iShares Global Backtesting

IOO -- USA Etf  

USD 42.99  1.07  2.43%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of iShares Global 100 ETF and determine expected loss or profit from investing in iShares Global over given investment horizon. Please also check iShares Global Hype Analysis, iShares Global Correlation, Portfolio Optimization, iShares Global Volatility as well as analyze iShares Global Alpha and Beta and iShares Global Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

iShares Global 'What if' Analysis

October 19, 2018
0.00
No Change 0.00  0.0%
In 2 months and 2 days
December 18, 2018
0.00
If you would invest  0.00  in iShares Global on October 19, 2018 and sell it all today you would earn a total of 0.00 from holding iShares Global 100 ETF or generate 0.0% return on investment in iShares Global over 60 days. iShares Global is related to or competes with SPDR MSCI, iShares MSCI, iShares Edge, Principal Millennials, Franklin LibertyQ, Franklin LibertyQ, and Digital River. The investment seeks to track the investment results of the SP Global 100TM , which is designed to measure the performan...

iShares Global Upside/Downside Indicators

Information Ratio0.0766
Maximum Drawdown5.78
Value At Risk(2.28)
Potential Upside2.26
  

iShares Global Market Premium Indicators

Risk Adjusted Performance(0.038978)
Jensen Alpha(0.04283)
Total Risk Alpha0.125
Treynor Ratio(0.83)

iShares Global 100 Backtested Returns

Macroaxis considers iShares Global to be not too risky. iShares Global 100 shows Sharpe Ratio of -0.1367 which attests that iShares Global 100 had -0.1367% of return per unit of risk over the last 2 months. Macroaxis philosophy towards determining risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. iShares Global 100 exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out iShares Global 100 Market Risk Adjusted Performance of (0.82) and Mean Deviation of 1.13 to validate risk estimate we provide. The entity maintains market beta of 0.0644 which attests that as returns on market increase, iShares Global returns are expected to increase less than the market. However during bear market, the loss on holding iShares Global will be expected to be smaller as well.. Even though it is essential to pay attention to iShares Global 100 historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. iShares Global 100 exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.18) 
correlation synergy

Insignificant reverse predictability

iShares Global 100 ETF has insignificant reverse predictability. Overlapping area represents the amount of predictability between iShares Global time series from October 19, 2018 to November 18, 2018 and November 18, 2018 to December 18, 2018. 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 Global 100 price movement. The serial correlation of -0.18 indicates that over 18.0% of current iShares Global price fluctuation can be explain by its past prices. Given that iShares Global 100 ETF has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of iShares Global for similar time interval.
Correlation Coefficient-0.18
Spearman Rank Test0.31
Residual Average0.0
Price Variance0.78

iShares Global 100 lagged returns against current returns

 Current and Lagged Values 
      Timeline 

iShares Global regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

iShares Global Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - IOO

iShares Global 100 Investor Sentiment

Greater number of Macroaxis users are currently bullish on iShares Global 100 ETF. What is your take regarding investing in iShares Global 100 ETF? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Please also check iShares Global Hype Analysis, iShares Global Correlation, Portfolio Optimization, iShares Global Volatility as well as analyze iShares Global Alpha and Beta and iShares Global Performance. Please also try Price Transformation module to use price transformation models to analyze depth of different equity instruments across global markets.
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