShares Environmentally on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Environmentally Aware or generate 0.0% return on investment in IShares Environmentally over 390 days. IShares Environmentally is related to or competes with Avantis Emerging, American Century, Avantis Emerging, Avantis Equity, and Avantis International. IShares Environmentally is entity of United States More
IShares Environmentally 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 Environmentally'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 Environmentally Aware upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 0.9444 |
IShares Environmentally Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Environmentally's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Environmentally's standard deviation. In reality, there are many statistical measures that can use IShares Environmentally historical prices to predict the future IShares Environmentally's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.36) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Environmentally's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
iShares Environmentally Backtested Returns
iShares Environmentally 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 Environmentally exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Environmentally's Standard Deviation of 0.7107, market risk adjusted performance of (0.35), and Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Environmentally's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Environmentally is expected to be smaller as well.
Auto-correlation | 0.05 |
Virtually no predictability
iShares Environmentally Aware has virtually no predictability. Overlapping area represents the amount of predictability between IShares Environmentally time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Environmentally price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current IShares Environmentally price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 1.83 |
iShares Environmentally lagged returns against current returns
Autocorrelation, which is IShares Environmentally 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 Environmentally's etf expected returns. We can calculate the autocorrelation of IShares Environmentally returns to help us make a trade decision. For example, suppose you find that IShares Environmentally 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 Environmentally 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 Environmentally etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Environmentally etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Environmentally etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Environmentally Lagged Returns
When evaluating IShares Environmentally's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Environmentally etf have on its future price. IShares Environmentally 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 Environmentally autocorrelation shows the relationship between IShares Environmentally etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Environmentally Aware.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out IShares Environmentally Correlation, IShares Environmentally Volatility and IShares Environmentally Alpha and Beta module to complement your research on IShares Environmentally. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
IShares Environmentally 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.