Ishares Convertible Bond Etf Market Value

ICVT Etf  USD 78.09  0.05  0.06%   
IShares Convertible's market value is the price at which a share of IShares Convertible trades on a public exchange. It measures the collective expectations of iShares Convertible Bond investors about its performance. IShares Convertible is selling for under 78.09 as of the 22nd of June 2024; that is 0.06 percent increase since the beginning of the trading day. The etf's last reported lowest price was 77.83.
With this module, you can estimate the performance of a buy and hold strategy of iShares Convertible Bond and determine expected loss or profit from investing in IShares Convertible over a given investment horizon. Check out IShares Convertible Correlation, IShares Convertible Volatility and IShares Convertible Alpha and Beta module to complement your research on IShares Convertible.
Symbol

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.
0.00
05/23/2024
No Change 0.00  0.0 
In 31 days
06/22/2024
0.00
If you would invest  0.00  in IShares Convertible on May 23, 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 First Trust, First Trust, First Trust, First Trust, and First Trust. 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.

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.
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.
Hype
Prediction
LowEstimatedHigh
77.6078.0978.58
Details
Intrinsic
Valuation
LowRealHigh
77.5178.0078.49
Details
Naive
Forecast
LowNextHigh
78.4778.9679.45
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
77.6578.4279.19
Details

iShares Convertible Bond Backtested Returns

iShares Convertible Bond holds Efficiency (Sharpe) Ratio of -0.0381, which attests that the entity had a -0.0381% return per unit of risk over the last 3 months. iShares Convertible Bond exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IShares Convertible's insignificant Market Risk Adjusted Performance, downside deviation of 0.5195, and Risk Adjusted Performance of 0.0023 to validate the risk estimate we provide. The etf retains a Market Volatility (i.e., Beta) of 0.49, which attests to possible diversification benefits within a given portfolio. 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

    
  -0.1  

Very weak reverse predictability

iShares Convertible Bond has very weak reverse predictability. Overlapping area represents the amount of predictability between IShares Convertible time series from 23rd of May 2024 to 7th of June 2024 and 7th of June 2024 to 22nd of June 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 -0.1 indicates that less than 10.0% of current IShares Convertible price fluctuation can be explain by its past prices.
Correlation Coefficient-0.1
Spearman Rank Test-0.25
Residual Average0.0
Price Variance0.06

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  

Pair Trading with IShares Convertible

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IShares Convertible position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares Convertible will appreciate offsetting losses from the drop in the long position's value.

Moving together with IShares Etf

  0.95FCVT First Trust SSIPairCorr
  0.92QCON American Century QualityPairCorr
  0.84GREI Goldman Sachs FuturePairCorr

Moving against IShares Etf

  0.59BITI ProShares TrustPairCorr
  0.34CAPD Barclays CapitalPairCorr
The ability to find closely correlated positions to IShares Convertible could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Convertible when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Convertible - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Convertible Bond to buy it.
The correlation of IShares Convertible is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Convertible moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Convertible Bond moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IShares Convertible can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Additional Information and Resources on Investing in IShares Etf

When determining whether iShares Convertible Bond is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if IShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ishares Convertible Bond Etf. Highlighted below are key reports to facilitate an investment decision about Ishares Convertible Bond Etf:
Check out IShares Convertible Correlation, IShares Convertible Volatility and IShares Convertible Alpha and Beta module to complement your research on IShares Convertible.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
IShares Convertible 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.
A focus of IShares Convertible technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of IShares Convertible trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...