IShares China (Australia) Market Value
| IZZ Etf | 46.30 0.27 0.59% |
| Symbol | IShares |
IShares China '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 China'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 China.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in IShares China on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding iShares China LargeCap or generate 0.0% return on investment in IShares China over 720 days. IShares China is related to or competes with IShares MSCI, IShares CoreSP, IShares SP, IShares SPASX, IShares Edge, IShares Core, and IShares Global. IShares China is entity of Australia. It is traded as Etf on AU exchange. More
IShares China 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 China'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 China LargeCap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.89 | |||
| Information Ratio | 0.0528 | |||
| Maximum Drawdown | 14.78 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 4.38 |
IShares China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares China's standard deviation. In reality, there are many statistical measures that can use IShares China historical prices to predict the future IShares China's volatility.| Risk Adjusted Performance | 0.0935 | |||
| Jensen Alpha | 0.2319 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0633 | |||
| Treynor Ratio | 2.08 |
iShares China LargeCap Backtested Returns
IShares China appears to be very steady, given 3 months investment horizon. iShares China LargeCap holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares China LargeCap, which you can use to evaluate the volatility of the entity. Please utilize IShares China's Downside Deviation of 1.89, market risk adjusted performance of 2.09, and Risk Adjusted Performance of 0.0935 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares China's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares China is expected to be smaller as well.
Auto-correlation | -0.66 |
Very good reverse predictability
iShares China LargeCap has very good reverse predictability. Overlapping area represents the amount of predictability between IShares China time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 China LargeCap price movement. The serial correlation of -0.66 indicates that around 66.0% of current IShares China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 22.18 |
iShares China LargeCap lagged returns against current returns
Autocorrelation, which is IShares China 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 China's etf expected returns. We can calculate the autocorrelation of IShares China returns to help us make a trade decision. For example, suppose you find that IShares China 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 China 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 China etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares China etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares China etf over time.
Current vs Lagged Prices |
| Timeline |
IShares China Lagged Returns
When evaluating IShares China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares China etf have on its future price. IShares China 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 China autocorrelation shows the relationship between IShares China etf current value and its past values and can show if there is a momentum factor associated with investing in iShares China LargeCap.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in IShares Etf
IShares China financial ratios help investors to determine whether IShares Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in IShares with respect to the benefits of owning IShares China security.