Ishares Currency Hedged Etf Market Value
| HSCZ Etf | USD 30.77 0.24 0.77% |
| Symbol | IShares |
The market value of iShares Currency Hedged 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 Currency's value that differs from its market value or its book value, called intrinsic value, which is IShares Currency'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 Currency's market value can be influenced by many factors that don't directly affect IShares Currency'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 Currency's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Currency is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Currency'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 Currency '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 Currency'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 Currency.
| 02/26/2024 |
| 04/26/2024 |
If you would invest 0.00 in IShares Currency on February 26, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Currency Hedged or generate 0.0% return on investment in IShares Currency over 60 days. IShares Currency is related to or competes with IShares Currency, IShares MSCI, and IShares Currency. The fund generally will invest at least 80 percent of its assets in the component securities and other instruments of th... More
IShares Currency 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 Currency'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 Currency Hedged upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5211 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 2.27 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.958 |
IShares Currency Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Currency's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Currency's standard deviation. In reality, there are many statistical measures that can use IShares Currency historical prices to predict the future IShares Currency's volatility.| Risk Adjusted Performance | 0.0725 | |||
| Jensen Alpha | 0.0062 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0895 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Currency'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 Currency Hedged Backtested Returns
We consider IShares Currency very steady. iShares Currency Hedged holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Currency Hedged, which you can use to evaluate the volatility of the entity. Please check out IShares Currency's Market Risk Adjusted Performance of 0.0995, downside deviation of 0.5211, and Risk Adjusted Performance of 0.0725 to validate if the risk estimate we provide is consistent with the expected return of 0.0635%. The etf retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Currency's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Currency is expected to be smaller as well.
Auto-correlation | -0.6 |
Good reverse predictability
iShares Currency Hedged has good reverse predictability. Overlapping area represents the amount of predictability between IShares Currency time series from 26th of February 2024 to 27th of March 2024 and 27th of March 2024 to 26th 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 Currency Hedged price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current IShares Currency price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
iShares Currency Hedged lagged returns against current returns
Autocorrelation, which is IShares Currency 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 Currency's etf expected returns. We can calculate the autocorrelation of IShares Currency returns to help us make a trade decision. For example, suppose you find that IShares Currency 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 Currency 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 Currency etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Currency etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Currency etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Currency Lagged Returns
When evaluating IShares Currency's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Currency etf have on its future price. IShares Currency 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 Currency autocorrelation shows the relationship between IShares Currency etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Currency Hedged.
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 Currency 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 Currency's short interest history, or implied volatility extrapolated from IShares Currency options trading.
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Try AI Portfolio ArchitectCheck out IShares Currency Correlation, IShares Currency Volatility and IShares Currency Alpha and Beta module to complement your research on IShares Currency. Note that the iShares Currency Hedged information on this page should be used as a complementary analysis to other IShares Currency'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 Currency 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.