Ishares Aerospace Defense Etf Market Value
| ITA Etf | USD 186.94 2.21 1.20% |
| 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.
| 04/04/2025 |
| 07/03/2025 |
If you would invest 0.00 in IShares Aerospace on April 4, 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 First Trust, Ultimus Managers, Horizon Kinetics, Harbor Health, American Beacon, First Trust, and Direxion Daily. 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 | 2.36 | |||
| Information Ratio | 0.0979 | |||
| Maximum Drawdown | 11.12 | |||
| Value At Risk | (1.92) | |||
| Potential Upside | 2.13 |
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 | 0.2592 | |||
| Jensen Alpha | 0.1902 | |||
| Total Risk Alpha | 0.1695 | |||
| Sortino Ratio | 0.0796 | |||
| Treynor Ratio | 0.2993 |
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 0.34, which attests that the entity had a 0.34 % return per unit of risk over the last 3 months. By evaluating IShares Aerospace's technical indicators, you can evaluate if the expected return of 0.52% is justified by implied risk. Please utilize IShares Aerospace's Downside Deviation of 2.36, market risk adjusted performance of 0.3093, and Risk Adjusted Performance of 0.2592 to validate if our risk estimates are consistent with your expectations. The etf retains a Market Volatility (i.e., Beta) of 0.98, which attests to possible diversification benefits within a given portfolio. IShares Aerospace returns are very sensitive to returns on the market. As the market goes up or down, IShares Aerospace is expected to follow.
Auto-correlation | 0.83 |
Very good predictability
iShares Aerospace Defense has very good predictability. Overlapping area represents the amount of predictability between IShares Aerospace time series from 4th of April 2025 to 19th of May 2025 and 19th of May 2025 to 3rd 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 0.83 indicates that around 83.0% of current IShares Aerospace price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.83 | |
| Spearman Rank Test | 0.83 | |
| Residual Average | 0.0 | |
| Price Variance | 20.95 |
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 |
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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 Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.