Ishares International Dividend Etf Market Value
| IGRO Etf | USD 68.27 0.08 0.12% |
| Symbol | IShares |
The market value of iShares International 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 International's value that differs from its market value or its book value, called intrinsic value, which is IShares International'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 International's market value can be influenced by many factors that don't directly affect IShares International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares International'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 International '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 International'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 International.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in IShares International on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding iShares International Dividend or generate 0.0% return on investment in IShares International over 30 days. IShares International is related to or competes with IShares MSCI, IShares MSCI, IShares MSCI, IShares Currency, and IShares Edge. The fund seeks to track the investment results of the index, which is a dividend dollars weighted index that seeks to me... More
IShares International 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 International'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 International Dividend upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.45) | |||
| Potential Upside | 0.976 |
IShares International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares International's standard deviation. In reality, there are many statistical measures that can use IShares International historical prices to predict the future IShares International's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (0.76) |
iShares International Backtested Returns
iShares International holds Efficiency (Sharpe) Ratio of -0.15, which attests that the entity had a -0.15% return per unit of risk over the last 3 months. iShares International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares International's Risk Adjusted Performance of (0.12), standard deviation of 0.7391, and Market Risk Adjusted Performance of (0.75) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares International's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares International is expected to be smaller as well.
Auto-correlation | -0.47 |
Modest reverse predictability
iShares International Dividend has modest reverse predictability. Overlapping area represents the amount of predictability between IShares International time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 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 International price movement. The serial correlation of -0.47 indicates that about 47.0% of current IShares International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
iShares International lagged returns against current returns
Autocorrelation, which is IShares International 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 International's etf expected returns. We can calculate the autocorrelation of IShares International returns to help us make a trade decision. For example, suppose you find that IShares International 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares International etf over time.
Current vs Lagged Prices |
| Timeline |
IShares International Lagged Returns
When evaluating IShares International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares International etf have on its future price. IShares International 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 International autocorrelation shows the relationship between IShares International etf current value and its past values and can show if there is a momentum factor associated with investing in iShares International Dividend.
Regressed Prices |
| Timeline |
Pair Trading with IShares International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IShares International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares International will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.97 | VEA | Vanguard FTSE Developed Sell-off Trend | PairCorr |
| 0.96 | IEFA | iShares Core MSCI | PairCorr |
| 0.96 | VEU | Vanguard FTSE All Sell-off Trend | PairCorr |
| 0.96 | EFA | iShares MSCI EAFE Sell-off Trend | PairCorr |
| 0.96 | IXUS | iShares Core MSCI | PairCorr |
Moving against IShares Etf
| 0.86 | DSJA | DSJA | PairCorr |
| 0.82 | RSPY | Tuttle Capital Management | PairCorr |
| 0.81 | MEME | Roundhill Investments | PairCorr |
The ability to find closely correlated positions to IShares International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares International Dividend to buy it.
The correlation of IShares International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IShares International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out IShares International Correlation, IShares International Volatility and IShares International Alpha and Beta module to complement your research on IShares International. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
IShares International 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.