Ishares Small Cap Etf Market Value
| SVAL Etf | USD 35.46 0.27 0.76% |
| Symbol | IShares |
The market value of iShares Small Cap 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 Small's value that differs from its market value or its book value, called intrinsic value, which is IShares Small'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 Small's market value can be influenced by many factors that don't directly affect IShares Small'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 Small's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Small is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Small'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 Small '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 Small'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 Small.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in IShares Small on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Small Cap or generate 0.0% return on investment in IShares Small over 30 days. IShares Small is related to or competes with Horizon Kinetics, Virtus ETF, IShares MSCI, and Pacer Cash. The index measures the performance of small-capitalization U.S More
IShares Small 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 Small'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 Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.11 | |||
| Information Ratio | 0.0173 | |||
| Maximum Drawdown | 11.42 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 2.47 |
IShares Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Small's standard deviation. In reality, there are many statistical measures that can use IShares Small historical prices to predict the future IShares Small's volatility.| Risk Adjusted Performance | 0.071 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | 0.0258 | |||
| Treynor Ratio | 0.0744 |
iShares Small Cap Backtested Returns
IShares Small appears to be very steady, given 3 months investment horizon. iShares Small Cap 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. We have found thirty technical indicators for iShares Small Cap, which you can use to evaluate the volatility of the entity. Please utilize IShares Small's Risk Adjusted Performance of 0.071, market risk adjusted performance of 0.0844, and Downside Deviation of 1.11 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 1.77, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, IShares Small will likely underperform.
Auto-correlation | 0.81 |
Very good predictability
iShares Small Cap has very good predictability. Overlapping area represents the amount of predictability between IShares Small time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Small Cap price movement. The serial correlation of 0.81 indicates that around 81.0% of current IShares Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
iShares Small Cap lagged returns against current returns
Autocorrelation, which is IShares Small 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 Small's etf expected returns. We can calculate the autocorrelation of IShares Small returns to help us make a trade decision. For example, suppose you find that IShares Small 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 Small 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 Small etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Small etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Small etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Small Lagged Returns
When evaluating IShares Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Small etf have on its future price. IShares Small 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 Small autocorrelation shows the relationship between IShares Small etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Small Cap.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out IShares Small Correlation, IShares Small Volatility and IShares Small Alpha and Beta module to complement your research on IShares Small. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
IShares Small 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.