Ishares Russell Top Etf Market Value
| IWX Etf | USD 79.09 0.84 1.07% |
| Symbol | IShares |
The market value of iShares Russell Top 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.
| 01/02/2023 |
| 12/22/2024 |
If you would invest 0.00 in IShares Russell on January 2, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Russell Top or generate 0.0% return on investment in IShares Russell over 720 days. IShares Russell is related to or competes with Northern Lights, Sterling Capital, Morningstar Unconstrained, Thrivent High, Via Renewables, T Rowe, and 70082LAB3. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... 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 Top upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 5.15 | |||
| Value At Risk | (0.71) | |||
| Potential Upside | 1.05 |
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 | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.03) |
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 Top Backtested Returns
iShares Russell Top holds Efficiency (Sharpe) Ratio of -0.0266, which attests that the entity had a -0.0266% return per unit of risk over the last 3 months. iShares Russell Top exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Russell's Standard Deviation of 0.6869, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.02) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.81, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Russell's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Russell is expected to be smaller as well.
Auto-correlation | 0.30 |
Below average predictability
iShares Russell Top has below average predictability. Overlapping area represents the amount of predictability between IShares Russell time series from 2nd of January 2023 to 28th of December 2023 and 28th of December 2023 to 22nd 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 Top price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current IShares Russell price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 18.77 |
iShares Russell Top 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 |
| Timeline |
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 |
| Timeline |
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 Top.
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 Russell Top offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Russell'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 Russell Top Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Russell Top Etf: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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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.