Wisdomtree Europe Hedged Etf Market Value
| EUSC Etf | USD 37.72 0.27 0.71% |
| Symbol | WisdomTree |
The market value of WisdomTree Europe 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 Europe's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Europe'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 Europe's market value can be influenced by many factors that don't directly affect WisdomTree Europe'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 Europe's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Europe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Europe'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 Europe '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 Europe'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 Europe.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in WisdomTree Europe on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Europe Hedged or generate 0.0% return on investment in WisdomTree Europe over 30 days. WisdomTree Europe is related to or competes with WisdomTree International, WisdomTree Emerging, and WisdomTree Dynamic. Under normal circumstances, at least 80 percent of the funds total assets will be invested in component securities of th... More
WisdomTree Europe 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 Europe'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 Europe Hedged upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8663 | |||
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.47 |
WisdomTree Europe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Europe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Europe's standard deviation. In reality, there are many statistical measures that can use WisdomTree Europe historical prices to predict the future WisdomTree Europe's volatility.| Risk Adjusted Performance | 0.0023 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Europe'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 Europe Hedged Backtested Returns
WisdomTree Europe Hedged shows Sharpe Ratio of -0.0091, which attests that the etf had a -0.0091% return per unit of risk over the last 3 months. WisdomTree Europe Hedged exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Europe's Downside Deviation of 0.8663, market risk adjusted performance of (0.01), and Mean Deviation of 0.5985 to validate the risk estimate we provide. The entity maintains a market beta of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Europe's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Europe is expected to be smaller as well.
Auto-correlation | 0.22 |
Weak predictability
WisdomTree Europe Hedged has weak predictability. Overlapping area represents the amount of predictability between WisdomTree Europe time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Europe Hedged price movement. The serial correlation of 0.22 indicates that over 22.0% of current WisdomTree Europe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
WisdomTree Europe Hedged lagged returns against current returns
Autocorrelation, which is WisdomTree Europe 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 Europe's etf expected returns. We can calculate the autocorrelation of WisdomTree Europe returns to help us make a trade decision. For example, suppose you find that WisdomTree Europe 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 Europe 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 Europe etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Europe etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Europe etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Europe Lagged Returns
When evaluating WisdomTree Europe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Europe etf have on its future price. WisdomTree Europe 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 Europe autocorrelation shows the relationship between WisdomTree Europe etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Europe Hedged.
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 Europe Hedged is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if WisdomTree Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Wisdomtree Europe Hedged Etf. Highlighted below are key reports to facilitate an investment decision about Wisdomtree Europe Hedged Etf:Check out WisdomTree Europe Correlation, WisdomTree Europe Volatility and WisdomTree Europe Alpha and Beta module to complement your research on WisdomTree Europe. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
WisdomTree Europe 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.