Ishares Consumer Staples Etf Market Value
| IYK Etf | USD 65.78 0.25 0.38% |
| Symbol | IShares |
The market value of iShares Consumer Staples 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 Consumer's value that differs from its market value or its book value, called intrinsic value, which is IShares Consumer'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 Consumer's market value can be influenced by many factors that don't directly affect IShares Consumer'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 Consumer's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Consumer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Consumer'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 Consumer '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 Consumer'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 Consumer.
| 01/04/2023 |
| 12/24/2024 |
If you would invest 0.00 in IShares Consumer on January 4, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Consumer Staples or generate 0.0% return on investment in IShares Consumer over 720 days. IShares Consumer is related to or competes with IShares Consumer, IShares Industrials, IShares Utilities, IShares Basic, and IShares Telecommunicatio. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Consumer 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 Consumer'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 Consumer Staples upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.20) | |||
| Maximum Drawdown | 2.28 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 0.7405 |
IShares Consumer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Consumer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Consumer's standard deviation. In reality, there are many statistical measures that can use IShares Consumer historical prices to predict the future IShares Consumer's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.40) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Consumer'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 Consumer Staples Backtested Returns
iShares Consumer Staples holds Efficiency (Sharpe) Ratio of -0.13, which attests that the entity had a -0.13% return per unit of risk over the last 3 months. iShares Consumer Staples exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Consumer's Standard Deviation of 0.5876, risk adjusted performance of (0.12), and Market Risk Adjusted Performance of (0.39) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Consumer's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Consumer is expected to be smaller as well.
Auto-correlation | -0.39 |
Poor reverse predictability
iShares Consumer Staples has poor reverse predictability. Overlapping area represents the amount of predictability between IShares Consumer time series from 4th of January 2023 to 30th of December 2023 and 30th of December 2023 to 24th 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 Consumer Staples price movement. The serial correlation of -0.39 indicates that just about 39.0% of current IShares Consumer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 5.81 |
iShares Consumer Staples lagged returns against current returns
Autocorrelation, which is IShares Consumer 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 Consumer's etf expected returns. We can calculate the autocorrelation of IShares Consumer returns to help us make a trade decision. For example, suppose you find that IShares Consumer 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 Consumer 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 Consumer etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Consumer etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Consumer etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Consumer Lagged Returns
When evaluating IShares Consumer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Consumer etf have on its future price. IShares Consumer 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 Consumer autocorrelation shows the relationship between IShares Consumer etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Consumer Staples.
Regressed Prices |
| Timeline |
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IShares Consumer 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.