iShares Short Maturity Backtested Returns
We consider iShares Short not too risky. iShares Short Maturity
shows Sharpe Ratio of 0.0267 which attests that iShares Short Maturity
had 0.0267% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a etf is to use all available market data together with company specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for iShares Short Maturity which you can use to evaluate future volatility of the etf. Please check out iShares Short Maturity Market Risk Adjusted Performance
of (0.93) and Mean Deviation of 0.0263 to validate if risk estimate we provide are consistent with the epected return of 0.001%. The entity maintains market beta of 0.0058 which attests that as returns on market increase, iShares Short returns are expected to increase less than the market. However during bear market, the loss on holding iShares Short will be expected to be smaller as well.. Although it is extremely important to respect iShares Short Maturity historical price patterns, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. By examining iShares Short Maturity technical indicators you can presently evaluate if the expected return of 0.001% will be sustainable into the future.
|15 days auto-correlation||(0.11) |
Insignificant reverse predictability
iShares Short Maturity Bond has insignificant reverse predictability. Overlapping area represents the amount of predictability between iShares Short time series from December 19, 2017 to January 3, 2018 and January 3, 2018 to January 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 Short Maturity price movement. The serial correlation of -0.11 indicates that less than 11.0% of current iShares Short price fluctuation can be explain by its past prices. Given that iShares Short Maturity Bond has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of iShares Short for similar time interval.
|Correlation Coefficient|| -0.11|
|Spearman Rank Test|| -0.42|
|Average Price|| 50.16|
|Lagged Average Price|| 50.14|
iShares Short Lagged Returns