Ishares Energy Etf Market Value
| IYE Etf | USD 49.88 0.30 0.61% |
| Symbol | IShares |
The market value of iShares Energy ETF 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 Energy's value that differs from its market value or its book value, called intrinsic value, which is IShares Energy'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 Energy's market value can be influenced by many factors that don't directly affect IShares Energy'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 Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Energy'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.
IShares Energy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to IShares Energy's etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of IShares Energy.
| 05/04/2022 |
| 04/23/2024 |
If you would invest 0.00 in IShares Energy on May 4, 2022 and sell it all today you would earn a total of 0.00 from holding iShares Energy ETF or generate 0.0% return on investment in IShares Energy over 720 days. IShares Energy is related to or competes with SPDR SP, and SPDR SP. The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and... More
IShares Energy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure IShares Energy's etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess iShares Energy ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8027 | |||
| Information Ratio | 0.2183 | |||
| Maximum Drawdown | 4.32 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.49 |
IShares Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Energy's standard deviation. In reality, there are many statistical measures that can use IShares Energy historical prices to predict the future IShares Energy's volatility.| Risk Adjusted Performance | 0.2009 | |||
| Jensen Alpha | 0.2163 | |||
| Total Risk Alpha | 0.1565 | |||
| Sortino Ratio | 0.2347 | |||
| Treynor Ratio | 0.4134 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
iShares Energy ETF Backtested Returns
IShares Energy appears to be very steady, given 3 months investment horizon. iShares Energy ETF holds Efficiency (Sharpe) Ratio of 0.29, which attests that the entity had a 0.29% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Energy ETF, which you can use to evaluate the volatility of the entity. Please utilize IShares Energy's Market Risk Adjusted Performance of 0.4234, risk adjusted performance of 0.2009, and Downside Deviation of 0.8027 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Energy is expected to be smaller as well.
Auto-correlation | 0.12 |
Insignificant predictability
iShares Energy ETF has insignificant predictability. Overlapping area represents the amount of predictability between IShares Energy time series from 4th of May 2022 to 29th of April 2023 and 29th of April 2023 to 23rd of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of iShares Energy ETF price movement. The serial correlation of 0.12 indicates that less than 12.0% of current IShares Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 7.01 |
iShares Energy ETF lagged returns against current returns
Autocorrelation, which is IShares Energy etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting IShares Energy's etf expected returns. We can calculate the autocorrelation of IShares Energy returns to help us make a trade decision. For example, suppose you find that IShares Energy has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
IShares Energy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If IShares Energy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Energy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Energy etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Energy Lagged Returns
When evaluating IShares Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Energy etf have on its future price. IShares Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, IShares Energy autocorrelation shows the relationship between IShares Energy etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Energy ETF.
Regressed Prices |
| Timeline |
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IShares Energy technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.