Ishares Technology Etf Market Value
| IYW Etf | USD 159.33 1.39 0.88% |
| Symbol | IShares |
The market value of iShares Technology ETF 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 Technology's value that differs from its market value or its book value, called intrinsic value, which is IShares Technology'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 Technology's market value can be influenced by many factors that don't directly affect IShares Technology'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 Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Technology'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 Technology '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 Technology'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 Technology.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in IShares Technology on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Technology ETF or generate 0.0% return on investment in IShares Technology over 30 days. IShares Technology is related to or competes with IShares Healthcare, IShares Financials, IShares Telecommunicatio, IShares Industrials, and IShares Consumer. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Technology 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 Technology'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 Technology ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 6.39 | |||
| Value At Risk | (2.37) | |||
| Potential Upside | 2.09 |
IShares Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Technology's standard deviation. In reality, there are many statistical measures that can use IShares Technology historical prices to predict the future IShares Technology's volatility.| Risk Adjusted Performance | 0.0832 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1215 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Technology'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 Technology ETF Backtested Returns
IShares Technology appears to be very steady, given 3 months investment horizon. iShares Technology ETF holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Technology ETF, which you can use to evaluate the volatility of the entity. Please utilize IShares Technology's Risk Adjusted Performance of 0.0832, downside deviation of 1.62, and Market Risk Adjusted Performance of 0.1315 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.02, which attests to a somewhat significant risk relative to the market. IShares Technology returns are very sensitive to returns on the market. As the market goes up or down, IShares Technology is expected to follow.
Auto-correlation | 0.79 |
Good predictability
iShares Technology ETF has good predictability. Overlapping area represents the amount of predictability between IShares Technology time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 Technology ETF price movement. The serial correlation of 0.79 indicates that around 79.0% of current IShares Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 1.74 |
iShares Technology ETF lagged returns against current returns
Autocorrelation, which is IShares Technology 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 Technology's etf expected returns. We can calculate the autocorrelation of IShares Technology returns to help us make a trade decision. For example, suppose you find that IShares Technology 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 Technology 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 Technology etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Technology etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Technology etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Technology Lagged Returns
When evaluating IShares Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Technology etf have on its future price. IShares Technology 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 Technology autocorrelation shows the relationship between IShares Technology etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Technology ETF.
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 Technology ETF is a strong investment it is important to analyze IShares Technology's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IShares Technology's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares Technology Correlation, IShares Technology Volatility and IShares Technology Alpha and Beta module to complement your research on IShares Technology. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
IShares Technology 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.