Ishares Governmentcredit Bond Etf Market Value
| GBF Etf | USD 100.77 0.34 0.34% |
| 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.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in IShares GovernmentCredit on March 20, 2024 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 30 days. IShares GovernmentCredit is related to or competes with Vanguard Short, Vanguard Long, Vanguard Intermediate, Vanguard Short, and Vanguard Mortgage. 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.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 1.39 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.4283 |
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 | (0.07) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares GovernmentCredit'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 GovernmentCredit Backtested Returns
IShares GovernmentCredit holds Efficiency (Sharpe) Ratio of -0.099, which attests that the entity had a -0.099% return per unit of risk over the last 3 months. IShares GovernmentCredit exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares GovernmentCredit's Standard Deviation of 0.3411, risk adjusted performance of (0.07), and Market Risk Adjusted Performance of (0.19) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.23, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares GovernmentCredit's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares GovernmentCredit is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
iShares GovernmentCredit Bond has below average predictability. Overlapping area represents the amount of predictability between IShares GovernmentCredit 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 GovernmentCredit price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current IShares GovernmentCredit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out IShares GovernmentCredit Correlation, IShares GovernmentCredit Volatility and IShares GovernmentCredit Alpha and Beta module to complement your research on IShares GovernmentCredit. Note that the IShares GovernmentCredit information on this page should be used as a complementary analysis to other IShares GovernmentCredit'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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
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.