US Discretionary Etf Profile


USD 38.71  0.26  0.67%   

Market Performance
2 of 100
Odds Of Distress
Less than 49
US Discretionary is trading at 38.71 as of the 29th of November 2022. This is a -0.67 percent decrease since the beginning of the trading day. The etf's open price was 38.97. US Discretionary has 49 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for US Discretionary Spending are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2020 and ending today, the 29th of November 2022. Click here to learn more.
The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. US Discretionary is traded on BATS Exchange in the United States.. More on US Discretionary Spending

Moving together with US Discretionary

+0.64XLYSP 500 ConsPairCorr
+0.73VCRConsumer Disc ETFPairCorr
+0.79ITBUS Home ConstructionPairCorr
+0.73FDISFidelity Consumer DiscPairCorr

US Discretionary Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. US Discretionary's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding US Discretionary or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
The fund retains 99.23% of its assets under management (AUM) in equities
Thematic IdeaConsumer (view all)
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of US Discretionary's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyFairly Valued
Inception Date2018-03-21
BenchmarkNot Applicable
Entity TypeRegulated Investment Company
Asset Under Management12.66 Million
Average Trading Valume5,012.7
Asset TypeEquity
FocusConsumer Discretionary
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorState Street Bank and Trust Company
AdvisorBlackRock Fund Advisors
CustodianState Street Bank and Trust Company
DistributorBlackRock Investments, LLC
Portfolio ManagerTravis Cooke, Jeff Shen
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-May
ExchangeCboe BZX Exchange, Inc.
Number of Constituents220
Market MakerLatour Trading
Total Expense0.18
Management Fee0.18
Nav Price37.37
Two Hundred Day Average39.12
Average Daily Volume In Three Month3.47k
Fifty Two Week Low33.93
As Of Date25th of October 2022
Average Daily Volume Last 10 Day1.55k
Fifty Two Week High48.56
One Month5.83%
Fifty Day Average36.76
Three Month-0.60%
Beta In Three Year1.06
US Discretionary Spending [IEDI] is traded in USA and was established 2018-03-21. The fund is listed under Consumer Cyclical category and is part of iShares family. The entity is thematically classified as Consumer. US Discretionary Spending currently have 15.71 M in assets under management (AUM). , while the total return for the last 3 years was 8.72%.
Check US Discretionary Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation (%)

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on US Discretionary Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding US Discretionary Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as US Discretionary Spending Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top US Discretionary Spending Constituents

US Discretionary Target Price Odds Analysis

In reference to a normal probability distribution, the odds of US Discretionary jumping above the current price in 90 days from now is about 14.0%. The US Discretionary Spending probability density function shows the probability of US Discretionary etf to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the etf has a beta coefficient of 1.1295. This usually indicates US Discretionary Spending market returns are reactive to returns on the market. As the market goes up or down, US Discretionary is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. US Discretionary Spending is significantly underperforming DOW.
  Odds Below 38.71HorizonTargetOdds Above 38.71
85.82%90 days
Based on a normal probability distribution, the odds of US Discretionary to move above the current price in 90 days from now is about 14.0 (This US Discretionary Spending probability density function shows the probability of US Discretionary Etf to fall within a particular range of prices over 90 days) .

US Discretionary Major Institutional Holders

Institutional Holdings refers to the ownership stake in US Discretionary that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of US Discretionary's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing US Discretionary's value.
InstituionSecurity TypeTotal SharesValue
Woodley Farra Manion Portfolio Management IncFund Units170K
View US Discretionary Diagnostics

US Discretionary Spending Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. US Discretionary market risk premium is the additional return an investor will receive from holding US Discretionary long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in US Discretionary. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although US Discretionary's alpha and beta are two of the key measurements used to evaluate US Discretionary's performance over the market, the standard measures of volatility play an important role as well.

US Discretionary Against Markets

Picking the right benchmark for US Discretionary etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in US Discretionary etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for US Discretionary is critical whether you are bullish or bearish towards US Discretionary Spending at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in US Discretionary without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in US Discretionary Spending?

The danger of trading US Discretionary Spending is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of US Discretionary is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than US Discretionary. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile US Discretionary Spending is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please see Risk vs Return Analysis. Note that the US Discretionary Spending information on this page should be used as a complementary analysis to other US Discretionary's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for US Discretionary Etf analysis

When running US Discretionary Spending price analysis, check to measure US Discretionary's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy US Discretionary is operating at the current time. Most of US Discretionary's value examination focuses on studying past and present price action to predict the probability of US Discretionary's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move US Discretionary's price. Additionally, you may evaluate how the addition of US Discretionary to your portfolios can decrease your overall portfolio volatility.
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The market value of US Discretionary Spending is measured differently than its book value, which is the value of US Discretionary that is recorded on the company's balance sheet. Investors also form their own opinion of US Discretionary's value that differs from its market value or its book value, called intrinsic value, which is US Discretionary'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 US Discretionary's market value can be influenced by many factors that don't directly affect US Discretionary'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 US Discretionary's value and its price as these two are different measures arrived at by different means. Investors typically determine US Discretionary value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, US Discretionary'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.