Ishares Gold Strategy Etf Market Value
| IAUF Etf | USD 62.52 0.13 0.21% |
| Symbol | IShares |
The market value of iShares Gold Strategy 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 Gold's value that differs from its market value or its book value, called intrinsic value, which is IShares Gold'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 Gold's market value can be influenced by many factors that don't directly affect IShares Gold'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 Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Gold'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 Gold '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 Gold'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 Gold.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in IShares Gold on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding iShares Gold Strategy or generate 0.0% return on investment in IShares Gold over 180 days. IShares Gold is related to or competes with VanEck Merk, Goldman Sachs, GraniteShares Gold, IShares Gold, and IShares Bloomberg. The underlying index is composed of exchange-traded gold futures contracts and one or more ETPs backed by or linked to p... More
IShares Gold 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 Gold'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 Gold Strategy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6709 | |||
| Information Ratio | 0.2279 | |||
| Maximum Drawdown | 3.3 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.75 |
IShares Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Gold's standard deviation. In reality, there are many statistical measures that can use IShares Gold historical prices to predict the future IShares Gold's volatility.| Risk Adjusted Performance | 0.1979 | |||
| Jensen Alpha | 0.2079 | |||
| Total Risk Alpha | 0.1611 | |||
| Sortino Ratio | 0.2616 | |||
| Treynor Ratio | 0.5238 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Gold'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 Gold Strategy Backtested Returns
IShares Gold appears to be very steady, given 3 months investment horizon. iShares Gold Strategy holds Efficiency (Sharpe) Ratio of 0.34, which attests that the entity had a 0.34% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Gold Strategy, which you can use to evaluate the volatility of the entity. Please utilize IShares Gold's Downside Deviation of 0.6709, risk adjusted performance of 0.1979, and Market Risk Adjusted Performance of 0.5338 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Gold is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
iShares Gold Strategy has modest predictability. Overlapping area represents the amount of predictability between IShares Gold 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 Gold Strategy price movement. The serial correlation of 0.54 indicates that about 54.0% of current IShares Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 10.51 |
iShares Gold Strategy lagged returns against current returns
Autocorrelation, which is IShares Gold 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 Gold's etf expected returns. We can calculate the autocorrelation of IShares Gold returns to help us make a trade decision. For example, suppose you find that IShares Gold 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 Gold 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 Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Gold etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Gold Lagged Returns
When evaluating IShares Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Gold etf have on its future price. IShares Gold 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 Gold autocorrelation shows the relationship between IShares Gold etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Gold Strategy.
Regressed Prices |
| Timeline |
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IShares Gold 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.