Wisdomtree International Multifactor Etf Market Value
| DWMF Etf | USD 27.98 0.21 0.76% |
| Symbol | WisdomTree |
The market value of WisdomTree International 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 International's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree International'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 International's market value can be influenced by many factors that don't directly affect WisdomTree International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree International'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 International '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 International'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 International.
| 01/01/2025 |
| 01/31/2025 |
If you would invest 0.00 in WisdomTree International on January 1, 2025 and sell it all today you would earn a total of 0.00 from holding WisdomTree International Multifactor or generate 0.0% return on investment in WisdomTree International over 30 days. WisdomTree International is related to or competes with First Trust, First Trust, First Trust, and First Trust. The fund, an exchange traded fund , is actively managed using a model-based approach More
WisdomTree International 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 International'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 International Multifactor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5836 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 2.4 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.8154 |
WisdomTree International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree International's standard deviation. In reality, there are many statistical measures that can use WisdomTree International historical prices to predict the future WisdomTree International's volatility.| Risk Adjusted Performance | 0.0502 | |||
| Jensen Alpha | 0.0039 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.1064 |
WisdomTree International Backtested Returns
At this point, WisdomTree International is very steady. WisdomTree International shows Sharpe Ratio of 0.11, which attests that the etf had a 0.11 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree International, which you can use to evaluate the volatility of the etf. Please check out WisdomTree International's Mean Deviation of 0.4064, market risk adjusted performance of 0.1164, and Downside Deviation of 0.5836 to validate if the risk estimate we provide is consistent with the expected return of 0.0539%. The entity maintains a market beta of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree International's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree International is expected to be smaller as well.
Auto-correlation | -0.01 |
Very weak reverse predictability
WisdomTree International Multifactor has very weak reverse predictability. Overlapping area represents the amount of predictability between WisdomTree International time series from 1st of January 2025 to 16th of January 2025 and 16th of January 2025 to 31st 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 International price movement. The serial correlation of -0.01 indicates that just 1.0% of current WisdomTree International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
WisdomTree International lagged returns against current returns
Autocorrelation, which is WisdomTree International 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 International's etf expected returns. We can calculate the autocorrelation of WisdomTree International returns to help us make a trade decision. For example, suppose you find that WisdomTree International 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 |
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WisdomTree International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree International etf over time.
Current vs Lagged Prices |
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WisdomTree International Lagged Returns
When evaluating WisdomTree International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree International etf have on its future price. WisdomTree International 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 International autocorrelation shows the relationship between WisdomTree International etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree International Multifactor.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether WisdomTree International is a strong investment it is important to analyze WisdomTree International's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WisdomTree International's future performance. For an informed investment choice regarding WisdomTree Etf, refer to the following important reports:Check out WisdomTree International Correlation, WisdomTree International Volatility and WisdomTree International Alpha and Beta module to complement your research on WisdomTree International. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
WisdomTree International 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.