WSDMTR ERNGS (Mexico) Market Value
| EPS Etf | MXN 63.12 0.05 0.08% |
| Symbol | WSDMTR |
Please note, there is a significant difference between WSDMTR ERNGS's value and its price as these two are different measures arrived at by different means. Investors typically determine if WSDMTR ERNGS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WSDMTR ERNGS'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.
WSDMTR ERNGS '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 WSDMTR ERNGS'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 WSDMTR ERNGS.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in WSDMTR ERNGS on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding WSDMTR ERNGS 500 or generate 0.0% return on investment in WSDMTR ERNGS over 180 days. WSDMTR ERNGS is related to or competes with Vanguard Index, Vanguard Index, SPDR SP, Vanguard Bond, Invesco QQQ, Vanguard Tax, and Vanguard International. More
WSDMTR ERNGS 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 WSDMTR ERNGS'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 WSDMTR ERNGS 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6311 | |||
| Information Ratio | 0.1868 | |||
| Maximum Drawdown | 8.31 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.15 |
WSDMTR ERNGS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WSDMTR ERNGS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WSDMTR ERNGS's standard deviation. In reality, there are many statistical measures that can use WSDMTR ERNGS historical prices to predict the future WSDMTR ERNGS's volatility.| Risk Adjusted Performance | 0.1852 | |||
| Jensen Alpha | 0.2485 | |||
| Total Risk Alpha | 0.1704 | |||
| Sortino Ratio | 0.3112 | |||
| Treynor Ratio | 2.61 |
WSDMTR ERNGS 500 Backtested Returns
WSDMTR ERNGS appears to be very steady, given 3 months investment horizon. WSDMTR ERNGS 500 shows Sharpe Ratio of 0.2, which attests that the etf had a 0.2% return per unit of volatility over the last 3 months. We have found twenty-six technical indicators for WSDMTR ERNGS 500, which you can use to evaluate the volatility of the etf. Please utilize WSDMTR ERNGS's Mean Deviation of 0.5569, risk adjusted performance of 0.1852, and Coefficient Of Variation of 398.04 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.0972, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WSDMTR ERNGS's returns are expected to increase less than the market. However, during the bear market, the loss of holding WSDMTR ERNGS is expected to be smaller as well.
Auto-correlation | 0.53 |
Modest predictability
WSDMTR ERNGS 500 has modest predictability. Overlapping area represents the amount of predictability between WSDMTR ERNGS time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th of December 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 WSDMTR ERNGS 500 price movement. The serial correlation of 0.53 indicates that about 53.0% of current WSDMTR ERNGS price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.53 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 4.29 |
WSDMTR ERNGS 500 lagged returns against current returns
Autocorrelation, which is WSDMTR ERNGS 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 WSDMTR ERNGS's etf expected returns. We can calculate the autocorrelation of WSDMTR ERNGS returns to help us make a trade decision. For example, suppose you find that WSDMTR ERNGS 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 |
WSDMTR ERNGS 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 WSDMTR ERNGS etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WSDMTR ERNGS etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WSDMTR ERNGS etf over time.
Current vs Lagged Prices |
| Timeline |
WSDMTR ERNGS Lagged Returns
When evaluating WSDMTR ERNGS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WSDMTR ERNGS etf have on its future price. WSDMTR ERNGS 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, WSDMTR ERNGS autocorrelation shows the relationship between WSDMTR ERNGS etf current value and its past values and can show if there is a momentum factor associated with investing in WSDMTR ERNGS 500.
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.Other Information on Investing in WSDMTR Etf
WSDMTR ERNGS financial ratios help investors to determine whether WSDMTR Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in WSDMTR with respect to the benefits of owning WSDMTR ERNGS security.