Wisdomtree Japan Hedged Etf Market Value
| DXJS Etf | USD 34.37 0.48 1.42% |
| Symbol | WisdomTree |
The market value of WisdomTree Japan Hedged 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 Japan's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Japan'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 Japan's market value can be influenced by many factors that don't directly affect WisdomTree Japan'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 Japan's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Japan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Japan'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 Japan '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 Japan'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 Japan.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in WisdomTree Japan on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Japan Hedged or generate 0.0% return on investment in WisdomTree Japan over 30 days. WisdomTree Japan is related to or competes with WisdomTree Emerging, WisdomTree SmallCap, First Trust, and First Trust. The fund normally invests at least 80 percent of its total assets in component securities of the index and investments t... More
WisdomTree Japan 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 Japan'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 Japan Hedged upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.3 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.02 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.94 |
WisdomTree Japan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Japan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Japan's standard deviation. In reality, there are many statistical measures that can use WisdomTree Japan historical prices to predict the future WisdomTree Japan's volatility.| Risk Adjusted Performance | 0.0423 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0731 |
WisdomTree Japan Hedged Backtested Returns
Currently, WisdomTree Japan Hedged is very steady. WisdomTree Japan Hedged shows Sharpe Ratio of 0.0457, which attests that the etf had a 0.0457% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Japan Hedged, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Japan's Mean Deviation of 0.9131, downside deviation of 1.3, and Market Risk Adjusted Performance of 0.0831 to validate if the risk estimate we provide is consistent with the expected return of 0.0562%. The entity maintains a market beta of 0.7, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Japan's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Japan is expected to be smaller as well.
Auto-correlation | 0.46 |
Average predictability
WisdomTree Japan Hedged has average predictability. Overlapping area represents the amount of predictability between WisdomTree Japan time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Japan Hedged price movement. The serial correlation of 0.46 indicates that about 46.0% of current WisdomTree Japan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
WisdomTree Japan Hedged lagged returns against current returns
Autocorrelation, which is WisdomTree Japan 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 Japan's etf expected returns. We can calculate the autocorrelation of WisdomTree Japan returns to help us make a trade decision. For example, suppose you find that WisdomTree Japan 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 Japan 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 Japan etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Japan etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Japan etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Japan Lagged Returns
When evaluating WisdomTree Japan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Japan etf have on its future price. WisdomTree Japan 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 Japan autocorrelation shows the relationship between WisdomTree Japan etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Japan Hedged.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Check out WisdomTree Japan Correlation, WisdomTree Japan Volatility and WisdomTree Japan Alpha and Beta module to complement your research on WisdomTree Japan. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
WisdomTree Japan 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.