Wisdomtree Largecap Dividend Etf Market Value
| DLN Etf | USD 81.38 0.51 0.63% |
| Symbol | WisdomTree |
The market value of WisdomTree LargeCap 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 LargeCap's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree LargeCap'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 LargeCap's market value can be influenced by many factors that don't directly affect WisdomTree LargeCap'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 LargeCap's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree LargeCap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree LargeCap'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 LargeCap '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 LargeCap'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 LargeCap.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in WisdomTree LargeCap on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree LargeCap Dividend or generate 0.0% return on investment in WisdomTree LargeCap over 180 days. WisdomTree LargeCap 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 LargeCap 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 LargeCap'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 LargeCap Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5517 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 2.88 | |||
| Value At Risk | (0.75) | |||
| Potential Upside | 0.9874 |
WisdomTree LargeCap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree LargeCap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree LargeCap's standard deviation. In reality, there are many statistical measures that can use WisdomTree LargeCap historical prices to predict the future WisdomTree LargeCap's volatility.| Risk Adjusted Performance | 0.1356 | |||
| Jensen Alpha | 0.0105 | |||
| Total Risk Alpha | 0.0038 | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1352 |
WisdomTree LargeCap Backtested Returns
As of now, WisdomTree Etf is very steady. WisdomTree LargeCap shows Sharpe Ratio of 0.16, which attests that the etf had a 0.16% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree LargeCap, which you can use to evaluate the volatility of the etf. Please check out WisdomTree LargeCap's Market Risk Adjusted Performance of 0.1452, downside deviation of 0.5517, and Mean Deviation of 0.4573 to validate if the risk estimate we provide is consistent with the expected return of 0.0935%. The entity maintains a market beta of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree LargeCap's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree LargeCap is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
WisdomTree LargeCap Dividend has very good predictability. Overlapping area represents the amount of predictability between WisdomTree LargeCap time series from 27th of May 2024 to 25th of August 2024 and 25th of August 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 LargeCap price movement. The serial correlation of 0.84 indicates that around 84.0% of current WisdomTree LargeCap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 2.48 |
WisdomTree LargeCap lagged returns against current returns
Autocorrelation, which is WisdomTree LargeCap 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 LargeCap's etf expected returns. We can calculate the autocorrelation of WisdomTree LargeCap returns to help us make a trade decision. For example, suppose you find that WisdomTree LargeCap 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 LargeCap 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 LargeCap etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree LargeCap etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree LargeCap etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree LargeCap Lagged Returns
When evaluating WisdomTree LargeCap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree LargeCap etf have on its future price. WisdomTree LargeCap 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 LargeCap autocorrelation shows the relationship between WisdomTree LargeCap etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree LargeCap Dividend.
Regressed Prices |
| Timeline |
Pair Trading with WisdomTree LargeCap
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if WisdomTree LargeCap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WisdomTree LargeCap will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.98 | VTV | Vanguard Value Index | PairCorr |
| 1.0 | VYM | Vanguard High Dividend | PairCorr |
| 0.99 | IWD | iShares Russell 1000 | PairCorr |
| 0.98 | DGRO | iShares Core Dividend | PairCorr |
| 0.98 | IVE | iShares SP 500 | PairCorr |
Moving against WisdomTree Etf
The ability to find closely correlated positions to WisdomTree LargeCap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree LargeCap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WisdomTree LargeCap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WisdomTree LargeCap Dividend to buy it.
The correlation of WisdomTree LargeCap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree LargeCap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree LargeCap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for WisdomTree LargeCap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out WisdomTree LargeCap Correlation, WisdomTree LargeCap Volatility and WisdomTree LargeCap Alpha and Beta module to complement your research on WisdomTree LargeCap. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
WisdomTree LargeCap 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.