Wisdomtree High Dividend Etf Market Value
| DHS Etf | USD 100.32 0.90 0.91% |
| Symbol | WisdomTree |
The market value of WisdomTree High Dividend 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 High's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree High'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 High's market value can be influenced by many factors that don't directly affect WisdomTree High'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 High's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree High is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree High'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 High '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 High'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 High.
| 02/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in WisdomTree High on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree High Dividend or generate 0.0% return on investment in WisdomTree High over 270 days. WisdomTree High is related to or competes with BlackRock ETF, Rbb Fund, Virtus ETF, and Amplify CWP. Under normal circumstances, at least 95 percent of the funds total assets will be invested in component securities of th... More
WisdomTree High 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 High'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 High Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5486 | |||
| Information Ratio | 0.0478 | |||
| Maximum Drawdown | 3.59 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.21 |
WisdomTree High Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree High's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree High's standard deviation. In reality, there are many statistical measures that can use WisdomTree High historical prices to predict the future WisdomTree High's volatility.| Risk Adjusted Performance | 0.1749 | |||
| Jensen Alpha | 0.065 | |||
| Total Risk Alpha | 0.0415 | |||
| Sortino Ratio | 0.063 | |||
| Treynor Ratio | 0.2077 |
WisdomTree High Dividend Backtested Returns
Currently, WisdomTree High Dividend is very steady. WisdomTree High Dividend shows Sharpe Ratio of 0.19, which attests that the etf had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree High Dividend, which you can use to evaluate the volatility of the etf. Please check out WisdomTree High's Mean Deviation of 0.5719, market risk adjusted performance of 0.2177, and Downside Deviation of 0.5486 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The entity maintains a market beta of 0.75, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree High's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree High is expected to be smaller as well.
Auto-correlation | 0.40 |
Average predictability
WisdomTree High Dividend has average predictability. Overlapping area represents the amount of predictability between WisdomTree High time series from 27th of February 2024 to 11th of July 2024 and 11th of July 2024 to 23rd 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 High Dividend price movement. The serial correlation of 0.4 indicates that just about 40.0% of current WisdomTree High price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 10.8 |
WisdomTree High Dividend lagged returns against current returns
Autocorrelation, which is WisdomTree High 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 High's etf expected returns. We can calculate the autocorrelation of WisdomTree High returns to help us make a trade decision. For example, suppose you find that WisdomTree High 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 High 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 High etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree High etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree High etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree High Lagged Returns
When evaluating WisdomTree High's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree High etf have on its future price. WisdomTree High 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 High autocorrelation shows the relationship between WisdomTree High etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree High Dividend.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out WisdomTree High Correlation, WisdomTree High Volatility and WisdomTree High Alpha and Beta module to complement your research on WisdomTree High. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
WisdomTree High 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.