Ishares Asia 50 Etf Market Value
| AIA Etf | USD 59.97 0.90 1.52% |
| Symbol | IShares |
The market value of iShares Asia 50 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 Asia's value that differs from its market value or its book value, called intrinsic value, which is IShares Asia'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 Asia's market value can be influenced by many factors that don't directly affect IShares Asia'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 Asia's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Asia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Asia'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 Asia '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 Asia'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 Asia.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in IShares Asia on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Asia 50 or generate 0.0% return on investment in IShares Asia over 30 days. IShares Asia is related to or competes with IShares Emerging, IShares MSCI, SCOR PK, and SPACE. The fund generally will invest at least 80 percent of its assets in the component securities of its index and in investm... More
IShares Asia 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 Asia'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 Asia 50 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.23 | |||
| Information Ratio | 0.0563 | |||
| Maximum Drawdown | 6.02 | |||
| Value At Risk | (1.63) | |||
| Potential Upside | 2.33 |
IShares Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Asia's standard deviation. In reality, there are many statistical measures that can use IShares Asia historical prices to predict the future IShares Asia's volatility.| Risk Adjusted Performance | 0.0861 | |||
| Jensen Alpha | 0.051 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0538 | |||
| Treynor Ratio | 0.122 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Asia'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 Asia 50 Backtested Returns
We consider IShares Asia very steady. iShares Asia 50 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 twenty-nine technical indicators for iShares Asia 50, which you can use to evaluate the volatility of the entity. Please check out IShares Asia's Risk Adjusted Performance of 0.0861, market risk adjusted performance of 0.132, and Downside Deviation of 1.23 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The etf retains a Market Volatility (i.e., Beta) of 1.19, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, IShares Asia will likely underperform.
Auto-correlation | -0.69 |
Very good reverse predictability
iShares Asia 50 has very good reverse predictability. Overlapping area represents the amount of predictability between IShares Asia time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 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 Asia 50 price movement. The serial correlation of -0.69 indicates that around 69.0% of current IShares Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 |
iShares Asia 50 lagged returns against current returns
Autocorrelation, which is IShares Asia 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 Asia's etf expected returns. We can calculate the autocorrelation of IShares Asia returns to help us make a trade decision. For example, suppose you find that IShares Asia 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 Asia 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 Asia etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Asia etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Asia etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Asia Lagged Returns
When evaluating IShares Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Asia etf have on its future price. IShares Asia 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 Asia autocorrelation shows the relationship between IShares Asia etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Asia 50.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards IShares Asia in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, IShares Asia's short interest history, or implied volatility extrapolated from IShares Asia options trading.
Pair Trading with IShares Asia
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 Asia 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 Asia will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.97 | AAXJ | iShares MSCI All | PairCorr |
| 0.68 | EPP | iShares MSCI Pacific | PairCorr |
| 0.96 | GMF | SPDR SP Emerging | PairCorr |
The ability to find closely correlated positions to IShares Asia 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 Asia 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 Asia - 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 Asia 50 to buy it.
The correlation of IShares Asia 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 Asia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Asia 50 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 Asia 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.Check out IShares Asia Correlation, IShares Asia Volatility and IShares Asia Alpha and Beta module to complement your research on IShares Asia. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
IShares Asia 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.