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IAK
ETF ticker: NYSE ARCA
AS OF
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Net Assets
405.12M

IAK iShares US Insurance ETF Forecast, Technical & Fundamental Analysis

Category Financial
Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for IAK with price predictions
07:00 PM EST Dec 06, 2023

IAK in downward trend: price expected to drop as it breaks its higher Bollinger Band on November 21, 2023

IAK broke above its upper Bollinger Band on November 21, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 38 similar instances where the stock broke above the upper band. In of the 38 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for IAK moved out of overbought territory on December 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 72 cases where IAK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for IAK turned negative on December 07, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IAK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 02, 2023. You may want to consider a long position or call options on IAK as a result. In of 98 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IAK advanced for three days, in of 355 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 334 cases where IAK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are MetLife (NASDAQ:MET), American International Group (NASDAQ:AIG), Prudential Financial (NASDAQ:PRU), Lincoln National Corp (NASDAQ:LNC), Genworth Financial (NASDAQ:GNW).

Industry description

The investment seeks to track the investment results of the Dow Jones U.S. Select Insurance Index composed of U.S. equities in the insurance sector. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents as well as in securities not included in the underlying index, but which BFA believes will help the fund track the index. The fund is non-diversified.

Market Cap

The average market capitalization across the iShares US Insurance ETF ETF is 18.73B. The market cap for tickers in the group ranges from 352.31M to 96.18B. PGR holds the highest valuation in this group at 96.18B. The lowest valued company is JRVR at 352.31M.

High and low price notable news

The average weekly price growth across all stocks in the iShares US Insurance ETF ETF was -1%. For the same ETF, the average monthly price growth was 4%, and the average quarterly price growth was 15%. STC experienced the highest price growth at 13%, while ACGL experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the iShares US Insurance ETF ETF was -84%. For the same stocks of the ETF, the average monthly volume growth was -70% and the average quarterly volume growth was -68%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 61
P/E Growth Rating: 52
Price Growth Rating: 41
SMR Rating: 87
Profit Risk Rating: 49
Seasonality Score: 27 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Financial

Profile
Fundamentals
Details
Category
Financial
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com
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IAK and

Correlation & Price change

A.I.dvisor indicates that over the last year, IAK has been closely correlated with FXO. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if IAK jumps, then FXO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IAK
1D Price
Change %
IAK100%
-0.13%
FXO - IAK
87%
Closely correlated
+0.86%
IYF - IAK
81%
Closely correlated
+0.38%
XLF - IAK
81%
Closely correlated
+0.45%
KBE - IAK
80%
Closely correlated
+1.74%
VFH - IAK
79%
Closely correlated
+0.49%
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