Ishares China Large Cap Etf Market Value
| FXI Etf | USD 25.27 0.47 1.90% |
| Symbol | IShares |
The market value of iShares China Large 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 China's value that differs from its market value or its book value, called intrinsic value, which is IShares China'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 China's market value can be influenced by many factors that don't directly affect IShares China'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 China's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares China is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares China'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 China '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 China'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 China.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in IShares China on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding iShares China Large Cap or generate 0.0% return on investment in IShares China over 30 days. IShares China is related to or competes with IShares MSCI, HUMANA, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and Bondbloxx ETF. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares China 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 China'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 China Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.54 | |||
| Information Ratio | 0.0938 | |||
| Maximum Drawdown | 9.25 | |||
| Value At Risk | (2.29) | |||
| Potential Upside | 2.92 |
IShares China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares China's standard deviation. In reality, there are many statistical measures that can use IShares China historical prices to predict the future IShares China's volatility.| Risk Adjusted Performance | 0.0994 | |||
| Jensen Alpha | 0.2765 | |||
| Total Risk Alpha | 0.0112 | |||
| Sortino Ratio | 0.1052 | |||
| Treynor Ratio | (0.71) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares China'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 China Large Backtested Returns
We consider IShares China very steady. iShares China Large 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 China Large, which you can use to evaluate the volatility of the entity. Please check out IShares China's Downside Deviation of 1.54, market risk adjusted performance of (0.70), and Risk Adjusted Performance of 0.0994 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 -0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IShares China are expected to decrease at a much lower rate. During the bear market, IShares China is likely to outperform the market.
Auto-correlation | -0.16 |
Insignificant reverse predictability
iShares China Large Cap has insignificant reverse predictability. Overlapping area represents the amount of predictability between IShares China 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 China Large price movement. The serial correlation of -0.16 indicates that over 16.0% of current IShares China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.16 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
iShares China Large lagged returns against current returns
Autocorrelation, which is IShares China 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 China's etf expected returns. We can calculate the autocorrelation of IShares China returns to help us make a trade decision. For example, suppose you find that IShares China 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 China 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 China etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares China etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares China etf over time.
Current vs Lagged Prices |
| Timeline |
IShares China Lagged Returns
When evaluating IShares China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares China etf have on its future price. IShares China 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 China autocorrelation shows the relationship between IShares China etf current value and its past values and can show if there is a momentum factor associated with investing in iShares China Large Cap.
Regressed Prices |
| Timeline |
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IShares China 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.