Ishares Russell 3000 Etf Market Value
| IWV Etf | USD 346.20 2.11 0.61% |
| Symbol | IShares |
The market value of iShares Russell 3000 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 Russell's value that differs from its market value or its book value, called intrinsic value, which is IShares Russell'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 Russell's market value can be influenced by many factors that don't directly affect IShares Russell'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 Russell's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Russell is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Russell'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 Russell '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 Russell'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 Russell.
| 12/07/2023 |
| 12/01/2024 |
If you would invest 0.00 in IShares Russell on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Russell 3000 or generate 0.0% return on investment in IShares Russell over 360 days. IShares Russell is related to or competes with IShares Russell, IShares Dow, IShares SP, IShares SP, and IShares Russell. The fund generally invests at least 80 percent of its assets in the component securities of its underlying index and in ... More
IShares Russell 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 Russell'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 Russell 3000 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8371 | |||
| Information Ratio | 1.0E-4 | |||
| Maximum Drawdown | 4.11 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.16 |
IShares Russell Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Russell's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Russell's standard deviation. In reality, there are many statistical measures that can use IShares Russell historical prices to predict the future IShares Russell's volatility.| Risk Adjusted Performance | 0.1348 | |||
| Jensen Alpha | 0.0138 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 1.0E-4 | |||
| Treynor Ratio | 0.1431 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Russell'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 Russell 3000 Backtested Returns
At this stage we consider IShares Etf to be very steady. iShares Russell 3000 holds Efficiency (Sharpe) Ratio of 0.21, which attests that the entity had a 0.21% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Russell 3000, which you can use to evaluate the volatility of the entity. Please check out IShares Russell's Market Risk Adjusted Performance of 0.1531, downside deviation of 0.8371, and Risk Adjusted Performance of 0.1348 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The etf retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. IShares Russell returns are very sensitive to returns on the market. As the market goes up or down, IShares Russell is expected to follow.
Auto-correlation | 0.71 |
Good predictability
iShares Russell 3000 has good predictability. Overlapping area represents the amount of predictability between IShares Russell time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 Russell 3000 price movement. The serial correlation of 0.71 indicates that around 71.0% of current IShares Russell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 148.88 |
iShares Russell 3000 lagged returns against current returns
Autocorrelation, which is IShares Russell 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 Russell's etf expected returns. We can calculate the autocorrelation of IShares Russell returns to help us make a trade decision. For example, suppose you find that IShares Russell 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 |
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IShares Russell 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 Russell etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Russell etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Russell etf over time.
Current vs Lagged Prices |
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IShares Russell Lagged Returns
When evaluating IShares Russell's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Russell etf have on its future price. IShares Russell 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 Russell autocorrelation shows the relationship between IShares Russell etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Russell 3000.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out IShares Russell Correlation, IShares Russell Volatility and IShares Russell Alpha and Beta module to complement your research on IShares Russell. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
IShares Russell 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.