Convertible Etf Profile

ICVT
 Etf
  

USD 69.54  0.29  0.42%   

Market Performance
0 of 100
Odds Of Distress
Less than 42
Convertible Bond is selling for under 69.54 as of the 2nd of July 2022; that is 0.42% increase since the beginning of the trading day. The etf's last reported lowest price was 68.79. Convertible Bond has about a 42 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Convertible Bond Ishares are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of June 2022 and ending today, the 2nd of July 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 Convertible Bond Ishares

Moving together with Convertible Bond

0.82JPMJP Morgan Chase Earnings Call  Next WeekPairCorr
0.93MSFTMicrosoft Corp Fiscal Year End 26th of July 2022 PairCorr
0.82TRVThe Travelers Companies Earnings Call  In Two WeeksPairCorr

Moving against Convertible Bond

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Convertible Bond 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. Convertible Bond's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Convertible Bond or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Convertible Bond generated a negative expected return over the last 90 days
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 Convertible Bond's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
IssueriShares
DescriptioniShares Convertible Bond ETF
Inception Date2015-06-02
BenchmarkBloomberg U.S. Convertible Cash Pay Bond > $250MM Index
Entity TypeRegulated Investment Company
Asset Under Management2.03 Billion
Average Trading Valume487,682.9
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 Constituents348
Market MakerJane Street
Total Expense0.2
Management Fee0.2
Nav Price72.14
Two Hundred Day Average86.77
Ytd-19.30%
Average Daily Volume In Three Month662.75k
Fifty Two Week Low67.76
As Of Date10th of May 2022
Average Daily Volume Last 10 Day553.4k
Fifty Two Week High104.65
One Month-11.81%
Fifty Day Average74.07
Three Month-15.07%
Convertible Bond Ishares [ICVT] is traded in USA and was established 2015-06-02. The fund is listed under Convertibles category and is part of iShares family. Convertible Bond Ishares currently have 1.53 B in assets under management (AUM). , while the total return for the last 3 years was 11.96%.
Check Convertible Bond Probability Of Bankruptcy

Geographic Allocation (%)

Top Convertible Bond Ishares Constituents

Convertible Bond Target Price Odds Analysis

What are Convertible Bond's target price odds to finish over the current price? Attributed to a normal probability distribution, the odds of Convertible Bond jumping above the current price in 90 days from now is about 86.68%. The Convertible Bond Ishares probability density function shows the probability of Convertible Bond etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Convertible Bond has a beta of 0.8205. This usually indicates as returns on the market go up, Convertible Bond average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Convertible Bond Ishares 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. Convertible Bond Ishares is significantly underperforming DOW.
  Odds Below 69.54HorizonTargetOdds Above 69.54
13.22%90 days
 69.54 
86.68%
Based on a normal probability distribution, the odds of Convertible Bond to move above the current price in 90 days from now is about 86.68 (This Convertible Bond Ishares probability density function shows the probability of Convertible Etf to fall within a particular range of prices over 90 days) .

Convertible Bond Top Holders

Convertible Bond Major Institutional Holders

Institutional Holdings refers to the ownership stake in Convertible Bond that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Convertible Bond's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Convertible Bond's value.
InstituionSecurity TypeTotal SharesValue
Bank Of America CorpFund Units1.7 M141.4 M
View Convertible Bond Diagnostics

Convertible Bond Ishares Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Convertible Bond market risk premium is the additional return an investor will receive from holding Convertible Bond 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 Convertible Bond. 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 Convertible Bond's alpha and beta are two of the key measurements used to evaluate Convertible Bond's performance over the market, the standard measures of volatility play an important role as well.

Convertible Bond Ishares Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Convertible Bond Price Ceiling Movement function is a real number to the largest previous price integer.
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Convertible Bond Against Markets

Picking the right benchmark for Convertible Bond 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 Convertible Bond 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 Convertible Bond is critical whether you are bullish or bearish towards Convertible Bond Ishares at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Convertible Bond without increasing your portfolio risk or giving up 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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Investing Convertible Bond Ishares

You need to understand the risk of investing before taking a position in Convertible Bond. The danger of trading Convertible Bond Ishares 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 Convertible Bond 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 Convertible Bond. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Convertible Bond Ishares 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. Note that the Convertible Bond Ishares information on this page should be used as a complementary analysis to other Convertible Bond'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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Convertible Etf analysis

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