Ishares Infrastructure Etf Market Value
| IFRA Etf | USD 42.33 0.39 0.93% |
| Symbol | IShares |
The market value of iShares Infrastructure 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 Infrastructure's value that differs from its market value or its book value, called intrinsic value, which is IShares Infrastructure'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 Infrastructure's market value can be influenced by many factors that don't directly affect IShares Infrastructure'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 Infrastructure's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Infrastructure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Infrastructure'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 Infrastructure '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 Infrastructure'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 Infrastructure.
| 02/23/2024 |
| 04/23/2024 |
If you would invest 0.00 in IShares Infrastructure on February 23, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Infrastructure ETF or generate 0.0% return on investment in IShares Infrastructure over 60 days. IShares Infrastructure is related to or competes with SCOR PK, and SPACE. The fund will invest at least 80 percent of its assets in the component securities of the index and in investments that ... More
IShares Infrastructure 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 Infrastructure'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 Infrastructure ETF upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0629 | |||
| Maximum Drawdown | 5.09 | |||
| Value At Risk | (1.58) | |||
| Potential Upside | 1.69 |
IShares Infrastructure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Infrastructure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Infrastructure's standard deviation. In reality, there are many statistical measures that can use IShares Infrastructure historical prices to predict the future IShares Infrastructure's volatility.| Risk Adjusted Performance | 0.0967 | |||
| Jensen Alpha | 0.0334 | |||
| Total Risk Alpha | 0.0124 | |||
| Sortino Ratio | 0.0551 | |||
| Treynor Ratio | 0.1033 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Infrastructure'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 Infrastructure Backtested Returns
We consider IShares Infrastructure very steady. iShares Infrastructure holds Efficiency (Sharpe) Ratio of 0.17, which attests that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Infrastructure, which you can use to evaluate the volatility of the entity. Please check out IShares Infrastructure's Downside Deviation of 1.16, risk adjusted performance of 0.0967, and Market Risk Adjusted Performance of 0.1133 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The etf retains a Market Volatility (i.e., Beta) of 1.38, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, IShares Infrastructure will likely underperform.
Auto-correlation | -0.32 |
Poor reverse predictability
iShares Infrastructure ETF has poor reverse predictability. Overlapping area represents the amount of predictability between IShares Infrastructure time series from 23rd of February 2024 to 24th of March 2024 and 24th of March 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 Infrastructure price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current IShares Infrastructure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
iShares Infrastructure lagged returns against current returns
Autocorrelation, which is IShares Infrastructure 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 Infrastructure's etf expected returns. We can calculate the autocorrelation of IShares Infrastructure returns to help us make a trade decision. For example, suppose you find that IShares Infrastructure 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 Infrastructure 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 Infrastructure etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Infrastructure etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Infrastructure etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Infrastructure Lagged Returns
When evaluating IShares Infrastructure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Infrastructure etf have on its future price. IShares Infrastructure 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 Infrastructure autocorrelation shows the relationship between IShares Infrastructure etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Infrastructure 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 Infrastructure 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 Infrastructure's short interest history, or implied volatility extrapolated from IShares Infrastructure options trading.
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IShares Infrastructure 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.