Ishares Gold Trust Etf Market Value
| IAU Etf | USD 56.29 0.02 0.04% |
| Symbol | IShares |
The market value of iShares Gold Trust 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is IShares Gold'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 Gold's market value can be influenced by many factors that don't directly affect IShares Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Gold'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 Gold '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 Gold'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 Gold.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in IShares Gold on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Gold Trust or generate 0.0% return on investment in IShares Gold over 90 days. IShares Gold is related to or competes with IShares Silver, VanEck Gold, SPDR Gold, Invesco DB, and Abrdn Physical. The Trust seeks to reflect such performance before payment of the Trusts expenses and liabilities More
IShares Gold 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 Gold'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 Gold Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9326 | |||
| Information Ratio | 0.3386 | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.49 |
IShares Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Gold's standard deviation. In reality, there are many statistical measures that can use IShares Gold historical prices to predict the future IShares Gold's volatility.| Risk Adjusted Performance | 0.1948 | |||
| Jensen Alpha | 0.1803 | |||
| Total Risk Alpha | 0.2912 | |||
| Sortino Ratio | 0.3133 | |||
| Treynor Ratio | (7.12) |
iShares Gold Trust Backtested Returns
IShares Gold appears to be very steady, given 3 months investment horizon. iShares Gold Trust holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Gold Trust, which you can use to evaluate the volatility of the entity. Please utilize IShares Gold's Risk Adjusted Performance of 0.1948, downside deviation of 0.9326, and Market Risk Adjusted Performance of (7.11) to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of -0.0257, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares Gold are expected to decrease at a much lower rate. During the bear market, IShares Gold is likely to outperform the market.
Auto-correlation | 0.44 |
Average predictability
iShares Gold Trust has average predictability. Overlapping area represents the amount of predictability between IShares Gold time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Gold Trust price movement. The serial correlation of 0.44 indicates that just about 44.0% of current IShares Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.67 |
iShares Gold Trust lagged returns against current returns
Autocorrelation, which is IShares Gold 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 Gold's etf expected returns. We can calculate the autocorrelation of IShares Gold returns to help us make a trade decision. For example, suppose you find that IShares Gold 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 Gold 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 Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Gold etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Gold Lagged Returns
When evaluating IShares Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Gold etf have on its future price. IShares Gold 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 Gold autocorrelation shows the relationship between IShares Gold etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Gold Trust.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out IShares Gold Correlation, IShares Gold Volatility and IShares Gold Alpha and Beta module to complement your research on IShares Gold. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
IShares Gold 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.