Ishares Global Materials Etf Profile
| MXI Etf | USD 86.82 0.03 0.03% |
Performance8 of 100
| Odds Of DistressLess than 9
|
IShares Global is trading at 86.82 as of the 3rd of May 2024. This is a 0.03 percent up since the beginning of the trading day. The etf's open price was 86.79. IShares Global has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for iShares Global Materials are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of April 2024 and ending today, the 3rd of May 2024. Click here to learn more.
The index measures the performance of companies that SPDJI deems to be part of the materials sector of the economy and that SPDJI believes are important to global markets. Global Materials is traded on NYSEARCA Exchange in the United States. More on iShares Global Materials
Moving together with IShares Etf
| 0.94 | XLB | Materials Select Sector | PairCorr |
| 0.93 | VAW | Vanguard Materials Index | PairCorr |
| 0.77 | XME | SPDR SP Metals | PairCorr |
| 0.79 | PHO | Invesco Water Resources | PairCorr |
| 0.64 | MOO | VanEck Agribusiness ETF | PairCorr |
| 0.89 | FXZ | First Trust Materials | PairCorr |
| 0.82 | FIW | First Trust Water | PairCorr |
Moving against IShares Etf
| 0.92 | WTID | UBS ETRACS | PairCorr |
| 0.85 | GDXD | MicroSectors Gold Miners | PairCorr |
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 Global's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IShares Global or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman | George Parker |
| Thematic Ideas | (View all Themes) |
| Old Names | [MAXIM INTEGR PROD, Maxim Integrated Products Inc., MAXIM INTEGR PROD - Dusseldorf Stock Exchang, MAXIM INTEGR PROD, MAXIM INTEGR PROD (MXI.SG), Maxim Integrated Products Inc, iShares Trust - iShares Global Materials ETF] |
| Business Concentration | Sector ETFs, Materials ETFs, Natural Resources, iShares (View all Sectors) |
| Issuer | iShares |
| Inception Date | 2006-09-12 |
| Benchmark | S&P Global 1200 Materials Sector Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 251.61 Million |
| Average Trading Valume | 7,617.7 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Materials |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | State Street Bank and Trust Company |
| Advisor | BlackRock Fund Advisors |
| Custodian | State Street Bank and Trust Company |
| Distributor | BlackRock Investments, LLC |
| Portfolio Manager | Diane Hsiung, Jennifer Hsui, Greg Savage, Alan Mason |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 31-Mar |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 121 |
| Market Maker | Citadel |
| Total Expense | 0.4 |
| Management Fee | 0.4 |
| Country Name | USA |
| Returns Y T D | (0.5) |
| Name | iShares Global Materials ETF |
| Currency Code | USD |
| Open Figi | BBG000G81ZY8 |
| In Threey Volatility | 22.2 |
| 1y Volatility | 20.75 |
| 200 Day M A | 82.8253 |
| 50 Day M A | 87.1718 |
| Code | MXI |
| Updated At | 2nd of May 2024 |
| Currency Name | US Dollar |
iShares Global Materials [MXI] is traded in USA and was established 2006-09-12. The fund is classified under Natural Resources category within iShares family. The entity is thematically classified as Sector ETFs. iShares Global Materials now have 261.17 M in assets. , while the total return for the last 3 years was 1.9%.
Check IShares Global Probability Of Bankruptcy
Geographic Allocation (%)
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 Global Materials 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.
iShares Global Materials Currency Exposure
iShares Global Materials holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of IShares Global will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in iShares Global Materials.
Top iShares Global Materials Etf Constituents
| DOW | Dow Inc | Stock | Materials |
| APD | Air Products and | Stock | Materials |
| ECL | Ecolab Inc | Stock | Materials |
| NEM | Newmont Goldcorp Corp | Stock | Materials |
| SHECF | Shin Etsu Chemical Co | Pink Sheet | Chemicals |
| SHW | Sherwin Williams Co | Stock | Materials |
| DD | Dupont De Nemours | Stock | Materials |
IShares Global Target Price Odds Analysis
Coming from a normal probability distribution, the odds of IShares Global jumping above the current price in 90 days from now is about 37.82%. The iShares Global Materials probability density function shows the probability of IShares Global etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon iShares Global Materials has a beta of -0.1452. This indicates as returns on the benchmark increase, returns on holding IShares Global are expected to decrease at a much lower rate. During a bear market, however, iShares Global Materials is likely to outperform the market. Additionally, iShares Global Materials has an alpha of 0.0666, implying that it can generate a 0.0666 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of IShares Global to move above the current price in 90 days from now is about 37.82 (This iShares Global Materials probability density function shows the probability of IShares Etf to fall within a particular range of prices over 90 days) .
IShares Global Top Holders
| GMOM | Cambria Global Momentum | Etf | Tactical Allocation |
| DALT | Anfield Capital Diversified | Etf | Multistrategy |
| LCAIX | Lazard Capital Allocator | Mutual Fund | Tactical Allocation |
| LCAOX | Lazard Capital Allocator | Mutual Fund | Tactical Allocation |
iShares Global Materials Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. IShares Global market risk premium is the additional return an investor will receive from holding IShares Global 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 Global. 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 Global's alpha and beta are two of the key measurements used to evaluate IShares Global's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0539 | |||
| Jensen Alpha | 0.0666 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0147 |
IShares Global Against Markets
Picking the right benchmark for IShares Global 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 Global 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 Global is critical whether you are bullish or bearish towards iShares Global Materials at a given time. Please also check how IShares Global's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in IShares Global without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
Run Portfolio Suggestion Now
Portfolio SuggestionGet suggestions outside of your existing asset allocation including your own model portfolios |
| All Next | Launch Module |
How to buy IShares Etf?
Before investing in IShares Global, 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 Global. To buy IShares Global etf, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of IShares Global. 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 Global etf. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located iShares Global Materials 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 Global Materials 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 Global Materials, 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 Global guide.
Already Invested in iShares Global Materials?
The danger of trading iShares Global Materials 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 Global 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 Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iShares Global Materials 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 Global Materials offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ishares Global Materials Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Global Materials Etf: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in iShares Global Materials. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
The market value of iShares Global Materials 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 Global's value that differs from its market value or its book value, called intrinsic value, which is IShares Global'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 Global's market value can be influenced by many factors that don't directly affect IShares Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Global'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.