Australian Wealth (Australia) Market Value
| WAG Etf | 0.31 0.01 3.33% |
| Symbol | Australian |
Please note, there is a significant difference between Australian Wealth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Australian Wealth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Australian Wealth'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.
Australian Wealth '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 Australian Wealth'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 Australian Wealth.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Australian Wealth on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding The Australian Wealth or generate 0.0% return on investment in Australian Wealth over 90 days. Australian Wealth is related to or competes with Betashares Asia, BetaShares Australia, Australian High, and Vanguard Australian. Australian Wealth is entity of Australia More
Australian Wealth 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 Australian Wealth'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 The Australian Wealth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.15 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 22.84 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 3.7 |
Australian Wealth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Australian Wealth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Australian Wealth's standard deviation. In reality, there are many statistical measures that can use Australian Wealth historical prices to predict the future Australian Wealth's volatility.| Risk Adjusted Performance | 0.0307 | |||
| Jensen Alpha | 0.0897 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.82) |
Australian Wealth Backtested Returns
Currently, The Australian Wealth is out of control. Australian Wealth secures Sharpe Ratio (or Efficiency) of 0.0529, which signifies that the etf had a 0.0529% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for The Australian Wealth, which you can use to evaluate the volatility of the entity. Please confirm Australian Wealth's Risk Adjusted Performance of 0.0307, mean deviation of 1.16, and Semi Deviation of 1.96 to double-check if the risk estimate we provide is consistent with the expected return of 0.15%. The etf shows a Beta (market volatility) of -0.0964, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Australian Wealth are expected to decrease at a much lower rate. During the bear market, Australian Wealth is likely to outperform the market.
Auto-correlation | -0.12 |
Insignificant reverse predictability
The Australian Wealth has insignificant reverse predictability. Overlapping area represents the amount of predictability between Australian Wealth time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Australian Wealth price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Australian Wealth price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Australian Wealth lagged returns against current returns
Autocorrelation, which is Australian Wealth 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 Australian Wealth's etf expected returns. We can calculate the autocorrelation of Australian Wealth returns to help us make a trade decision. For example, suppose you find that Australian Wealth 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 |
Australian Wealth 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 Australian Wealth etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Australian Wealth etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Australian Wealth etf over time.
Current vs Lagged Prices |
| Timeline |
Australian Wealth Lagged Returns
When evaluating Australian Wealth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Australian Wealth etf have on its future price. Australian Wealth 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, Australian Wealth autocorrelation shows the relationship between Australian Wealth etf current value and its past values and can show if there is a momentum factor associated with investing in The Australian Wealth.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in Australian Etf
Australian Wealth financial ratios help investors to determine whether Australian 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 Australian with respect to the benefits of owning Australian Wealth security.