IShares NAFTRAC (Mexico) Market Value
| NAFTRACISHRS | MXN 50.99 0.48 0.95% |
| Symbol | IShares |
IShares NAFTRAC '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 NAFTRAC'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 NAFTRAC.
| 12/24/2024 |
| 01/23/2025 |
If you would invest 0.00 in IShares NAFTRAC on December 24, 2024 and sell it all today you would earn a total of 0.00 from holding iShares NAFTRAC or generate 0.0% return on investment in IShares NAFTRAC over 30 days. IShares NAFTRAC is related to or competes with IShares Trust, IShares Trust, IShares Trust, IShares Trust, IShares Trust, IShares Trust, and IShares IShares. iShares NAFTRAC is an exchange traded fund launched by Nacional Financiera S.N.C More
IShares NAFTRAC 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 NAFTRAC'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 NAFTRAC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.23 |
IShares NAFTRAC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares NAFTRAC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares NAFTRAC's standard deviation. In reality, there are many statistical measures that can use IShares NAFTRAC historical prices to predict the future IShares NAFTRAC's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.31) |
iShares NAFTRAC Backtested Returns
iShares NAFTRAC holds Efficiency (Sharpe) Ratio of -0.025, which attests that the entity had a -0.025 % return per unit of risk over the last 3 months. iShares NAFTRAC exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares NAFTRAC's Risk Adjusted Performance of (0.05), standard deviation of 0.7757, and Market Risk Adjusted Performance of (0.30) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares NAFTRAC's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares NAFTRAC is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
iShares NAFTRAC has average predictability. Overlapping area represents the amount of predictability between IShares NAFTRAC time series from 24th of December 2024 to 8th of January 2025 and 8th of January 2025 to 23rd of January 2025. 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 NAFTRAC price movement. The serial correlation of 0.41 indicates that just about 41.0% of current IShares NAFTRAC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
iShares NAFTRAC lagged returns against current returns
Autocorrelation, which is IShares NAFTRAC 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 NAFTRAC's etf expected returns. We can calculate the autocorrelation of IShares NAFTRAC returns to help us make a trade decision. For example, suppose you find that IShares NAFTRAC 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 NAFTRAC 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 NAFTRAC etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares NAFTRAC etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares NAFTRAC etf over time.
Current vs Lagged Prices |
| Timeline |
IShares NAFTRAC Lagged Returns
When evaluating IShares NAFTRAC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares NAFTRAC etf have on its future price. IShares NAFTRAC 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 NAFTRAC autocorrelation shows the relationship between IShares NAFTRAC etf current value and its past values and can show if there is a momentum factor associated with investing in iShares NAFTRAC.
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.Other Information on Investing in IShares Etf
IShares NAFTRAC 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 NAFTRAC security.