Ishares Aerospace Defense Etf Market Value
| ITA Etf | USD 196.84 0.05 0.03% |
| Symbol | IShares |
The market value of iShares Aerospace Defense 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 Aerospace's value that differs from its market value or its book value, called intrinsic value, which is IShares Aerospace'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 Aerospace's market value can be influenced by many factors that don't directly affect IShares Aerospace'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 Aerospace's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Aerospace is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Aerospace'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 Aerospace '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 Aerospace'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 Aerospace.
| 04/26/2025 |
| 07/25/2025 |
If you would invest 0.00 in IShares Aerospace on April 26, 2025 and sell it all today you would earn a total of 0.00 from holding iShares Aerospace Defense or generate 0.0% return on investment in IShares Aerospace over 90 days. IShares Aerospace is related to or competes with SPDR SP, Invesco Aerospace, IShares Medical, IShares Expanded, and IShares Home. The index measures the performance of the aerospace and defense sector of the U.S More
IShares Aerospace 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 Aerospace'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 Aerospace Defense upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9281 | |||
| Information Ratio | 0.1502 | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 2.03 |
IShares Aerospace Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IShares Aerospace's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IShares Aerospace's standard deviation. In reality, there are many statistical measures that can use IShares Aerospace historical prices to predict the future IShares Aerospace's volatility.| Risk Adjusted Performance | 0.3399 | |||
| Jensen Alpha | 0.3655 | |||
| Total Risk Alpha | 0.1103 | |||
| Sortino Ratio | 0.1529 | |||
| Treynor Ratio | 9.53 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IShares Aerospace'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 Aerospace Defense Backtested Returns
IShares Aerospace appears to be very steady, given 3 months investment horizon. iShares Aerospace Defense holds Efficiency (Sharpe) Ratio of 0.41, which attests that the entity had a 0.41 % return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares Aerospace Defense, which you can use to evaluate the volatility of the entity. Please utilize IShares Aerospace's Risk Adjusted Performance of 0.3399, downside deviation of 0.9281, and Market Risk Adjusted Performance of 9.54 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.0393, which attests to not very significant fluctuations relative to the market. As returns on the market increase, IShares Aerospace's returns are expected to increase less than the market. However, during the bear market, the loss of holding IShares Aerospace is expected to be smaller as well.
Auto-correlation | 0.94 |
Excellent predictability
iShares Aerospace Defense has excellent predictability. Overlapping area represents the amount of predictability between IShares Aerospace time series from 26th of April 2025 to 10th of June 2025 and 10th of June 2025 to 25th of July 2025. 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 Aerospace Defense price movement. The serial correlation of 0.94 indicates that approximately 94.0% of current IShares Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.94 | |
| Spearman Rank Test | 0.94 | |
| Residual Average | 0.0 | |
| Price Variance | 36.03 |
iShares Aerospace Defense lagged returns against current returns
Autocorrelation, which is IShares Aerospace 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 Aerospace's etf expected returns. We can calculate the autocorrelation of IShares Aerospace returns to help us make a trade decision. For example, suppose you find that IShares Aerospace 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 Aerospace 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 Aerospace etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IShares Aerospace etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IShares Aerospace etf over time.
Current vs Lagged Prices |
| Timeline |
IShares Aerospace Lagged Returns
When evaluating IShares Aerospace's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IShares Aerospace etf have on its future price. IShares Aerospace 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 Aerospace autocorrelation shows the relationship between IShares Aerospace etf current value and its past values and can show if there is a momentum factor associated with investing in iShares Aerospace Defense.
Regressed Prices |
| Timeline |
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.When determining whether iShares Aerospace Defense offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IShares Aerospace'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 Aerospace Defense Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Ishares Aerospace Defense Etf:Check out IShares Aerospace Correlation, IShares Aerospace Volatility and IShares Aerospace Alpha and Beta module to complement your research on IShares Aerospace. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
IShares Aerospace 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.