Ishares Intl High Etf Market Value
GHYG Etf | USD 43.71 0.19 0.44% |
Symbol | IShares |
The market value of iShares Intl High 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 Intl's value that differs from its market value or its book value, called intrinsic value, which is IShares Intl'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 Intl's market value can be influenced by many factors that don't directly affect IShares Intl'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 Intl's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Intl is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Intl'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 Intl '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 Intl'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 Intl.
03/05/2024 |
| 05/04/2024 |
If you would invest 0.00 in IShares Intl on March 5, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Intl High or generate 0.0% return on investment in IShares Intl over 60 days. IShares Intl is related to or competes with Rivernorth Opportunistic, MFS Investment, RiverNorth Managed, Blackrock Muniholdings, Blackrock Muniholdings, DTF Tax, and John Hancock. The fund will invest at least 80 percent of its assets in the component securities of the underlying index, and the fund... More
IShares Intl 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 Intl'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 Intl High upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.4084 | |||
Information Ratio | (0.17) | |||
Maximum Drawdown | 1.59 | |||
Value At Risk | (0.55) | |||
Potential Upside | 0.5108 |
IShares Intl Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Intl's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Intl's standard deviation. In reality, there are many statistical measures that can use IShares Intl historical prices to predict the future IShares Intl's volatility.Risk Adjusted Performance | 0.0271 | |||
Jensen Alpha | (0.02) | |||
Total Risk Alpha | (0.03) | |||
Sortino Ratio | (0.15) | |||
Treynor Ratio | 0.0219 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Intl'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 Intl High Backtested Returns
We consider IShares Intl very steady. iShares Intl High holds Efficiency (Sharpe) Ratio of 0.0838, which attests that the entity had a 0.0838% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Intl High, which you can use to evaluate the volatility of the entity. Please check out IShares Intl's Downside Deviation of 0.4084, market risk adjusted performance of 0.0319, and Risk Adjusted Performance of 0.0271 to validate if the risk estimate we provide is consistent with the expected return of 0.0284%. The etf retains a Market Volatility (i.e., Beta) of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Intl's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Intl is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
iShares Intl High has weak reverse predictability. Overlapping area represents the amount of predictability between IShares Intl time series from 5th of March 2024 to 4th of April 2024 and 4th of April 2024 to 4th of May 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 Intl High price movement. The serial correlation of -0.22 indicates that over 22.0% of current IShares Intl price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.22 | |
Spearman Rank Test | 0.06 | |
Residual Average | 0.0 | |
Price Variance | 0.08 |
iShares Intl High lagged returns against current returns
Autocorrelation, which is IShares Intl 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 Intl's etf expected returns. We can calculate the autocorrelation of IShares Intl returns to help us make a trade decision. For example, suppose you find that IShares Intl 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 Intl 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 Intl etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Intl etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Intl etf over time.
Current vs Lagged Prices |
Timeline |
IShares Intl Lagged Returns
When evaluating IShares Intl's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Intl etf have on its future price. IShares Intl 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 Intl autocorrelation shows the relationship between IShares Intl etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Intl High.
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 Intl 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 Intl's short interest history, or implied volatility extrapolated from IShares Intl options trading.
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IShares Intl 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.