IShares NASDAQ (Netherlands) Market Value
| CNDX Etf | EUR 945.50 17.30 1.86% |
| 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.
| 04/06/2024 |
| 05/06/2024 |
If you would invest 0.00 in IShares NASDAQ on April 6, 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 III, IShares Core, IShares France, IShares Core, and IShares STOXX. The investment objective of the Fund is to deliver the net total return performance of the Reference Index , less the fe... 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 | 1.03 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.93 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 2.14 |
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 | 0.0296 | |||
| Jensen Alpha | 0.0766 | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.06) |
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 0.0292, which attests that the entity had a 0.0292% return per unit of risk over the last 3 months. We have found thirty technical indicators for iShares NASDAQ 100, which you can use to evaluate the volatility of the entity. Please check out IShares NASDAQ's Downside Deviation of 1.03, risk adjusted performance of 0.0296, and Market Risk Adjusted Performance of (0.05) to validate if the risk estimate we provide is consistent with the expected return of 0.0307%. The etf retains a Market Volatility (i.e., Beta) of -0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IShares NASDAQ are expected to decrease at a much lower rate. During the bear market, IShares NASDAQ is likely to outperform the market.
Auto-correlation | -0.18 |
Insignificant reverse predictability
iShares NASDAQ 100 has insignificant reverse predictability. Overlapping area represents the amount of predictability between IShares NASDAQ time series from 6th of April 2024 to 21st of April 2024 and 21st of April 2024 to 6th of May 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 -0.18 indicates that over 18.0% of current IShares NASDAQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 121.75 |
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 |
Pair Trading with IShares NASDAQ
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 NASDAQ 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 NASDAQ will appreciate offsetting losses from the drop in the long position's value.Moving together with IShares Etf
| 0.82 | VUSA | Vanguard SP 500 | PairCorr |
| 0.69 | DIA | SPDR Dow Jones | PairCorr |
| 0.82 | IUSA | iShares SP 500 | PairCorr |
| 0.77 | VWRL | Vanguard FTSE All | PairCorr |
The ability to find closely correlated positions to IShares NASDAQ 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 NASDAQ 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 NASDAQ - 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 NASDAQ 100 to buy it.
The correlation of IShares NASDAQ 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 NASDAQ moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares NASDAQ 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 NASDAQ 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 NASDAQ Correlation, IShares NASDAQ Volatility and IShares NASDAQ Alpha and Beta module to complement your research on IShares NASDAQ. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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.