Ishares Global 100 Etf Market Value
| IOO Etf | USD 100.32 0.07 0.07% |
| Symbol | IShares |
The market value of iShares Global 100 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.
| 10/15/2024 |
| 11/14/2024 |
If you would invest 0.00 in IShares Global on October 15, 2024 and sell it all today you would earn a total of 0.00 from holding iShares Global 100 or generate 0.0% return on investment in IShares Global over 30 days. IShares Global is related to or competes with Vanguard Total, IShares MSCI, and SPDR Portfolio. The fund generally invests at least 80 percent of its assets in the component securities of its underlying index and in ... 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 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 4.41 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 1.57 |
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.| Risk Adjusted Performance | 0.0835 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.1026 |
iShares Global 100 Backtested Returns
As of now, IShares Etf is very steady. iShares Global 100 holds Efficiency (Sharpe) Ratio of 0.0646, which attests that the entity had a 0.0646% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for iShares Global 100, which you can use to evaluate the volatility of the entity. Please check out IShares Global's Downside Deviation of 1.01, risk adjusted performance of 0.0835, and Market Risk Adjusted Performance of 0.1126 to validate if the risk estimate we provide is consistent with the expected return of 0.0571%. The etf retains a Market Volatility (i.e., Beta) of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, IShares Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Global is expected to be smaller as well.
Auto-correlation | -0.36 |
Poor reverse predictability
iShares Global 100 has poor reverse predictability. Overlapping area represents the amount of predictability between IShares Global time series from 15th of October 2024 to 30th of October 2024 and 30th of October 2024 to 14th of November 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 100 price movement. The serial correlation of -0.36 indicates that just about 36.0% of current IShares Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 1.7 |
iShares Global 100 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 100.
Regressed Prices |
| Timeline |
Pair Trading with IShares Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if IShares Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in IShares Global will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.93 | VT | Vanguard Total World | PairCorr |
| 0.94 | ACWI | iShares MSCI ACWI | PairCorr |
| 0.62 | ACWV | iShares MSCI Global | PairCorr |
| 0.94 | URTH | iShares MSCI World | PairCorr |
Moving against IShares Etf
| 0.55 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
The ability to find closely correlated positions to IShares Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IShares Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back IShares Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling iShares Global 100 to buy it.
The correlation of IShares Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares Global 100 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for IShares Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
IShares Global 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.