Wisdomtree Global Ex Us Etf Market Value
| DNL Etf | USD 36.96 0.17 0.46% |
| Symbol | WisdomTree |
The market value of WisdomTree Global 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 Global's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Global'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 Global's market value can be influenced by many factors that don't directly affect WisdomTree Global'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 Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Global'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 Global '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 Global'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 Global.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in WisdomTree Global on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Global ex US or generate 0.0% return on investment in WisdomTree Global over 30 days. WisdomTree Global is related to or competes with WisdomTree Global, WisdomTree International, WisdomTree Japan, WisdomTree International, and WisdomTree International. Under normal circumstances, at least 95 percent of the funds total assets will be invested in component securities of th... More
WisdomTree Global 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 Global'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 Global ex US upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 4.38 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 1.68 |
WisdomTree Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Global's standard deviation. In reality, there are many statistical measures that can use WisdomTree Global historical prices to predict the future WisdomTree Global's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (0.18) |
WisdomTree Global Backtested Returns
WisdomTree Global shows Sharpe Ratio of -0.13, which attests that the etf had a -0.13% return per unit of risk over the last 3 months. WisdomTree Global exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Global's Market Risk Adjusted Performance of (0.17), standard deviation of 0.9579, and Mean Deviation of 0.7103 to validate the risk estimate we provide. The entity maintains a market beta of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Global is expected to be smaller as well.
Auto-correlation | 0.36 |
Below average predictability
WisdomTree Global ex US has below average predictability. Overlapping area represents the amount of predictability between WisdomTree Global 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 Global price movement. The serial correlation of 0.36 indicates that just about 36.0% of current WisdomTree Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.12 |
WisdomTree Global lagged returns against current returns
Autocorrelation, which is WisdomTree Global 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 Global's etf expected returns. We can calculate the autocorrelation of WisdomTree Global returns to help us make a trade decision. For example, suppose you find that WisdomTree Global 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 Global 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 Global etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Global etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Global etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Global Lagged Returns
When evaluating WisdomTree Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Global etf have on its future price. WisdomTree Global 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 Global autocorrelation shows the relationship between WisdomTree Global etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Global ex US.
Regressed Prices |
| Timeline |
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WisdomTree Global 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.