Ishares Jantzi Social Etf Market Value
| XEN Etf | CAD 38.06 0.14 0.37% |
| Symbol | IShares |
IShares Jantzi '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 Jantzi'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 Jantzi.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in IShares Jantzi on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding iShares Jantzi Social or generate 0.0% return on investment in IShares Jantzi over 720 days. IShares Jantzi is related to or competes with IShares SPTSX, Vanguard FTSE, and First Asset. The investment seeks to replicate, net of expenses, the Jantzi Social Index More
IShares Jantzi 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 Jantzi'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 Jantzi Social upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5836 | |||
| Information Ratio | 0.0382 | |||
| Maximum Drawdown | 3.05 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.32 |
IShares Jantzi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Jantzi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Jantzi's standard deviation. In reality, there are many statistical measures that can use IShares Jantzi historical prices to predict the future IShares Jantzi's volatility.| Risk Adjusted Performance | 0.1891 | |||
| Jensen Alpha | 0.099 | |||
| Total Risk Alpha | 0.0439 | |||
| Sortino Ratio | 0.0426 | |||
| Treynor Ratio | 0.3641 |
iShares Jantzi Social Backtested Returns
As of now, IShares Etf is very steady. iShares Jantzi Social holds Efficiency (Sharpe) Ratio of 0.28, which attests that the entity had a 0.28% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Jantzi Social, which you can use to evaluate the volatility of the entity. Please check out IShares Jantzi's Market Risk Adjusted Performance of 0.3741, risk adjusted performance of 0.1891, and Downside Deviation of 0.5836 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The etf retains a Market Volatility (i.e., Beta) of 0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Jantzi's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Jantzi is expected to be smaller as well.
Auto-correlation | 0.25 |
Poor predictability
iShares Jantzi Social has poor predictability. Overlapping area represents the amount of predictability between IShares Jantzi time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 Jantzi Social price movement. The serial correlation of 0.25 indicates that over 25.0% of current IShares Jantzi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 3.1 |
iShares Jantzi Social lagged returns against current returns
Autocorrelation, which is IShares Jantzi 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 Jantzi's etf expected returns. We can calculate the autocorrelation of IShares Jantzi returns to help us make a trade decision. For example, suppose you find that IShares Jantzi 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 Jantzi 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 Jantzi etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Jantzi etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Jantzi etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Jantzi Lagged Returns
When evaluating IShares Jantzi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Jantzi etf have on its future price. IShares Jantzi 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 Jantzi autocorrelation shows the relationship between IShares Jantzi etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Jantzi Social.
Regressed Prices |
| Timeline |
Pair Trading with IShares Jantzi
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 Jantzi 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 Jantzi will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.83 | XIU | iShares SPTSX 60 | PairCorr |
| 0.83 | XIC | iShares Core SPTSX | PairCorr |
| 0.99 | ZCN | BMO SPTSX Capped | PairCorr |
| 0.99 | VCN | Vanguard FTSE Canada | PairCorr |
| 0.99 | HXT | Global X SPTSX | PairCorr |
The ability to find closely correlated positions to IShares Jantzi 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 Jantzi 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 Jantzi - 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 Jantzi Social to buy it.
The correlation of IShares Jantzi 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 Jantzi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Jantzi Social 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 Jantzi 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 Jantzi 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 Jantzi security.