US Medical Etf Profile

IHI
 Etf
  

USD 51.40  0.04  0.08%   

Market Performance
0 of 100
Odds Of Distress
Less than 20
US Medical is trading at 51.40 as of the 6th of July 2022. This is a 0.08 percent increase since the beginning of the trading day. The etf's open price was 51.36. US Medical has about a 20 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for US Medical Devices are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 12th of April 2021 and ending today, the 6th of July 2022. Click here to learn more.
The fund will invest at least 80 percent of its assets in the component securities of the index and in investments that are substantially identical to the component securities of the index and may invest up to 20 percent of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the index, but which BFA believes will help the fund track the index. More on US Medical Devices

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US Medical 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. If you consider yourself one of those investors, make sure you clearly understand your entering position. US Medical's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding US Medical or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
US Medical Devices generated a negative expected return over the last 90 days
The fund retains 99.84% of its assets under management (AUM) in equities
New SymbolIHI1
ChairmanGeorge Parker
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 Medical's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
IssueriShares
DescriptioniShares U.S. Medical Devices ETF
Inception Date2006-05-01
BenchmarkDow Jones US Select Medical Devices Index
Entity TypeRegulated Investment Company
Asset Under Management6.52 Billion
Average Trading Valume1.1 Million
Asset TypeEquity
CategorySector
FocusHealth Care
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorState Street Bank and Trust Company
AdvisorBlackRock Fund Advisors
CustodianState Street Bank and Trust Company
DistributorBlackRock Investments, LLC
Portfolio ManagerDiane Hsiung, Jennifer Hsui, Greg Savage, Alan Mason
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Dec
ExchangeNYSE Arca, Inc.
Number of Constituents70.0
Market MakerLatour Trading
Total Expense0.41
Management Fee0.41
Nav Price52.8
Two Hundred Day Average59.69
Ytd-22.82%
Average Daily Volume In Three Month1.37M
Fifty Two Week Low47.24
As Of Date11th of May 2022
Average Daily Volume Last 10 Day1.07M
Fifty Two Week High67.29
One Month-15.94%
Fifty Day Average52.81
Three Month-14.13%
US Medical Devices [IHI] is traded in USA and was established 2006-05-01. The fund is classified under Health category within iShares family. US Medical Devices currently have 7.41 B in assets under management (AUM). , while the total return for the last 3 years was 11.38%.
Check US Medical 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 Medical 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 Medical 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 Medical Devices 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 Medical Devices Constituents

US Medical Target Price Odds Analysis

What are US Medical's target price odds to finish over the current price? In reference to a normal probability distribution, the odds of US Medical jumping above the current price in 90 days from now is about 77.64%. The US Medical Devices probability density function shows the probability of US Medical etf to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the etf has a beta coefficient of 1.1291. This usually indicates US Medical Devices market returns are reactive to returns on the market. As the market goes up or down, US Medical is expected to follow. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. US Medical Devices is significantly underperforming DOW.
  Odds Below 51.4HorizonTargetOdds Above 51.4
22.23%90 days
 51.40 
77.64%
Based on a normal probability distribution, the odds of US Medical to move above the current price in 90 days from now is about 77.64 (This US Medical Devices probability density function shows the probability of US Medical Etf to fall within a particular range of prices over 90 days) .

US Medical Top Holders

US Medical Devices Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. US Medical market risk premium is the additional return an investor will receive from holding US Medical 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 Medical. 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 Medical's alpha and beta are two of the key measurements used to evaluate US Medical's performance over the market, the standard measures of volatility play an important role as well.

US Medical Devices Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. US Medical Devices Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe US Medical price patterns.
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US Medical Against Markets

Picking the right benchmark for US Medical 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 Medical 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 Medical is critical whether you are bullish or bearish towards US Medical Devices at a given time.

Similar Equity Warning - IHI

US Medical Devices was forked

The entity US Medical Devices with a symbol IHI was recently forked. You can potentially use INFORMATION HOLDINGS INC with a symbol IHI1 from now on.

Investing US Medical Devices

You need to understand the risk of investing before taking a position in US Medical. The danger of trading US Medical Devices 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 Medical 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 Medical. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile US Medical Devices 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 Medical Devices information on this page should be used as a complementary analysis to other US Medical'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for US Medical Etf analysis

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