IShares China (Netherlands) Market Value
| CNYB Etf | USD 5.17 0.01 0.19% |
| Symbol | IShares |
IShares China '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 China'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 China.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in IShares China on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding iShares China CNY or generate 0.0% return on investment in IShares China over 30 days. IShares China is related to or competes with IShares Core, IShares MSCI, IShares MSCI, and IShares Core. The investment objective of the Fund is to provide investors with a total return, taking into account both capital and i... More
IShares China 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 China'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 China CNY upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2539 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 0.9701 | |||
| Value At Risk | (0.20) | |||
| Potential Upside | 0.3891 |
IShares China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares China's standard deviation. In reality, there are many statistical measures that can use IShares China historical prices to predict the future IShares China's volatility.| Risk Adjusted Performance | 0.0634 | |||
| Jensen Alpha | 0.0146 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 0.6808 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares China'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 China CNY Backtested Returns
We consider IShares China very steady. iShares China CNY holds Efficiency (Sharpe) Ratio of 0.0813, which attests that the entity had a 0.0813% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares China CNY, which you can use to evaluate the volatility of the entity. Please check out IShares China's Market Risk Adjusted Performance of 0.6908, coefficient of variation of 731.01, and Risk Adjusted Performance of 0.0634 to validate if the risk estimate we provide is consistent with the expected return of 0.0156%. The etf retains a Market Volatility (i.e., Beta) of 0.0246, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares China's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares China is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
iShares China CNY has good predictability. Overlapping area represents the amount of predictability between IShares China time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th 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 China CNY price movement. The serial correlation of 0.68 indicates that around 68.0% of current IShares China price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
iShares China CNY lagged returns against current returns
Autocorrelation, which is IShares China 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 China's etf expected returns. We can calculate the autocorrelation of IShares China returns to help us make a trade decision. For example, suppose you find that IShares China 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 China 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 China etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares China etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares China etf over time.
Current vs Lagged Prices |
| Timeline |
IShares China Lagged Returns
When evaluating IShares China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares China etf have on its future price. IShares China 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 China autocorrelation shows the relationship between IShares China etf current value and its past values and can show if there is a momentum factor associated with investing in iShares China CNY.
Regressed Prices |
| Timeline |
Pair Trading with IShares China
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IShares China position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares China will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.64 | VUSA | Vanguard SP 500 | PairCorr |
| 0.65 | EMIM | iShares Core MSCI | PairCorr |
| 0.64 | IUSA | iShares SP 500 | PairCorr |
| 0.68 | VWRL | Vanguard FTSE All | PairCorr |
The ability to find closely correlated positions to IShares China could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares China when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares China - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares China CNY to buy it.
The correlation of IShares China is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares China moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares China CNY moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IShares China can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out IShares China Correlation, IShares China Volatility and IShares China Alpha and Beta module to complement your research on IShares China. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
IShares China 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.