Wisdomtree Dynamic Currency Etf Market Value
| DDLS Etf | USD 34.75 0.25 0.72% |
| Symbol | WisdomTree |
The market value of WisdomTree Dynamic is measured differently than its book value, which is the value of WisdomTree that is recorded on the company's balance sheet. Investors also form their own opinion of WisdomTree Dynamic's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Dynamic'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 WisdomTree Dynamic's market value can be influenced by many factors that don't directly affect WisdomTree Dynamic'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 WisdomTree Dynamic's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Dynamic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Dynamic'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.
WisdomTree Dynamic '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 Dynamic'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 Dynamic.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in WisdomTree Dynamic on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Dynamic Currency or generate 0.0% return on investment in WisdomTree Dynamic over 30 days. WisdomTree Dynamic is related to or competes with WisdomTree Dynamic, WisdomTree Europe, WisdomTree Europe, WisdomTree International, and WisdomTree International. The fund will invest at least 80 percent of its total assets in component securities of the index and investments that h... More
WisdomTree Dynamic 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 Dynamic'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 Dynamic Currency upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.63 | |||
| Value At Risk | (1.05) | |||
| Potential Upside | 0.9815 |
WisdomTree Dynamic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Dynamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Dynamic's standard deviation. In reality, there are many statistical measures that can use WisdomTree Dynamic historical prices to predict the future WisdomTree Dynamic's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Treynor Ratio | (0.07) |
WisdomTree Dynamic Backtested Returns
WisdomTree Dynamic shows Sharpe Ratio of -0.014, which attests that the etf had a -0.014% return per unit of risk over the last 3 months. WisdomTree Dynamic exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Dynamic's Market Risk Adjusted Performance of (0.06), standard deviation of 0.6317, and Mean Deviation of 0.4861 to validate the risk estimate we provide. The entity maintains a market beta of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Dynamic's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Dynamic is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
WisdomTree Dynamic Currency has good reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Dynamic time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 2025. 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 Dynamic price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current WisdomTree Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
WisdomTree Dynamic lagged returns against current returns
Autocorrelation, which is WisdomTree Dynamic 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 Dynamic's etf expected returns. We can calculate the autocorrelation of WisdomTree Dynamic returns to help us make a trade decision. For example, suppose you find that WisdomTree Dynamic 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 Dynamic 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 Dynamic etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Dynamic etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Dynamic etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Dynamic Lagged Returns
When evaluating WisdomTree Dynamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Dynamic etf have on its future price. WisdomTree Dynamic 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 Dynamic autocorrelation shows the relationship between WisdomTree Dynamic etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Dynamic Currency.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out WisdomTree Dynamic Correlation, WisdomTree Dynamic Volatility and WisdomTree Dynamic Alpha and Beta module to complement your research on WisdomTree Dynamic. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
WisdomTree Dynamic technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.