Ishares Europe Etf Market Value
| IEV Etf | USD 54.15 0.62 1.16% |
| Symbol | IShares |
The market value of iShares Europe ETF 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 Europe's value that differs from its market value or its book value, called intrinsic value, which is IShares Europe'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 Europe's market value can be influenced by many factors that don't directly affect IShares Europe'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 Europe's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Europe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Europe'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 Europe '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 Europe'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 Europe.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in IShares Europe on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Europe ETF or generate 0.0% return on investment in IShares Europe over 30 days. IShares Europe is related to or competes with First Trust, First Trust, and First Trust. The index measures the performance of the securities of leading companies in the following countries Austria, Belgium, D... More
IShares Europe 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 Europe'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 Europe ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6944 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.39 | |||
| Value At Risk | (0.96) | |||
| Potential Upside | 1.11 |
IShares Europe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Europe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Europe's standard deviation. In reality, there are many statistical measures that can use IShares Europe historical prices to predict the future IShares Europe's volatility.| Risk Adjusted Performance | 0.073 | |||
| Jensen Alpha | 0.0026 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0783 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Europe'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 Europe ETF Backtested Returns
We consider IShares Europe very steady. iShares Europe ETF holds Efficiency (Sharpe) Ratio of 0.0809, which attests that the entity had a 0.0809% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares Europe ETF, which you can use to evaluate the volatility of the entity. Please check out IShares Europe's Market Risk Adjusted Performance of 0.0883, risk adjusted performance of 0.073, and Downside Deviation of 0.6944 to validate if the risk estimate we provide is consistent with the expected return of 0.055%. The etf retains a Market Volatility (i.e., Beta) of 0.89, which attests to possible diversification benefits within a given portfolio. IShares Europe returns are very sensitive to returns on the market. As the market goes up or down, IShares Europe is expected to follow.
Auto-correlation | 0.46 |
Average predictability
iShares Europe ETF has average predictability. Overlapping area represents the amount of predictability between IShares Europe time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Europe ETF price movement. The serial correlation of 0.46 indicates that about 46.0% of current IShares Europe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.59 |
iShares Europe ETF lagged returns against current returns
Autocorrelation, which is IShares Europe 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 Europe's etf expected returns. We can calculate the autocorrelation of IShares Europe returns to help us make a trade decision. For example, suppose you find that IShares Europe 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 Europe 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 Europe etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Europe etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Europe etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Europe Lagged Returns
When evaluating IShares Europe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Europe etf have on its future price. IShares Europe 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 Europe autocorrelation shows the relationship between IShares Europe etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Europe ETF.
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 Europe 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 Europe's short interest history, or implied volatility extrapolated from IShares Europe options trading.
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Try AI Portfolio ArchitectCheck out IShares Europe Correlation, IShares Europe Volatility and IShares Europe Alpha and Beta module to complement your research on IShares Europe. Note that the iShares Europe ETF information on this page should be used as a complementary analysis to other IShares Europe's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
IShares Europe 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.