Ishares Nasdaq 100 Etf Market Value
| XQQ Etf | CAD 132.03 0.84 0.63% |
| Symbol | IShares |
IShares NASDAQ '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 NASDAQ'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 NASDAQ.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in IShares NASDAQ on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding iShares NASDAQ 100 or generate 0.0% return on investment in IShares NASDAQ over 30 days. IShares NASDAQ is related to or competes with IShares SPTSX, and IShares Core. The investment seeks to replicate, net of expenses, the NASDAQ 100 Currency Hedged CAD index More
IShares NASDAQ 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 NASDAQ'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 NASDAQ 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9789 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 4.84 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.64 |
IShares NASDAQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares NASDAQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares NASDAQ's standard deviation. In reality, there are many statistical measures that can use IShares NASDAQ historical prices to predict the future IShares NASDAQ's volatility.| Risk Adjusted Performance | 0.0361 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0381 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares NASDAQ'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 NASDAQ 100 Backtested Returns
We consider IShares NASDAQ very steady. iShares NASDAQ 100 holds Efficiency (Sharpe) Ratio of 0.0088, which attests that the entity had a 0.0088% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares NASDAQ 100, which you can use to evaluate the volatility of the entity. Please check out IShares NASDAQ's Market Risk Adjusted Performance of 0.0481, risk adjusted performance of 0.0361, and Downside Deviation of 0.9789 to validate if the risk estimate we provide is consistent with the expected return of 0.0089%. The etf retains a Market Volatility (i.e., Beta) of 1.15, which attests to a somewhat significant risk relative to the market. IShares NASDAQ returns are very sensitive to returns on the market. As the market goes up or down, IShares NASDAQ is expected to follow.
Auto-correlation | 0.77 |
Good predictability
iShares NASDAQ 100 has good predictability. Overlapping area represents the amount of predictability between IShares NASDAQ time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 NASDAQ 100 price movement. The serial correlation of 0.77 indicates that around 77.0% of current IShares NASDAQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.67 | |
| Residual Average | 0.0 | |
| Price Variance | 4.59 |
iShares NASDAQ 100 lagged returns against current returns
Autocorrelation, which is IShares NASDAQ 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 NASDAQ's etf expected returns. We can calculate the autocorrelation of IShares NASDAQ returns to help us make a trade decision. For example, suppose you find that IShares NASDAQ 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 NASDAQ 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 NASDAQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares NASDAQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares NASDAQ etf over time.
Current vs Lagged Prices |
| Timeline |
IShares NASDAQ Lagged Returns
When evaluating IShares NASDAQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares NASDAQ etf have on its future price. IShares NASDAQ 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 NASDAQ autocorrelation shows the relationship between IShares NASDAQ etf current value and its past values and can show if there is a momentum factor associated with investing in iShares NASDAQ 100.
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 NASDAQ 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 NASDAQ's short interest history, or implied volatility extrapolated from IShares NASDAQ options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out IShares NASDAQ Correlation, IShares NASDAQ Volatility and IShares NASDAQ Alpha and Beta module to complement your research on IShares NASDAQ. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
IShares NASDAQ 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.