Ishares Governmentcredit Bond Etf Market Value
GBF Etf | USD 103.86 0.12 0.12% |
Symbol | IShares |
The market value of IShares GovernmentCredit 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 GovernmentCredit's value that differs from its market value or its book value, called intrinsic value, which is IShares GovernmentCredit'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 GovernmentCredit's market value can be influenced by many factors that don't directly affect IShares GovernmentCredit'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 GovernmentCredit's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares GovernmentCredit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares GovernmentCredit'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 GovernmentCredit '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 GovernmentCredit'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 GovernmentCredit.
11/20/2022 |
| 11/09/2024 |
If you would invest 0.00 in IShares GovernmentCredit on November 20, 2022 and sell it all today you would earn a total of 0.00 from holding iShares GovernmentCredit Bond or generate 0.0% return on investment in IShares GovernmentCredit over 720 days. IShares GovernmentCredit is related to or competes with IShares Intermediate, IShares Agency, IShares 10, IShares New, and IShares California. The underlying index measures the performance of U.S More
IShares GovernmentCredit 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 GovernmentCredit'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 GovernmentCredit Bond upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.3096 | |||
Information Ratio | (0.57) | |||
Maximum Drawdown | 1.27 | |||
Value At Risk | (0.48) | |||
Potential Upside | 0.4497 |
IShares GovernmentCredit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares GovernmentCredit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares GovernmentCredit's standard deviation. In reality, there are many statistical measures that can use IShares GovernmentCredit historical prices to predict the future IShares GovernmentCredit's volatility.Risk Adjusted Performance | (0.01) | |||
Jensen Alpha | 0.0045 | |||
Total Risk Alpha | (0.07) | |||
Sortino Ratio | (0.54) | |||
Treynor Ratio | 0.1004 |
IShares GovernmentCredit Backtested Returns
IShares GovernmentCredit holds Efficiency (Sharpe) Ratio of -0.0205, which attests that the entity had a -0.0205% return per unit of risk over the last 3 months. IShares GovernmentCredit exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares GovernmentCredit's Risk Adjusted Performance of (0.01), downside deviation of 0.3096, and Market Risk Adjusted Performance of 0.1104 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of -0.0779, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IShares GovernmentCredit are expected to decrease at a much lower rate. During the bear market, IShares GovernmentCredit is likely to outperform the market.
Auto-correlation | -0.61 |
Very good reverse predictability
iShares GovernmentCredit Bond has very good reverse predictability. Overlapping area represents the amount of predictability between IShares GovernmentCredit time series from 20th of November 2022 to 15th of November 2023 and 15th of November 2023 to 9th of November 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 GovernmentCredit price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current IShares GovernmentCredit price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.61 | |
Spearman Rank Test | -0.28 | |
Residual Average | 0.0 | |
Price Variance | 5.6 |
IShares GovernmentCredit lagged returns against current returns
Autocorrelation, which is IShares GovernmentCredit 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 GovernmentCredit's etf expected returns. We can calculate the autocorrelation of IShares GovernmentCredit returns to help us make a trade decision. For example, suppose you find that IShares GovernmentCredit 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 GovernmentCredit 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 GovernmentCredit etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares GovernmentCredit etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares GovernmentCredit etf over time.
Current vs Lagged Prices |
Timeline |
IShares GovernmentCredit Lagged Returns
When evaluating IShares GovernmentCredit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares GovernmentCredit etf have on its future price. IShares GovernmentCredit 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 GovernmentCredit autocorrelation shows the relationship between IShares GovernmentCredit etf current value and its past values and can show if there is a momentum factor associated with investing in iShares GovernmentCredit Bond.
Regressed Prices |
Timeline |
Currently Active Assets on Macroaxis
When determining whether IShares GovernmentCredit is a strong investment it is important to analyze IShares GovernmentCredit'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 GovernmentCredit's future performance. For an informed investment choice regarding IShares Etf, refer to the following important reports:Check out IShares GovernmentCredit Correlation, IShares GovernmentCredit Volatility and IShares GovernmentCredit Alpha and Beta module to complement your research on IShares GovernmentCredit. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
IShares GovernmentCredit 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.