Ishares Transportation Average Etf Profile
IYT Etf | USD 65.84 0.41 0.63% |
Performance0 of 100
| Odds Of DistressLess than 37
|
IShares Transportation is selling for under 65.84 as of the 4th of May 2024; that is 0.63 percent up since the beginning of the trading day. The etf's last reported lowest price was 65.81. IShares Transportation has about a 37 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for iShares Transportation Average are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of April 2024 and ending today, the 4th of May 2024. Click here to learn more.
The fund generally will invest at least 80 percent of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. More on iShares Transportation Average
IShares Etf Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. IShares Transportation's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IShares Transportation or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Chairman | Lee Kranefuss |
Thematic Ideas | (View all Themes) |
Business Concentration | Sector ETFs, Industrials ETFs, Industrials, iShares (View all Sectors) |
Issuer | iShares |
Inception Date | 2003-10-06 |
Benchmark | S&P Transportation Select Industry FMC Capped Index |
Entity Type | Regulated Investment Company |
Asset Under Management | 906.37 Million |
Average Trading Valume | 663,845.2 |
Asset Type | Equity |
Category | Sector |
Focus | Industrials |
Market Concentration | Developed Markets |
Region | North America |
Administrator | State Street Bank and Trust Company |
Advisor | BlackRock Fund Advisors |
Custodian | State Street Bank and Trust Company |
Distributor | BlackRock Investments, LLC |
Portfolio Manager | Jennifer Hsui, Greg Savage, Paul Whitehead, Amy Whitelaw |
Transfer Agent | State Street Bank and Trust Company |
Fiscal Year End | 30-Apr |
Exchange | Cboe BZX Exchange, Inc. |
Number of Constituents | 48.0 |
Market Maker | Latour Trading |
Total Expense | 0.39 |
Management Fee | 0.39 |
Country Name | USA |
Returns Y T D | (0.01) |
Name | iShares Transportation Average ETF |
Currency Code | USD |
Open Figi | BBG000BPNZB6 |
In Threey Volatility | 24.64 |
1y Volatility | 26.82 |
200 Day M A | 63.7796 |
50 Day M A | 68.5699 |
Code | IYT |
Updated At | 3rd of May 2024 |
Currency Name | US Dollar |
iShares Transportation Average [IYT] is traded in USA and was established 2003-10-06. The fund is classified under Industrials category within iShares family. The entity is thematically classified as Sector ETFs. iShares Transportation currently have 727.52 M in assets under management (AUM). , while the total return for the last 3 years was 0.1%.
Check IShares Transportation Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on IShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding IShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as iShares Transportation Average Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top iShares Transportation Average Etf Constituents
R | Ryder System | Stock | Industrials |
UPS | United Parcel Service | Stock | Industrials |
UNP | Union Pacific | Stock | Industrials |
UBER | Uber Technologies | Stock | Industrials |
UAL | United Airlines Holdings | Stock | Industrials |
ODFL | Old Dominion Freight | Stock | Industrials |
NSC | Norfolk Southern | Stock | Industrials |
IShares Transportation Target Price Odds Analysis
Attributed to a normal probability distribution, the odds of IShares Transportation jumping above the current price in 90 days from now is about 90.54%. The iShares Transportation Average probability density function shows the probability of IShares Transportation etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the etf has a beta coefficient of 1.3646. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, IShares Transportation will likely underperform. Additionally, iShares Transportation Average has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of IShares Transportation to move above the current price in 90 days from now is about 90.54 (This iShares Transportation Average probability density function shows the probability of IShares Etf to fall within a particular range of prices over 90 days) .
IShares Transportation Top Holders
RQEIX | Resq Dynamic Allocation | Mutual Fund | Tactical Allocation |
RQEAX | Resq Dynamic Allocation | Mutual Fund | Tactical Allocation |
RQECX | Resq Dynamic Allocation | Mutual Fund | Tactical Allocation |
NAVCX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity |
NAVAX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity |
NAVIX | Navigator Equity Hedged | Mutual Fund | Long-Short Equity |
COMVX | Comstock Capital Value | Mutual Fund | Trading--Inverse Equity |
iShares Transportation Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. IShares Transportation market risk premium is the additional return an investor will receive from holding IShares Transportation long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IShares Transportation. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although IShares Transportation's alpha and beta are two of the key measurements used to evaluate IShares Transportation's performance over the market, the standard measures of volatility play an important role as well.
Risk Adjusted Performance | 0.0082 | |||
Jensen Alpha | (0.06) | |||
Total Risk Alpha | (0.08) | |||
Sortino Ratio | (0.04) |
IShares Transportation Against Markets
Picking the right benchmark for IShares Transportation etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in IShares Transportation etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for IShares Transportation is critical whether you are bullish or bearish towards iShares Transportation Average at a given time. Please also check how IShares Transportation's historical prices are related to one of the top price index indicators.
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How to buy IShares Etf?
Before investing in IShares Transportation, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in IShares Transportation. To buy IShares Transportation etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of IShares Transportation. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase IShares Transportation etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located iShares Transportation Average etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased iShares Transportation Average etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as iShares Transportation Average, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy IShares Etf please use our How to Invest in IShares Transportation guide.
Already Invested in iShares Transportation Average?
The danger of trading iShares Transportation Average is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IShares Transportation is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IShares Transportation. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iShares Transportation is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether iShares Transportation 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 Transportation Average Etf. Highlighted below are key reports to facilitate an investment decision about Ishares Transportation Average Etf: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Transportation Average. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
The market value of iShares Transportation 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 Transportation's value that differs from its market value or its book value, called intrinsic value, which is IShares Transportation'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 Transportation's market value can be influenced by many factors that don't directly affect IShares Transportation'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 Transportation's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Transportation is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Transportation'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.