Ishares Convertible Bond Etf Market Value
| ICVT Etf | USD 77.23 0.07 0.09% |
| Symbol | IShares |
The market value of iShares Convertible Bond 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 Convertible's value that differs from its market value or its book value, called intrinsic value, which is IShares Convertible'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 Convertible's market value can be influenced by many factors that don't directly affect IShares Convertible'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 Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Convertible'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 Convertible '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 Convertible'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 Convertible.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in IShares Convertible on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Convertible Bond or generate 0.0% return on investment in IShares Convertible over 30 days. IShares Convertible is related to or competes with IShares MSCI, IShares Dividend, IShares MSCI, IShares Short, and IShares ESG. The fund will invest at least 80 percent of its assets in the component securities of the underlying index, and it will ... More
IShares Convertible 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 Convertible'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 Convertible Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.0 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 0.6703 |
IShares Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Convertible's standard deviation. In reality, there are many statistical measures that can use IShares Convertible historical prices to predict the future IShares Convertible's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | (0.07) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Convertible'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 Convertible Bond Backtested Returns
iShares Convertible Bond holds Efficiency (Sharpe) Ratio of -7.0E-4, which attests that the entity had a -7.0E-4% return per unit of risk over the last 3 months. iShares Convertible Bond exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Convertible's Standard Deviation of 0.5094, market risk adjusted performance of (0.06), and Risk Adjusted Performance of (0) to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Convertible is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
iShares Convertible Bond has good predictability. Overlapping area represents the amount of predictability between IShares Convertible time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Convertible Bond price movement. The serial correlation of 0.77 indicates that around 77.0% of current IShares Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
iShares Convertible Bond lagged returns against current returns
Autocorrelation, which is IShares Convertible 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 Convertible's etf expected returns. We can calculate the autocorrelation of IShares Convertible returns to help us make a trade decision. For example, suppose you find that IShares Convertible 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 Convertible 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 Convertible etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Convertible etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Convertible etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Convertible Lagged Returns
When evaluating IShares Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Convertible etf have on its future price. IShares Convertible 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 Convertible autocorrelation shows the relationship between IShares Convertible etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Convertible Bond.
Regressed Prices |
| Timeline |
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