Ishares Telecommunications Etf Market Value
| IYZ Etf | USD 20.86 0.28 1.36% |
| Symbol | IShares |
The market value of IShares Telecommunicatio 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 Telecommunicatio's value that differs from its market value or its book value, called intrinsic value, which is IShares Telecommunicatio'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 Telecommunicatio's market value can be influenced by many factors that don't directly affect IShares Telecommunicatio'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 Telecommunicatio's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Telecommunicatio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Telecommunicatio'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 Telecommunicatio '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 Telecommunicatio'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 Telecommunicatio.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in IShares Telecommunicatio on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Telecommunications ETF or generate 0.0% return on investment in IShares Telecommunicatio over 30 days. IShares Telecommunicatio is related to or competes with IShares Global, IShares Global, and IShares Global. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Telecommunicatio 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 Telecommunicatio'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 Telecommunications ETF upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.04 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.17 |
IShares Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use IShares Telecommunicatio historical prices to predict the future IShares Telecommunicatio's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | (0.15) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Telecommunicatio'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 Telecommunicatio Backtested Returns
IShares Telecommunicatio holds Efficiency (Sharpe) Ratio of -0.21, which attests that the entity had a -0.21% return per unit of risk over the last 3 months. IShares Telecommunicatio exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Telecommunicatio's Market Risk Adjusted Performance of (0.14), standard deviation of 0.9466, and Risk Adjusted Performance of (0.09) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.95, which attests to possible diversification benefits within a given portfolio. IShares Telecommunicatio returns are very sensitive to returns on the market. As the market goes up or down, IShares Telecommunicatio is expected to follow.
Auto-correlation | 0.45 |
Average predictability
iShares Telecommunications ETF has average predictability. Overlapping area represents the amount of predictability between IShares Telecommunicatio 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 Telecommunicatio price movement. The serial correlation of 0.45 indicates that just about 45.0% of current IShares Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.45 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
IShares Telecommunicatio lagged returns against current returns
Autocorrelation, which is IShares Telecommunicatio 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 Telecommunicatio's etf expected returns. We can calculate the autocorrelation of IShares Telecommunicatio returns to help us make a trade decision. For example, suppose you find that IShares Telecommunicatio 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 Telecommunicatio 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 Telecommunicatio etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Telecommunicatio etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Telecommunicatio etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Telecommunicatio Lagged Returns
When evaluating IShares Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Telecommunicatio etf have on its future price. IShares Telecommunicatio 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 Telecommunicatio autocorrelation shows the relationship between IShares Telecommunicatio etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Telecommunications ETF.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out IShares Telecommunicatio Correlation, IShares Telecommunicatio Volatility and IShares Telecommunicatio Alpha and Beta module to complement your research on IShares Telecommunicatio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
IShares Telecommunicatio 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.