The etf maintains market beta of 0.61 which attests that as returns on market increase, iShares returns are expected to increase less than the market. However during bear market, the loss on holding iShares will be expected to be smaller as well.. Although it is extremely important to respect iShares Dow Jones US
historical price patterns
, it is beter to be realistic about what you can do with the information about 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 Dow Jones US technical indicators
you can presently evaluate if the expected return of 0.12% will be sustainable into the future.
Relative Risk vs. Return Landscape
If you would invest 8,943
in iShares Dow Jones US ETF on November 11, 2013
and sell it today you would earn a total of 213.00
from holding iShares Dow Jones US ETF or generate 2.38%
return on investment over 30
days. iShares Dow Jones US ETF is generating 0.12% of daily returns assuming volatility of 0.43%
on return distribution over 30 days investment horizon. In other words, 4% of equities are less volatile than the company and above 96% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, iShares Dow Jones US ETF is expected to generate 0.96 times more return on investment than the market. However, the company is 1.05 times less risky than the market. It trades about 0.28 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.18 per unit of risk.
iShares Price to Book
Based on latest financial disclosure the price to book indicator of iShares Dow Jones US ETF is roughly 2.28 times. This is 93.22% higher than that of iShares family, and 4.01% lower than that of Large Blend
category, The Price to Book for all etfs is 245.45% lower than the firm.
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
iShares Year to Date Return
iShares Dow Jones US ETF has Year to Date Return of 29.66%. This is 265.72% higher than that of iShares family, and 37.45% higher than that of Large Blend
category, The Year to Date Return for all etfs is 1890.6% lower than the firm.
Year-To-Date typically refers to a period starting from the beginning of the current year, and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.