Ishares Ig Corporate Etf Market Value
| XIG Etf | CAD 20.28 0.02 0.1% |
| Symbol | IShares |
IShares IG '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 IG'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 IG.
| 08/19/2023 |
| 12/11/2024 |
If you would invest 0.00 in IShares IG on August 19, 2023 and sell it all today you would earn a total of 0.00 from holding iShares IG Corporate or generate 0.0% return on investment in IShares IG over 480 days. IShares IG is related to or competes with IShares JP, IShares High, IShares 1, IShares Canadian, and IShares Floating. The investment seeks to replicate, net of expenses, the Markit iBoxx USD Liquid Investment Grade Total Return Index hedg... More
IShares IG 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 IG'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 IG Corporate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.33) | |||
| Maximum Drawdown | 2.15 | |||
| Value At Risk | (0.73) | |||
| Potential Upside | 0.6562 |
IShares IG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares IG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares IG's standard deviation. In reality, there are many statistical measures that can use IShares IG historical prices to predict the future IShares IG's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.18) |
iShares IG Corporate Backtested Returns
iShares IG Corporate holds Efficiency (Sharpe) Ratio of -0.0563, which attests that the entity had a -0.0563% return per unit of risk over the last 3 months. iShares IG Corporate exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares IG's Standard Deviation of 0.4301, market risk adjusted performance of (0.17), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares IG's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares IG is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
iShares IG Corporate has good predictability. Overlapping area represents the amount of predictability between IShares IG time series from 19th of August 2023 to 15th of April 2024 and 15th of April 2024 to 11th 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 IG Corporate price movement. The serial correlation of 0.75 indicates that around 75.0% of current IShares IG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
iShares IG Corporate lagged returns against current returns
Autocorrelation, which is IShares IG 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 IG's etf expected returns. We can calculate the autocorrelation of IShares IG returns to help us make a trade decision. For example, suppose you find that IShares IG 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 IG 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 IG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares IG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares IG etf over time.
Current vs Lagged Prices |
| Timeline |
IShares IG Lagged Returns
When evaluating IShares IG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares IG etf have on its future price. IShares IG 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 IG autocorrelation shows the relationship between IShares IG etf current value and its past values and can show if there is a momentum factor associated with investing in iShares IG Corporate.
Regressed Prices |
| Timeline |
Pair Trading with IShares IG
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 IG 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 IG will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
Moving against IShares Etf
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The ability to find closely correlated positions to IShares IG 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 IG 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 IG - 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 IG Corporate to buy it.
The correlation of IShares IG 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 IG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares IG Corporate 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 IG 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 IG 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 IG security.