Ishares Exponential Technologies Etf Market Value
| XT Etf | USD 60.73 0.33 0.54% |
| Symbol | IShares |
The market value of iShares Exponential 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 Exponential's value that differs from its market value or its book value, called intrinsic value, which is IShares Exponential'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 Exponential's market value can be influenced by many factors that don't directly affect IShares Exponential'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 Exponential's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Exponential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Exponential'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 Exponential '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 Exponential'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 Exponential.
| 12/09/2024 |
| 01/08/2025 |
If you would invest 0.00 in IShares Exponential on December 9, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Exponential Technologies or generate 0.0% return on investment in IShares Exponential over 30 days. IShares Exponential is related to or competes with SPDR Kensho, Global X, Invesco SP, and IShares Genomics. The fund generally will invest at least 80 percent of its assets in the component securities of the underlying index and... More
IShares Exponential 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 Exponential'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 Exponential Technologies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.24 |
IShares Exponential Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Exponential's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Exponential's standard deviation. In reality, there are many statistical measures that can use IShares Exponential historical prices to predict the future IShares Exponential's volatility.| Risk Adjusted Performance | 0.0236 | |||
| Jensen Alpha | 0.0125 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0941 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Exponential'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 Exponential Backtested Returns
Currently, iShares Exponential Technologies is very steady. iShares Exponential holds Efficiency (Sharpe) Ratio of 0.0058, which attests that the entity had a 0.0058% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Exponential, which you can use to evaluate the volatility of the entity. Please check out IShares Exponential's Market Risk Adjusted Performance of 0.1041, risk adjusted performance of 0.0236, and Downside Deviation of 1.04 to validate if the risk estimate we provide is consistent with the expected return of 0.0055%. 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 Exponential's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Exponential is expected to be smaller as well.
Auto-correlation | -0.33 |
Poor reverse predictability
iShares Exponential Technologies has poor reverse predictability. Overlapping area represents the amount of predictability between IShares Exponential time series from 9th of December 2024 to 24th of December 2024 and 24th of December 2024 to 8th 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 Exponential price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current IShares Exponential price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
iShares Exponential lagged returns against current returns
Autocorrelation, which is IShares Exponential 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 Exponential's etf expected returns. We can calculate the autocorrelation of IShares Exponential returns to help us make a trade decision. For example, suppose you find that IShares Exponential 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 Exponential 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 Exponential etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Exponential etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Exponential etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Exponential Lagged Returns
When evaluating IShares Exponential's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Exponential etf have on its future price. IShares Exponential 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 Exponential autocorrelation shows the relationship between IShares Exponential etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Exponential Technologies.
Regressed Prices |
| Timeline |
Thematic Opportunities
Explore Investment Opportunities
Check out IShares Exponential Correlation, IShares Exponential Volatility and IShares Exponential Alpha and Beta module to complement your research on IShares Exponential. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
IShares Exponential 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.