Wahed Dow Jones Etf Market Value
| UMMA Etf | USD 24.02 0.21 0.88% |
| Symbol | Wahed |
The market value of Wahed Dow Jones is measured differently than its book value, which is the value of Wahed that is recorded on the company's balance sheet. Investors also form their own opinion of Wahed Dow's value that differs from its market value or its book value, called intrinsic value, which is Wahed Dow'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 Wahed Dow's market value can be influenced by many factors that don't directly affect Wahed Dow'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 Wahed Dow's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wahed Dow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wahed Dow'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.
Wahed Dow '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 Wahed Dow'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 Wahed Dow.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in Wahed Dow on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding Wahed Dow Jones or generate 0.0% return on investment in Wahed Dow over 30 days. Wahed Dow is related to or competes with Invesco DWA, Invesco DWA, Invesco DWA, Invesco FTSE, and Invesco DWA. The fund is an actively-managed exchange-traded fund that seeks to invests in equity securities of global companies the ... More
Wahed Dow 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 Wahed Dow'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 Wahed Dow Jones upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 5.34 | |||
| Value At Risk | (1.78) | |||
| Potential Upside | 1.93 |
Wahed Dow Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wahed Dow's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wahed Dow's standard deviation. In reality, there are many statistical measures that can use Wahed Dow historical prices to predict the future Wahed Dow's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.15) |
Wahed Dow Jones Backtested Returns
Wahed Dow Jones shows Sharpe Ratio of -0.0791, which attests that the etf had a -0.0791% return per unit of risk over the last 3 months. Wahed Dow Jones exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wahed Dow's Standard Deviation of 1.12, market risk adjusted performance of (0.14), and Mean Deviation of 0.8518 to validate the risk estimate we provide. The entity maintains a market beta of 0.58, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wahed Dow's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wahed Dow is expected to be smaller as well.
Auto-correlation | 0.68 |
Good predictability
Wahed Dow Jones has good predictability. Overlapping area represents the amount of predictability between Wahed Dow time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Wahed Dow Jones price movement. The serial correlation of 0.68 indicates that around 68.0% of current Wahed Dow price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.64 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Wahed Dow Jones lagged returns against current returns
Autocorrelation, which is Wahed Dow 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 Wahed Dow's etf expected returns. We can calculate the autocorrelation of Wahed Dow returns to help us make a trade decision. For example, suppose you find that Wahed Dow 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 |
Wahed Dow 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 Wahed Dow etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wahed Dow etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wahed Dow etf over time.
Current vs Lagged Prices |
| Timeline |
Wahed Dow Lagged Returns
When evaluating Wahed Dow's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wahed Dow etf have on its future price. Wahed Dow 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, Wahed Dow autocorrelation shows the relationship between Wahed Dow etf current value and its past values and can show if there is a momentum factor associated with investing in Wahed Dow Jones.
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 Wahed Dow Jones offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wahed Dow'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 Wahed Dow Jones Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Wahed Dow Jones Etf:Check out Wahed Dow Correlation, Wahed Dow Volatility and Wahed Dow Alpha and Beta module to complement your research on Wahed Dow. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Wahed Dow 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.