Wisdomtree Dynamic Currency Etf Market Value
| DDWM Etf | USD 34.27 0.23 0.67% |
| 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.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in WisdomTree Dynamic on October 30, 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 International, WisdomTree Europe, Xtrackers MSCI, and WisdomTree Europe. 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 | (0.28) | |||
| Maximum Drawdown | 3.27 | |||
| Value At Risk | (1.17) | |||
| Potential Upside | 0.9219 |
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 | (0.07) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Dynamic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WisdomTree Dynamic Backtested Returns
WisdomTree Dynamic shows Sharpe Ratio of -0.0735, which attests that the etf had a -0.0735% 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 Mean Deviation of 0.5299, market risk adjusted performance of (0.16), and Standard Deviation of 0.6712 to validate the risk estimate we provide. The entity maintains a market beta of 0.41, which attests to possible diversification benefits within a given portfolio. 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 | 0.54 |
Modest predictability
WisdomTree Dynamic Currency has modest predictability. Overlapping area represents the amount of predictability between WisdomTree Dynamic time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Dynamic price movement. The serial correlation of 0.54 indicates that about 54.0% of current WisdomTree Dynamic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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 Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
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.