Wisdomtree Efficient Gold Etf Market Value
| GDE Etf | USD 37.92 0.07 0.18% |
| Symbol | WisdomTree |
The market value of WisdomTree Efficient Gold 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 Efficient's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Efficient'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 Efficient's market value can be influenced by many factors that don't directly affect WisdomTree Efficient'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 Efficient's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Efficient is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Efficient'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 Efficient '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 Efficient'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 Efficient.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in WisdomTree Efficient on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Efficient Gold or generate 0.0% return on investment in WisdomTree Efficient over 30 days. WisdomTree Efficient is related to or competes with Pinnacle Focused, STF Tactical, Return Stacked, Fairlead Tactical, STF Tactical, and FT Vest. The fund seeks to invest, either directly or through a wholly-owned subsidiary, in a portfolio comprised of U.S More
WisdomTree Efficient 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 Efficient'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 Efficient Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | 0.0017 | |||
| Maximum Drawdown | 6.44 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.05 |
WisdomTree Efficient Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Efficient's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Efficient's standard deviation. In reality, there are many statistical measures that can use WisdomTree Efficient historical prices to predict the future WisdomTree Efficient's volatility.| Risk Adjusted Performance | 0.0821 | |||
| Jensen Alpha | 0.0489 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0013 | |||
| Treynor Ratio | 0.1977 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Efficient'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 Efficient Gold Backtested Returns
At this point, WisdomTree Efficient is very steady. WisdomTree Efficient Gold shows Sharpe Ratio of 0.13, which attests that the etf had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Efficient Gold, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Efficient's Downside Deviation of 1.61, mean deviation of 0.9293, and Market Risk Adjusted Performance of 0.2077 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The entity maintains a market beta of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Efficient's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Efficient is expected to be smaller as well.
Auto-correlation | 0.12 |
Insignificant predictability
WisdomTree Efficient Gold has insignificant predictability. Overlapping area represents the amount of predictability between WisdomTree Efficient time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Efficient Gold price movement. The serial correlation of 0.12 indicates that less than 12.0% of current WisdomTree Efficient price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
WisdomTree Efficient Gold lagged returns against current returns
Autocorrelation, which is WisdomTree Efficient 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 Efficient's etf expected returns. We can calculate the autocorrelation of WisdomTree Efficient returns to help us make a trade decision. For example, suppose you find that WisdomTree Efficient 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 Efficient 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 Efficient etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Efficient etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Efficient etf over time.
Current vs Lagged Prices |
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WisdomTree Efficient Lagged Returns
When evaluating WisdomTree Efficient's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Efficient etf have on its future price. WisdomTree Efficient 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 Efficient autocorrelation shows the relationship between WisdomTree Efficient etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Efficient Gold.
Regressed Prices |
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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 Efficient Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WisdomTree Efficient's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wisdomtree Efficient Gold Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Wisdomtree Efficient Gold Etf:Check out WisdomTree Efficient Correlation, WisdomTree Efficient Volatility and WisdomTree Efficient Alpha and Beta module to complement your research on WisdomTree Efficient. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
WisdomTree Efficient 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.