WisdomTree DAX (UK) Market Value
| 3LDE Etf | 25,606 548.50 2.19% |
| Symbol | WisdomTree |
WisdomTree DAX '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 WisdomTree DAX'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 WisdomTree DAX.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in WisdomTree DAX on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree DAX 30 or generate 0.0% return on investment in WisdomTree DAX over 30 days. WisdomTree DAX is related to or competes with WisdomTree Zinc, WisdomTree Brent, WisdomTree Aluminium, WisdomTree Enhanced, WisdomTree Gold, WisdomTree WTI, and WisdomTree Issuer. WisdomTree DAX is entity of United Kingdom More
WisdomTree DAX 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 WisdomTree DAX'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 WisdomTree DAX 30 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.0011 | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (3.99) | |||
| Potential Upside | 4.12 |
WisdomTree DAX Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree DAX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree DAX's standard deviation. In reality, there are many statistical measures that can use WisdomTree DAX historical prices to predict the future WisdomTree DAX's volatility.| Risk Adjusted Performance | 0.0504 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0012 | |||
| Treynor Ratio | 0.118 |
WisdomTree DAX 30 Backtested Returns
Currently, WisdomTree DAX 30 is very steady. WisdomTree DAX 30 shows Sharpe Ratio of 0.0405, which attests that the etf had a 0.0405% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree DAX 30, which you can use to evaluate the volatility of the etf. Please check out WisdomTree DAX's Market Risk Adjusted Performance of 0.128, mean deviation of 1.9, and Downside Deviation of 2.22 to validate if the risk estimate we provide is consistent with the expected return of 0.095%. The entity maintains a market beta of 1.05, which attests to a somewhat significant risk relative to the market. WisdomTree DAX returns are very sensitive to returns on the market. As the market goes up or down, WisdomTree DAX is expected to follow.
Auto-correlation | 0.36 |
Below average predictability
WisdomTree DAX 30 has below average predictability. Overlapping area represents the amount of predictability between WisdomTree DAX time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 WisdomTree DAX 30 price movement. The serial correlation of 0.36 indicates that just about 36.0% of current WisdomTree DAX price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 271.2 K |
WisdomTree DAX 30 lagged returns against current returns
Autocorrelation, which is WisdomTree DAX 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 WisdomTree DAX's etf expected returns. We can calculate the autocorrelation of WisdomTree DAX returns to help us make a trade decision. For example, suppose you find that WisdomTree DAX 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 |
WisdomTree DAX 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 WisdomTree DAX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree DAX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree DAX etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree DAX Lagged Returns
When evaluating WisdomTree DAX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree DAX etf have on its future price. WisdomTree DAX 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, WisdomTree DAX autocorrelation shows the relationship between WisdomTree DAX etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree DAX 30.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in WisdomTree Etf
WisdomTree DAX financial ratios help investors to determine whether WisdomTree Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in WisdomTree with respect to the benefits of owning WisdomTree DAX security.