Ishares Preferred And Etf Market Value
PFF Etf | USD 32.23 0.18 0.56% |
Symbol | IShares |
The market value of IShares Preferred And 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 Preferred's value that differs from its market value or its book value, called intrinsic value, which is IShares Preferred'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 Preferred's market value can be influenced by many factors that don't directly affect IShares Preferred'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 Preferred's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Preferred is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Preferred'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 Preferred '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 Preferred'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 Preferred.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in IShares Preferred on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding IShares Preferred And or generate 0.0% return on investment in IShares Preferred over 30 days. IShares Preferred is related to or competes with Merck, Barloworld, Morningstar Unconstrained, High-yield Municipal, Via Renewables, Bondbloxx ETF, and Jpmorgan Equity. The fund may invest at least 80 percent of its assets in the component securities of its underlying index and in investm... More
IShares Preferred 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 Preferred'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 Preferred And upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.5161 | |||
Information Ratio | (0.13) | |||
Maximum Drawdown | 2.38 | |||
Value At Risk | (0.46) | |||
Potential Upside | 0.7764 |
IShares Preferred Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Preferred's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Preferred's standard deviation. In reality, there are many statistical measures that can use IShares Preferred historical prices to predict the future IShares Preferred's volatility.Risk Adjusted Performance | 0.0929 | |||
Jensen Alpha | (0) | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | (0.11) | |||
Treynor Ratio | 0.1186 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Preferred'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 Preferred And Backtested Returns
We consider IShares Preferred very steady. IShares Preferred And holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for IShares Preferred And, which you can use to evaluate the volatility of the entity. Please check out IShares Preferred's Market Risk Adjusted Performance of 0.1286, downside deviation of 0.5161, and Risk Adjusted Performance of 0.0929 to validate if the risk estimate we provide is consistent with the expected return of 0.0716%. The etf retains a Market Volatility (i.e., Beta) of 0.55, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Preferred's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Preferred is expected to be smaller as well.
Auto-correlation | 0.28 |
Poor predictability
IShares Preferred And has poor predictability. Overlapping area represents the amount of predictability between IShares Preferred time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Preferred And price movement. The serial correlation of 0.28 indicates that nearly 28.0% of current IShares Preferred price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.28 | |
Spearman Rank Test | 0.14 | |
Residual Average | 0.0 | |
Price Variance | 0.02 |
IShares Preferred And lagged returns against current returns
Autocorrelation, which is IShares Preferred 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 Preferred's etf expected returns. We can calculate the autocorrelation of IShares Preferred returns to help us make a trade decision. For example, suppose you find that IShares Preferred 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 Preferred 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 Preferred etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Preferred etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Preferred etf over time.
Current vs Lagged Prices |
Timeline |
IShares Preferred Lagged Returns
When evaluating IShares Preferred's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Preferred etf have on its future price. IShares Preferred 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 Preferred autocorrelation shows the relationship between IShares Preferred etf current value and its past values and can show if there is a momentum factor associated with investing in IShares Preferred And.
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 Preferred 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 Preferred's short interest history, or implied volatility extrapolated from IShares Preferred options trading.
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Check out IShares Preferred Correlation, IShares Preferred Volatility and IShares Preferred Alpha and Beta module to complement your research on IShares Preferred. Note that the IShares Preferred And information on this page should be used as a complementary analysis to other IShares Preferred's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for IShares Etf analysis
When running IShares Preferred's price analysis, check to measure IShares Preferred's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IShares Preferred is operating at the current time. Most of IShares Preferred's value examination focuses on studying past and present price action to predict the probability of IShares Preferred's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IShares Preferred's price. Additionally, you may evaluate how the addition of IShares Preferred to your portfolios can decrease your overall portfolio volatility.
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IShares Preferred 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.