The etf maintains market beta of -0.04 which attests that as returns on market increase, returns on owning iShares are expected to decrease at a much smaller rate. During bear market, iShares is likely to outperform the market. Even though it is essential to pay attention to iShares MSCI Turkey
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 MSCI Turkey exposes twenty-eight different technical indicators which can help you to evaluate its performance.
Relative Risk vs. Return Landscape
If you would invest 7,538
in iShares MSCI Turkey Invest Mkt Index on May 19, 2013
and sell it today you would lose (1,149)
from holding iShares MSCI Turkey Invest Mkt Index or give up 15.24%
of portfolio value over 30
days. iShares MSCI Turkey Invest Mkt Index is generating negative expected returns assuming volatility of 2.69%
on return distribution over 30 days investment horizon. In other words, 33% of equities are less volatile than the company and above 99% of equities are expected to generate higher returns over the next 30 days.
Daily Expected Return (%)
Considering 30-days investment horizon, iShares MSCI Turkey Invest Mkt Index is expected to under-perform the market. In addition to that, the company is 3.2 times more volatile than its market benchmark. It trades about -0.28 of its total potential returns per unit of risk. The S&P 500 is currently generating roughly -0.1 per unit of volatility.
iShares Price to Book
Based on latest financial disclosure the price to book indicator of iShares MSCI Turkey Invest Mkt Index is roughly 1.48 times. This is 40.95% higher than that of iShares family, and about the same as Diversified Emerging Mkts
(which currently averages 1.46642857) category, The Price to Book for all etfs is 138.71% 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 MSCI Turkey Invest Mkt Index has Year to Date Return of 6.6%. This is 101.22% higher than that of iShares family, and 442.35% lower than that of Diversified Emerging Mkts
category, The Year to Date Return for all etfs is 320.38% 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.
iShares Price to Earning vs Price to Book
iShares MSCI Turkey Invest Mkt Index is rated below average
in price to earning as compared to similar ETFs. It is rated below average
in price to book as compared to similar ETFs fabricating about 0.14
of Price to Book per Price to Earning. The ratio of Price to Earning to Price to Book for iShares MSCI Turkey Invest Mkt Index is roughly 7.26