Wisdomtree Emerging Markets Etf Market Value
| EMCB Etf | USD 65.36 0.33 0.50% |
| Symbol | WisdomTree |
The market value of WisdomTree Emerging 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 Emerging's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Emerging'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 Emerging's market value can be influenced by many factors that don't directly affect WisdomTree Emerging'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 Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Emerging'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 Emerging '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 Emerging'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 Emerging.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in WisdomTree Emerging on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree Emerging Markets or generate 0.0% return on investment in WisdomTree Emerging over 540 days. WisdomTree Emerging is related to or competes with WisdomTree Interest, WisdomTree Interest, WisdomTree Emerging, WisdomTree Emerging, and First Trust. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowing... More
WisdomTree Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3916 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.59 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.6872 |
WisdomTree Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Emerging's standard deviation. In reality, there are many statistical measures that can use WisdomTree Emerging historical prices to predict the future WisdomTree Emerging's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.34) | |||
| Treynor Ratio | 0.4341 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Emerging's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WisdomTree Emerging Backtested Returns
WisdomTree Emerging shows Sharpe Ratio of -0.0027, which attests that the etf had a -0.0027% return per unit of risk over the last 3 months. WisdomTree Emerging exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Emerging's Mean Deviation of 0.3057, downside deviation of 0.3916, and Market Risk Adjusted Performance of 0.4441 to validate the risk estimate we provide. The entity maintains a market beta of -0.016, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Emerging are expected to decrease at a much lower rate. During the bear market, WisdomTree Emerging is likely to outperform the market.
Auto-correlation | 0.81 |
Very good predictability
WisdomTree Emerging Markets has very good predictability. Overlapping area represents the amount of predictability between WisdomTree Emerging time series from 9th of June 2023 to 5th of March 2024 and 5th of March 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 Emerging price movement. The serial correlation of 0.81 indicates that around 81.0% of current WisdomTree Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.81 | |
| Spearman Rank Test | 0.72 | |
| Residual Average | 0.0 | |
| Price Variance | 2.36 |
WisdomTree Emerging lagged returns against current returns
Autocorrelation, which is WisdomTree Emerging 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 Emerging's etf expected returns. We can calculate the autocorrelation of WisdomTree Emerging returns to help us make a trade decision. For example, suppose you find that WisdomTree Emerging 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 Emerging 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 Emerging etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Emerging etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Emerging etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Emerging Lagged Returns
When evaluating WisdomTree Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Emerging etf have on its future price. WisdomTree Emerging 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 Emerging autocorrelation shows the relationship between WisdomTree Emerging etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Emerging Markets.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether WisdomTree Emerging is a strong investment it is important to analyze WisdomTree Emerging'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 Emerging's future performance. For an informed investment choice regarding WisdomTree Etf, refer to the following important reports:Check out WisdomTree Emerging Correlation, WisdomTree Emerging Volatility and WisdomTree Emerging Alpha and Beta module to complement your research on WisdomTree Emerging. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
WisdomTree Emerging 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.