Wisdomtree International Efficient Etf Market Value
| NTSI Etf | USD 35.71 0.10 0.28% |
| Symbol | WisdomTree |
The market value of WisdomTree International 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 International's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree International'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 International's market value can be influenced by many factors that don't directly affect WisdomTree International'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 International's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree International'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 International '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 International'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 International.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in WisdomTree International on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding WisdomTree International Efficient or generate 0.0% return on investment in WisdomTree International over 720 days. WisdomTree International is related to or competes with IShares Core, IShares Core, IShares Core, IShares Core, and IShares ESG. The fund invests in a representative basket of developed market equity securities, excluding the United States and Canad... More
WisdomTree International 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 International'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 International Efficient upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 4.09 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.66 |
WisdomTree International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree International's standard deviation. In reality, there are many statistical measures that can use WisdomTree International historical prices to predict the future WisdomTree International's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree International'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 International Backtested Returns
WisdomTree International shows Sharpe Ratio of -0.15, which attests that the etf had a -0.15% return per unit of risk over the last 3 months. WisdomTree International exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree International's Standard Deviation of 0.8223, market risk adjusted performance of (0.26), and Mean Deviation of 0.6266 to validate the risk estimate we provide. The entity maintains a market beta of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree International's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree International is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
WisdomTree International Efficient has very weak reverse predictability. Overlapping area represents the amount of predictability between WisdomTree International time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 International price movement. The serial correlation of -0.07 indicates that barely 7.0% of current WisdomTree International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 2.18 |
WisdomTree International lagged returns against current returns
Autocorrelation, which is WisdomTree International 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 International's etf expected returns. We can calculate the autocorrelation of WisdomTree International returns to help us make a trade decision. For example, suppose you find that WisdomTree International 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 International 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 International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree International etf over time.
Current vs Lagged Prices |
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WisdomTree International Lagged Returns
When evaluating WisdomTree International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree International etf have on its future price. WisdomTree International 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 International autocorrelation shows the relationship between WisdomTree International etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree International Efficient.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether WisdomTree International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WisdomTree International'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 International Efficient Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Wisdomtree International Efficient Etf:Check out WisdomTree International Correlation, WisdomTree International Volatility and WisdomTree International Alpha and Beta module to complement your research on WisdomTree International. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
WisdomTree International 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.