IShares Etf Profile

ICVT
 Etf
  

USD 70.81  0.29  0.41%   

Market Performance
0 of 100
Odds Of Distress
Over 51
IShares Convertible is selling for under 70.81 as of the 9th of December 2022; that is -0.41 percent down since the beginning of the trading day. The etf's last reported lowest price was 70.74. IShares Convertible has 51 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for IShares Convertible Bond are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of December 2021 and ending today, the 9th of December 2022. Click here to learn more.
The fund will invest at least 80 percent of its assets in the component securities of the underlying index, and it will invest at least 90 percent of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the underlying index. More on IShares Convertible Bond

Moving together with IShares Convertible

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IShares Convertible Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. IShares Convertible's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IShares Convertible or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
IShares Convertible generated a negative expected return over the last 90 days
IShares Convertible has high likelihood to experience some financial distress in the next 2 years
On 7th of November 2022 IShares Convertible paid $ 0.1194 per share dividend to its current shareholders
The fund retains most of the assets under management (AUM) in different types of exotic instruments.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of IShares Convertible's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong HoldFairly Valued
IssueriShares
Inception Date2015-06-02
BenchmarkBloomberg U.S. Convertible Cash Pay Bond > $250MM Index
Entity TypeRegulated Investment Company
Asset Under Management1.84 Billion
Average Trading Valume255,110.5
Asset TypeFixed Income
CategoryCorporate
FocusConvertibles
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorState Street Bank and Trust Company
AdvisorBlackRock Fund Advisors
CustodianState Street Bank and Trust Company
DistributorBlackRock Investments, LLC
Portfolio ManagerJames Mauro, Scott Radell
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Oct
ExchangeCboe BZX Exchange, Inc.
Number of Constituents342
Market MakerJane Street
Total Expense0.2
Management Fee0.2
Nav Price70.38
Two Hundred Day Average74.43
Ytd-21.22%
Average Daily Volume In Three Month269k
Fifty Two Week Low67.76
As Of Date24th of October 2022
Average Daily Volume Last 10 Day313.04k
Fifty Two Week High99.07
One Month-0.17%
Fifty Day Average70.22
Three Month-2.52%
Beta In Three Year1.27
IShares Convertible Bond [ICVT] is traded in USA and was established 2015-06-02. The fund is listed under Convertibles category and is part of iShares family. IShares Convertible Bond currently have 1.76 B in assets under management (AUM). , while the total return for the last 3 years was 10.77%.
Check IShares Convertible Probability Of Bankruptcy

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on IShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding IShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as IShares Convertible Bond Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top IShares Convertible Bond Etf Constituents

IShares Convertible Target Price Odds Analysis

Attributed to a normal probability distribution, the odds of IShares Convertible jumping above the current price in 90 days from now is about 41.46%. The IShares Convertible Bond probability density function shows the probability of IShares Convertible etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days IShares Convertible has a beta of 0.5874. This usually indicates as returns on the market go up, IShares Convertible average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding IShares Convertible Bond will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. IShares Convertible Bond is significantly underperforming NYSE Composite.
  Odds Below 70.81HorizonTargetOdds Above 70.81
58.01%90 days
 70.81 
41.46%
Based on a normal probability distribution, the odds of IShares Convertible to move above the current price in 90 days from now is about 41.46 (This IShares Convertible Bond probability density function shows the probability of IShares Etf to fall within a particular range of prices over 90 days) .

IShares Convertible Top Holders

IShares Convertible Bond Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. IShares Convertible market risk premium is the additional return an investor will receive from holding IShares Convertible long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IShares Convertible. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although IShares Convertible's alpha and beta are two of the key measurements used to evaluate IShares Convertible's performance over the market, the standard measures of volatility play an important role as well.

IShares Convertible Against Markets

Picking the right benchmark for IShares Convertible etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in IShares Convertible etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for IShares Convertible is critical whether you are bullish or bearish towards IShares Convertible Bond at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Convertible without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in IShares Convertible Bond?

The danger of trading IShares Convertible Bond is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IShares Convertible is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IShares Convertible. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile IShares Convertible Bond is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Risk vs Return Analysis. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running IShares Convertible Bond price analysis, check to measure IShares Convertible'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 Convertible is operating at the current time. Most of IShares Convertible's value examination focuses on studying past and present price action to predict the probability of IShares Convertible's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move IShares Convertible's price. Additionally, you may evaluate how the addition of IShares Convertible to your portfolios can decrease your overall portfolio volatility.
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The market value of IShares Convertible Bond 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 Convertible's value that differs from its market value or its book value, called intrinsic value, which is IShares Convertible'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 Convertible's market value can be influenced by many factors that don't directly affect IShares Convertible'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 Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine IShares Convertible value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Convertible'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.