Ishares Evolved Technology Etf Market Value
| IETC Etf | USD 67.18 0.23 0.34% |
| Symbol | IShares |
The market value of iShares Evolved Tech 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 Evolved's value that differs from its market value or its book value, called intrinsic value, which is IShares Evolved'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 Evolved's market value can be influenced by many factors that don't directly affect IShares Evolved'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 Evolved's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Evolved is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Evolved'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 Evolved '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 Evolved'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 Evolved.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in IShares Evolved on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Evolved Technology or generate 0.0% return on investment in IShares Evolved over 90 days. IShares Evolved is related to or competes with IShares Evolved, SPDR Morgan, IShares Expanded, SPDR FactSet, and IShares Global. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its ... More
IShares Evolved 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 Evolved'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 Evolved Technology upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.19 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (2.15) | |||
| Potential Upside | 1.96 |
IShares Evolved Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Evolved's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Evolved's standard deviation. In reality, there are many statistical measures that can use IShares Evolved historical prices to predict the future IShares Evolved's volatility.| Risk Adjusted Performance | 0.0252 | |||
| Jensen Alpha | 0.0209 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.2525 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Evolved'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 Evolved Tech Backtested Returns
We consider IShares Evolved very steady. iShares Evolved Tech holds Efficiency (Sharpe) Ratio of 0.0324, which attests that the entity had a 0.0324% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Evolved Tech, which you can use to evaluate the volatility of the entity. Please check out IShares Evolved's Downside Deviation of 1.19, market risk adjusted performance of 0.2625, and Risk Adjusted Performance of 0.0252 to validate if the risk estimate we provide is consistent with the expected return of 0.0403%. The etf retains a Market Volatility (i.e., Beta) of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Evolved's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Evolved is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
iShares Evolved Technology has very good reverse predictability. Overlapping area represents the amount of predictability between IShares Evolved time series from 26th of January 2024 to 11th of March 2024 and 11th of March 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 Evolved Tech price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current IShares Evolved price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 2.21 |
iShares Evolved Tech lagged returns against current returns
Autocorrelation, which is IShares Evolved 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 Evolved's etf expected returns. We can calculate the autocorrelation of IShares Evolved returns to help us make a trade decision. For example, suppose you find that IShares Evolved 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 Evolved 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 Evolved etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Evolved etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Evolved etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Evolved Lagged Returns
When evaluating IShares Evolved's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Evolved etf have on its future price. IShares Evolved 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 Evolved autocorrelation shows the relationship between IShares Evolved etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Evolved Technology.
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 Evolved 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 Evolved's short interest history, or implied volatility extrapolated from IShares Evolved options trading.
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 Evolved Correlation, IShares Evolved Volatility and IShares Evolved Alpha and Beta module to complement your research on IShares Evolved. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
IShares Evolved 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.