Ishares Esg Aware Etf Market Value

EAOA Etf  USD 33.83  0.22  0.65%   
IShares ESG's market value is the price at which a share of IShares ESG trades on a public exchange. It measures the collective expectations of IShares ESG Aware investors about its performance. IShares ESG is trading at 33.83 as of the 28th of March 2024, a -0.65 percent decrease since the beginning of the trading day. The etf's open price was 34.05.
With this module, you can estimate the performance of a buy and hold strategy of IShares ESG Aware and determine expected loss or profit from investing in IShares ESG over a given investment horizon. Check out IShares ESG Correlation, IShares ESG Volatility and IShares ESG Alpha and Beta module to complement your research on IShares ESG.
Symbol

The market value of IShares ESG Aware 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 ESG's value that differs from its market value or its book value, called intrinsic value, which is IShares ESG'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 ESG's market value can be influenced by many factors that don't directly affect IShares ESG'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 ESG's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares ESG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares ESG'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 ESG '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 ESG'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 ESG.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in IShares ESG on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding IShares ESG Aware or generate 0.0% return on investment in IShares ESG over 30 days. IShares ESG is related to or competes with WisdomTree International, DBX ETF, HP, General Electric, and Pfizer. The fund is a fund of funds and seeks to achieve its investment objective by investing primarily in underlying funds tha... More

IShares ESG 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 ESG'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 ESG Aware upside and downside potential and time the market with a certain degree of confidence.

IShares ESG Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares ESG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares ESG's standard deviation. In reality, there are many statistical measures that can use IShares ESG historical prices to predict the future IShares ESG's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares ESG'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.
Hype
Prediction
LowEstimatedHigh
33.2733.8334.39
Details
Intrinsic
Valuation
LowRealHigh
30.4536.5637.12
Details
Naive
Forecast
LowNextHigh
33.3533.9134.47
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
33.7033.9034.11
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as IShares ESG. Your research has to be compared to or analyzed against IShares ESG's peers to derive any actionable benefits. When done correctly, IShares ESG's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in IShares ESG Aware.

IShares ESG Aware Backtested Returns

We consider IShares ESG very steady. IShares ESG Aware holds Efficiency (Sharpe) Ratio of 0.16, which attests that the entity had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for IShares ESG Aware, which you can use to evaluate the volatility of the entity. Please check out IShares ESG's Risk Adjusted Performance of 0.1091, market risk adjusted performance of 4.97, and Downside Deviation of 0.5231 to validate if the risk estimate we provide is consistent with the expected return of 0.0878%. The etf retains a Market Volatility (i.e., Beta) of 0.0196, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares ESG's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares ESG is expected to be smaller as well.

Auto-correlation

    
  0.63  

Good predictability

IShares ESG Aware has good predictability. Overlapping area represents the amount of predictability between IShares ESG time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 ESG Aware price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current IShares ESG price fluctuation can be explain by its past prices.
Correlation Coefficient0.63
Spearman Rank Test0.46
Residual Average0.0
Price Variance0.05

IShares ESG Aware lagged returns against current returns

Autocorrelation, which is IShares ESG 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 ESG's etf expected returns. We can calculate the autocorrelation of IShares ESG returns to help us make a trade decision. For example, suppose you find that IShares ESG 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 ESG 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 ESG etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares ESG etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares ESG etf over time.
   Current vs Lagged Prices   
       Timeline  

IShares ESG Lagged Returns

When evaluating IShares ESG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares ESG etf have on its future price. IShares ESG 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 ESG autocorrelation shows the relationship between IShares ESG etf current value and its past values and can show if there is a momentum factor associated with investing in IShares ESG Aware.
   Regressed Prices   
       Timeline  

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards IShares ESG in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, IShares ESG's short interest history, or implied volatility extrapolated from IShares ESG options trading.

Pair Trading with IShares ESG

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 ESG 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 ESG will appreciate offsetting losses from the drop in the long position's value.

Moving together with IShares Etf

  0.64CLSC Exchange Traded ConceptsPairCorr
  0.97RISN Inspire Tactical BalancedPairCorr
  0.99ROMO Strategy Shares NewfPairCorr
  0.91PFFL ETRACS 2xMonthly PayPairCorr

Moving against IShares Etf

  0.71YCL ProShares Ultra YenPairCorr
  0.66FXY Invesco CurrencySharesPairCorr
  0.58CYB CYBPairCorr
  0.45FXA Invesco CurrencySharesPairCorr
The ability to find closely correlated positions to IShares ESG 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 ESG 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 ESG - 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 ESG Aware to buy it.
The correlation of IShares ESG 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 ESG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IShares ESG Aware 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 ESG 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.
Pair CorrelationCorrelation Matching
When determining whether IShares ESG Aware is a strong investment it is important to analyze IShares ESG's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact IShares ESG's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:
Check out IShares ESG Correlation, IShares ESG Volatility and IShares ESG Alpha and Beta module to complement your research on IShares ESG.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

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IShares ESG 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.
A focus of IShares ESG technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of IShares ESG trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...