Ishares Floating Rate Etf Market Value
| FLOT Etf | USD 51.02 0.03 0.06% |
| Symbol | IShares |
The market value of iShares Floating Rate 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 Floating's value that differs from its market value or its book value, called intrinsic value, which is IShares Floating'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 Floating's market value can be influenced by many factors that don't directly affect IShares Floating'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 Floating's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Floating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Floating'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 Floating '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 Floating'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 Floating.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in IShares Floating on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Floating Rate or generate 0.0% return on investment in IShares Floating over 180 days. IShares Floating is related to or competes with IShares ESG, First Trust, First Trust, and First Trust. The fund will invest at least 80 percent of its assets in the component securities of the underlying index, and the fund... More
IShares Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0404 | |||
| Information Ratio | (1.05) | |||
| Maximum Drawdown | 0.1984 | |||
| Value At Risk | (0.02) | |||
| Potential Upside | 0.0988 |
IShares Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Floating's standard deviation. In reality, there are many statistical measures that can use IShares Floating historical prices to predict the future IShares Floating's volatility.| Risk Adjusted Performance | 0.33 | |||
| Jensen Alpha | 0.0186 | |||
| Total Risk Alpha | 0.0158 | |||
| Sortino Ratio | (0.97) | |||
| Treynor Ratio | 1.46 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Floating'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 Floating Rate Backtested Returns
We consider IShares Floating very steady. iShares Floating Rate holds Efficiency (Sharpe) Ratio of 0.74, which attests that the entity had a 0.74% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Floating Rate, which you can use to evaluate the volatility of the entity. Please check out IShares Floating's Market Risk Adjusted Performance of 1.47, risk adjusted performance of 0.33, and Coefficient Of Variation of 127.45 to validate if the risk estimate we provide is consistent with the expected return of 0.0286%. The etf retains a Market Volatility (i.e., Beta) of 0.0133, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Floating is expected to be smaller as well.
Auto-correlation | 0.99 |
Perfect predictability
iShares Floating Rate has perfect predictability. Overlapping area represents the amount of predictability between IShares Floating time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 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 Floating Rate price movement. The serial correlation of 0.99 indicates that 99.0% of current IShares Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.99 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
iShares Floating Rate lagged returns against current returns
Autocorrelation, which is IShares Floating 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 Floating's etf expected returns. We can calculate the autocorrelation of IShares Floating returns to help us make a trade decision. For example, suppose you find that IShares Floating 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 Floating 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 Floating etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Floating etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Floating etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Floating Lagged Returns
When evaluating IShares Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Floating etf have on its future price. IShares Floating 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 Floating autocorrelation shows the relationship between IShares Floating etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Floating Rate.
Regressed Prices |
| Timeline |
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IShares Floating 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.