IShares VII (Switzerland) Market Value
| CSBGE7 Etf | EUR 126.81 0.47 0.37% |
| Symbol | IShares |
IShares VII '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 VII'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 VII.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in IShares VII on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding iShares VII PLC or generate 0.0% return on investment in IShares VII over 30 days. IShares VII is related to or competes with IShares Corp, IShares Emerging, IShares VII, IShares Asia, IShares MSCI, IShares SP, and IShares MSCI. The investment objective of the Fund is to replicate the performance of the Reference Index More
IShares VII 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 VII'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 VII PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 0.8637 | |||
| Value At Risk | (0.39) | |||
| Potential Upside | 0.3623 |
IShares VII Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares VII's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares VII's standard deviation. In reality, there are many statistical measures that can use IShares VII historical prices to predict the future IShares VII's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | 0.3936 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares VII'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 VII PLC Backtested Returns
We consider IShares VII very steady. iShares VII PLC holds Efficiency (Sharpe) Ratio of 0.0108, which attests that the entity had a 0.0108% return per unit of risk over the last 3 months. We have found twenty-three technical indicators for iShares VII PLC, which you can use to evaluate the volatility of the entity. Please check out IShares VII's Market Risk Adjusted Performance of 0.4036, risk adjusted performance of (0.02), and Standard Deviation of 0.2255 to validate if the risk estimate we provide is consistent with the expected return of 0.0024%. The etf retains a Market Volatility (i.e., Beta) of -0.0272, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares VII are expected to decrease at a much lower rate. During the bear market, IShares VII is likely to outperform the market.
Auto-correlation | -0.55 |
Good reverse predictability
iShares VII PLC has good reverse predictability. Overlapping area represents the amount of predictability between IShares VII time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 VII PLC price movement. The serial correlation of -0.55 indicates that about 55.0% of current IShares VII price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.55 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
iShares VII PLC lagged returns against current returns
Autocorrelation, which is IShares VII 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 VII's etf expected returns. We can calculate the autocorrelation of IShares VII returns to help us make a trade decision. For example, suppose you find that IShares VII 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 VII 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 VII etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares VII etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares VII etf over time.
Current vs Lagged Prices |
| Timeline |
IShares VII Lagged Returns
When evaluating IShares VII's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares VII etf have on its future price. IShares VII 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 VII autocorrelation shows the relationship between IShares VII etf current value and its past values and can show if there is a momentum factor associated with investing in iShares VII PLC.
Regressed Prices |
| Timeline |
Pair Trading with IShares VII
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 VII 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 VII will appreciate offsetting losses from the drop in the long position's value.Moving against IShares Etf
| 0.5 | CSNKY | iShares VII PLC | PairCorr |
The ability to find closely correlated positions to IShares VII 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 VII 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 VII - 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 VII PLC to buy it.
The correlation of IShares VII 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 VII moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares VII PLC 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 VII 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 VII Correlation, IShares VII Volatility and IShares VII Alpha and Beta module to complement your research on IShares VII. Note that the iShares VII PLC information on this page should be used as a complementary analysis to other IShares VII'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 the Equity Valuation module to check real value of public entities based on technical and fundamental data.
IShares VII 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.