Ishares Technology Etf Technical Analysis
| IYW Etf | USD 128.84 0.32 0.25% |
As of the 25th of April, IShares Technology retains the Market Risk Adjusted Performance of 0.0394, downside deviation of 1.29, and Risk Adjusted Performance of 0.0059. IShares Technology technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the entity's future prices. Simply put, you can use this information to find out if the entity will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for iShares Technology ETF, which can be compared to its competitors. Please check out iShares Technology ETF semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if IShares Technology is priced fairly, providing market reflects its last-minute price of 128.84 per share.
IShares Technology Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as IShares, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ISharesIShares |
IShares Technology 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.
iShares Technology ETF Technical Analysis
The output start index for this execution was five with a total number of output elements of fifty-six. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of iShares Technology ETF volatility. High ATR values indicate high volatility, and low values indicate low volatility.
iShares Technology ETF Trend Analysis
Use this graph to draw trend lines for iShares Technology ETF. You can use it to identify possible trend reversals for IShares Technology as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual IShares Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.IShares Technology Best Fit Change Line
The following chart estimates an ordinary least squares regression model for iShares Technology ETF applied against its price change over selected period. The best fit line has a slop of 0.01 , which may imply that iShares Technology ETF will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 2.1, which is the sum of squared deviations for the predicted IShares Technology price change compared to its average price change.About IShares Technology Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of iShares Technology ETF on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of iShares Technology ETF based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on iShares Technology ETF price pattern first instead of the macroeconomic environment surrounding iShares Technology ETF. By analyzing IShares Technology's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of IShares Technology's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to IShares Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
IShares Technology April 25, 2024 Technical Indicators
Most technical analysis of IShares help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for IShares from various momentum indicators to cycle indicators. When you analyze IShares charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0059 | |||
| Market Risk Adjusted Performance | 0.0394 | |||
| Mean Deviation | 0.9677 | |||
| Semi Deviation | 1.23 | |||
| Downside Deviation | 1.29 | |||
| Coefficient Of Variation | 67480.93 | |||
| Standard Deviation | 1.25 | |||
| Variance | 1.56 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | 0.0134 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0294 | |||
| Maximum Drawdown | 6.19 | |||
| Value At Risk | (2.10) | |||
| Potential Upside | 1.86 | |||
| Downside Variance | 1.67 | |||
| Semi Variance | 1.51 | |||
| Expected Short fall | (1.00) | |||
| Skewness | 0.0309 | |||
| Kurtosis | (0.01) |
iShares Technology ETF One Year Return
Based on the recorded statements, iShares Technology ETF has an One Year Return of 41.5%. This is much higher than that of the iShares family and 103.15% higher than that of the Technology category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Technology ETF. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
The market value of iShares Technology 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 Technology's value that differs from its market value or its book value, called intrinsic value, which is IShares Technology'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 Technology's market value can be influenced by many factors that don't directly affect IShares Technology'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 Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Technology'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.