Ishares Silver Bullion Etf Market Value
| SVR-C Etf | CAD 16.46 0.32 1.98% |
| Symbol | IShares |
IShares Silver '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 Silver'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 Silver.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in IShares Silver on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Silver Bullion or generate 0.0% return on investment in IShares Silver over 180 days. IShares Silver is related to or competes with Brompton Global, Global Healthcare, Tech Leaders, and Brompton North. The investment seeks to replicate, net of expenses, the price of silver bullion More
IShares Silver 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 Silver'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 Silver Bullion upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.96 | |||
| Information Ratio | 0.0042 | |||
| Maximum Drawdown | 11.23 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 3.62 |
IShares Silver Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Silver's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Silver's standard deviation. In reality, there are many statistical measures that can use IShares Silver historical prices to predict the future IShares Silver's volatility.| Risk Adjusted Performance | 0.0609 | |||
| Jensen Alpha | 0.0421 | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0043 | |||
| Treynor Ratio | 0.1847 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Silver'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 Silver Bullion Backtested Returns
IShares Silver appears to be not too volatile, given 3 months investment horizon. iShares Silver Bullion holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Silver Bullion, which you can use to evaluate the volatility of the entity. Please utilize IShares Silver's Risk Adjusted Performance of 0.0609, downside deviation of 1.96, and Market Risk Adjusted Performance of 0.1947 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Silver's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Silver is expected to be smaller as well.
Auto-correlation | -0.36 |
Poor reverse predictability
iShares Silver Bullion has poor reverse predictability. Overlapping area represents the amount of predictability between IShares Silver time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 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 Silver Bullion price movement. The serial correlation of -0.36 indicates that just about 36.0% of current IShares Silver price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
iShares Silver Bullion lagged returns against current returns
Autocorrelation, which is IShares Silver 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 Silver's etf expected returns. We can calculate the autocorrelation of IShares Silver returns to help us make a trade decision. For example, suppose you find that IShares Silver 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 Silver 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 Silver etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Silver etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Silver etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Silver Lagged Returns
When evaluating IShares Silver's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Silver etf have on its future price. IShares Silver 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 Silver autocorrelation shows the relationship between IShares Silver etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Silver Bullion.
Regressed Prices |
| Timeline |
Pair Trading with IShares Silver
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IShares Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
Moving against IShares Etf
| 0.63 | TCLB | TD Canadian Long | PairCorr |
| 0.52 | VLB | Vanguard Canadian Long | PairCorr |
| 0.49 | XLB | iShares Core Canadian | PairCorr |
| 0.43 | VGV | Vanguard Canadian | PairCorr |
| 0.36 | HBB | Global X Canadian | PairCorr |
The ability to find closely correlated positions to IShares Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Silver Bullion to buy it.
The correlation of IShares Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Silver Bullion moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IShares Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in IShares Etf
IShares Silver 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 Silver security.