The etf maintains market beta of 1.35 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, iShares will likely underperform.. Although it is extremely important to respect iShares MSCI Turkey
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 MSCI Turkey technical indicators
you can presently evaluate if the expected return of 0.0% will be sustainable into the future.
Relative Risk vs. Return Landscape
If you would invest 5,429
in iShares MSCI Turkey Invest Mkt Index on November 7, 2013
and sell it today you would earn a total of 39.00
from holding iShares MSCI Turkey Invest Mkt Index or generate 0.72%
return on investment over 30
days. iShares MSCI Turkey Invest Mkt Index is generating negative expected returns assuming volatility of 1.86%
on return distribution over 30 days investment horizon. In other words, 19% 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 not expected to generate positive returns. Moreover, the company is 3.58 times more volatile than its market benchmark. It trades away all of its potential returns to assume current level of volatility. The S&P 500 is currently generating roughly 0.31 per unit of risk.
iShares Price to Book
Based on latest financial disclosure the price to book indicator of iShares MSCI Turkey Invest Mkt Index is roughly 1.31 times. This is 11.97% higher than that of iShares family, and 20.78% lower than that of Miscellaneous Region
category, The Price to Book for all etfs is 104.69% 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 -11.89%. This is 253.22% lower than that of iShares family, and 236.31% lower than that of Miscellaneous Region
category, The Year to Date Return for all etfs is 1007.63% higher than the company.
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.