Ishares Global Tech Etf Market Value

IXN Etf  USD 74.95  0.16  0.21%   
IShares Global's market value is the price at which a share of IShares Global trades on a public exchange. It measures the collective expectations of IShares Global Tech investors about its performance. IShares Global is selling at 74.95 as of the 28th of March 2024; that is 0.21% increase since the beginning of the trading day. The etf's open price was 74.79.
With this module, you can estimate the performance of a buy and hold strategy of IShares Global Tech and determine expected loss or profit from investing in IShares Global over a given investment horizon. Check out IShares Global Correlation, IShares Global Volatility and IShares Global Alpha and Beta module to complement your research on IShares Global.
Symbol

The market value of IShares Global Tech 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.

IShares Global '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 Global'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 Global.
0.00
09/30/2023
No Change 0.00  0.0 
In 5 months and 30 days
03/28/2024
0.00
If you would invest  0.00  in IShares Global on September 30, 2023 and sell it all today you would earn a total of 0.00 from holding IShares Global Tech or generate 0.0% return on investment in IShares Global over 180 days. IShares Global is related to or competes with IShares Exponential, EMQQ Emerging, Fidelity MSCI, First Trust, IShares Expanded, IShares US, and McCormick Company. The index measures the performance of all members of the SP Global 1200 that are classified within the GICS information ... More

IShares Global 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 Global'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 Global Tech upside and downside potential and time the market with a certain degree of confidence.

IShares Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Global's standard deviation. In reality, there are many statistical measures that can use IShares Global historical prices to predict the future IShares Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Global'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.
Hype
Prediction
LowEstimatedHigh
73.7274.9076.08
Details
Intrinsic
Valuation
LowRealHigh
68.5269.7082.45
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as IShares Global. Your research has to be compared to or analyzed against IShares Global's peers to derive any actionable benefits. When done correctly, IShares Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in IShares Global Tech.

IShares Global Tech Backtested Returns

We consider IShares Global very steady. IShares Global Tech holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for IShares Global Tech, which you can use to evaluate the volatility of the entity. Please check out IShares Global's Market Risk Adjusted Performance of 0.1272, downside deviation of 1.12, and Risk Adjusted Performance of 0.0824 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The etf retains a Market Volatility (i.e., Beta) of 1.26, 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 Global will likely underperform.

Auto-correlation

    
  0.77  

Good predictability

IShares Global Tech has good predictability. Overlapping area represents the amount of predictability between IShares Global time series from 30th of September 2023 to 29th of December 2023 and 29th of December 2023 to 28th of March 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 Global Tech price movement. The serial correlation of 0.77 indicates that around 77.0% of current IShares Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.77
Spearman Rank Test0.84
Residual Average0.0
Price Variance8.27

IShares Global Tech lagged returns against current returns

Autocorrelation, which is IShares Global 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 Global's etf expected returns. We can calculate the autocorrelation of IShares Global returns to help us make a trade decision. For example, suppose you find that IShares Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Global etf over time.
   Current vs Lagged Prices   
       Timeline  

IShares Global Lagged Returns

When evaluating IShares Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Global etf have on its future price. IShares Global 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 Global autocorrelation shows the relationship between IShares Global etf current value and its past values and can show if there is a momentum factor associated with investing in IShares Global Tech.
   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 Global 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 Global's short interest history, or implied volatility extrapolated from IShares Global options trading.

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When determining whether IShares Global Tech 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 Tech Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Global Tech Etf:
Check out IShares Global Correlation, IShares Global Volatility and IShares Global Alpha and Beta module to complement your research on IShares Global.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running IShares Global's price analysis, check to measure IShares Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IShares Global is operating at the current time. Most of IShares Global's value examination focuses on studying past and present price action to predict the probability of IShares Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IShares Global's price. Additionally, you may evaluate how the addition of IShares Global to your portfolios can decrease your overall portfolio volatility.
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A focus of IShares Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of IShares Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...