IShares TecDAX (Switzerland) Market Value
| TDXPEX Etf | EUR 30.77 0.33 1.06% |
| Symbol | IShares |
IShares TecDAX '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 TecDAX'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 TecDAX.
| 12/10/2024 |
| 01/09/2025 |
If you would invest 0.00 in IShares TecDAX on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding iShares TecDAX UCITS or generate 0.0% return on investment in IShares TecDAX over 30 days. IShares TecDAX is related to or competes with UBSFund Solutions, Vanguard, IShares Core, IShares Core, IShares SP, and IShares Core. iShares TecDAX is an exchange traded fund that aims to track the performance of the TecDAX Index as closely as possible More
IShares TecDAX 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 TecDAX'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 TecDAX UCITS upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.826 | |||
| Information Ratio | 0.0108 | |||
| Maximum Drawdown | 3.15 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.29 |
IShares TecDAX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares TecDAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares TecDAX's standard deviation. In reality, there are many statistical measures that can use IShares TecDAX historical prices to predict the future IShares TecDAX's volatility.| Risk Adjusted Performance | 0.0369 | |||
| Jensen Alpha | 0.0268 | |||
| Total Risk Alpha | 0.009 | |||
| Sortino Ratio | 0.0099 | |||
| Treynor Ratio | (0.42) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares TecDAX'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 TecDAX UCITS Backtested Returns
At this point, IShares TecDAX is very steady. iShares TecDAX UCITS holds Efficiency (Sharpe) Ratio of 0.0605, which attests that the entity had a 0.0605% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for iShares TecDAX UCITS, which you can use to evaluate the volatility of the entity. Please check out IShares TecDAX's Downside Deviation of 0.826, risk adjusted performance of 0.0369, and Market Risk Adjusted Performance of (0.41) to validate if the risk estimate we provide is consistent with the expected return of 0.0493%. The etf retains a Market Volatility (i.e., Beta) of -0.0618, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares TecDAX are expected to decrease at a much lower rate. During the bear market, IShares TecDAX is likely to outperform the market.
Auto-correlation | -0.77 |
Almost perfect reverse predictability
iShares TecDAX UCITS has almost perfect reverse predictability. Overlapping area represents the amount of predictability between IShares TecDAX time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th 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 TecDAX UCITS price movement. The serial correlation of -0.77 indicates that around 77.0% of current IShares TecDAX price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.77 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
iShares TecDAX UCITS lagged returns against current returns
Autocorrelation, which is IShares TecDAX 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 TecDAX's etf expected returns. We can calculate the autocorrelation of IShares TecDAX returns to help us make a trade decision. For example, suppose you find that IShares TecDAX 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 TecDAX 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 TecDAX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares TecDAX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares TecDAX etf over time.
Current vs Lagged Prices |
| Timeline |
IShares TecDAX Lagged Returns
When evaluating IShares TecDAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares TecDAX etf have on its future price. IShares TecDAX 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 TecDAX autocorrelation shows the relationship between IShares TecDAX etf current value and its past values and can show if there is a momentum factor associated with investing in iShares TecDAX UCITS.
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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
Other Information on Investing in IShares Etf
IShares TecDAX 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 TecDAX security.