Wahed Dow Jones Etf Profile
| UMMA Etf | USD 23.81 0.20 0.83% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Wahed Dow is trading at 23.81 as of the 21st of November 2024, a 0.83 percent decrease since the beginning of the trading day. The etf's open price was 24.01. Wahed Dow has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Wahed Dow Jones are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
The fund is an actively-managed exchange-traded fund that seeks to invests in equity securities of global companies the characteristics of which meet the requirements of Shariah and are consistent with Islamic principles as interpreted by subject-matter experts . More on Wahed Dow Jones
Moving together with Wahed Etf
| 0.84 | EFG | iShares MSCI EAFE | PairCorr |
| 0.78 | VIGI | Vanguard International | PairCorr |
| 0.91 | IHDG | WisdomTree International | PairCorr |
| 0.9 | IMTM | iShares MSCI Intl | PairCorr |
| 0.97 | CGXU | Capital Group Intern | PairCorr |
| 0.85 | DNL | WisdomTree Global | PairCorr |
Moving against Wahed Etf
Wahed Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Foreign Large Growth, Wahed Invest (View all Sectors) |
| Issuer | Wahed Invest |
| Inception Date | 2022-01-07 |
| Benchmark | Dow Jones Islamic Market International Titans 100 Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 111.53 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global ex-U.S. |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Wahed Invest LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Quasar Distributors, LLC |
| Portfolio Manager | Samim Abedi |
| Transfer Agent | U.S. Bancorp Fund Services, LLC |
| Fiscal Year End | 31-May |
| Exchange | NASDAQ |
| Number of Constituents | 97.0 |
| Market Maker | Susquehanna |
| Total Expense | 0.65 |
| Management Fee | 0.65 |
| Country Name | USA |
| Returns Y T D | 6.27 |
| Name | Wahed Dow Jones Islamic World ETF |
| Currency Code | USD |
| Open Figi | BBG014FFM4C4 |
| 1y Volatility | 14.69 |
| 200 Day M A | 24.4571 |
| 50 Day M A | 24.9969 |
| Code | UMMA |
| Updated At | 21st of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Wahed Dow Jones [UMMA] is traded in USA and was established 2022-01-06. The fund is listed under Foreign Large Growth category and is part of Wahed Invest family. The entity is thematically classified as Strategy ETFs. Wahed Dow Jones at this time have 26.04 M in net assets. , while the total return for the last year was 13.0%.
Check Wahed Dow 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 Wahed Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Wahed 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 Wahed Dow Jones 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.
Wahed Dow Jones Currency Exposure
Wahed Dow Jones holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Wahed Dow will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Wahed Dow Jones.
Top Wahed Dow Jones Etf Constituents
| SAN | Sanofi SA | Stock | Drug Manufacturers—General | |
| ASM | ASM International NV | Stock | Semiconductor Equipment & Materials | |
| CVE | Cenovus Energy | Stock | Energy | |
| SAP | SAP SE | Stock | Software-Application | |
| LR | Legrand SA | Stock | Diversified Industrials | |
| AZN | AstraZeneca PLC | Stock | Health Care | |
| CSL | CSL | Stock | Health Care | |
| SIKA | Sika AG | Stock | Specialty Chemicals |
Wahed Dow Jones Risk Profiles
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 Wahed Dow. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.15) |
Wahed Dow Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Wahed Dow Jones. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in population. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
The market value of Wahed Dow Jones is measured differently than its book value, which is the value of Wahed that is recorded on the company's balance sheet. Investors also form their own opinion of Wahed Dow's value that differs from its market value or its book value, called intrinsic value, which is Wahed Dow'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 Wahed Dow's market value can be influenced by many factors that don't directly affect Wahed Dow'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 Wahed Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wahed Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wahed Dow'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.