Ishares India 50 Etf Market Value
| INDY Etf | USD 50.39 0.08 0.16% |
| Symbol | IShares |
The market value of iShares India 50 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 India's value that differs from its market value or its book value, called intrinsic value, which is IShares India'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 India's market value can be influenced by many factors that don't directly affect IShares India'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 India's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares India is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares India'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 India '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 India'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 India.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in IShares India on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding iShares India 50 or generate 0.0% return on investment in IShares India over 30 days. IShares India is related to or competes with IShares MSCI, Invesco India, IShares MSCI, WisdomTree India, and Columbia India. The underlying index measures the equity performance of the top 50 companies by free float market capitalization whose e... More
IShares India 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 India'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 India 50 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7566 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.57 | |||
| Value At Risk | (1.24) | |||
| Potential Upside | 1.21 |
IShares India Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares India's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares India's standard deviation. In reality, there are many statistical measures that can use IShares India historical prices to predict the future IShares India's volatility.| Risk Adjusted Performance | 0.0309 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0471 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares India'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 India 50 Backtested Returns
We consider IShares India very steady. iShares India 50 holds Efficiency (Sharpe) Ratio of 0.0698, which attests that the entity had a 0.0698% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for iShares India 50, which you can use to evaluate the volatility of the entity. Please check out IShares India's Risk Adjusted Performance of 0.0309, downside deviation of 0.7566, and Market Risk Adjusted Performance of 0.0571 to validate if the risk estimate we provide is consistent with the expected return of 0.0514%. The etf retains a Market Volatility (i.e., Beta) of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares India's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares India is expected to be smaller as well.
Auto-correlation | -0.02 |
Very weak reverse predictability
iShares India 50 has very weak reverse predictability. Overlapping area represents the amount of predictability between IShares India 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 India 50 price movement. The serial correlation of -0.02 indicates that only 2.0% of current IShares India price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
iShares India 50 lagged returns against current returns
Autocorrelation, which is IShares India 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 India's etf expected returns. We can calculate the autocorrelation of IShares India returns to help us make a trade decision. For example, suppose you find that IShares India 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 India 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 India etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares India etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares India etf over time.
Current vs Lagged Prices |
| Timeline |
IShares India Lagged Returns
When evaluating IShares India's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares India etf have on its future price. IShares India 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 India autocorrelation shows the relationship between IShares India etf current value and its past values and can show if there is a momentum factor associated with investing in iShares India 50.
Regressed Prices |
| Timeline |
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IShares India 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.