Westwood Salient Enhanced Etf Market Value
| WEEI Etf | 23.84 0.10 0.42% |
| Symbol | Westwood |
The market value of Westwood Salient Enhanced is measured differently than its book value, which is the value of Westwood that is recorded on the company's balance sheet. Investors also form their own opinion of Westwood Salient's value that differs from its market value or its book value, called intrinsic value, which is Westwood Salient'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 Westwood Salient's market value can be influenced by many factors that don't directly affect Westwood Salient'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 Westwood Salient's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westwood Salient is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westwood Salient'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.
Westwood Salient '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 Westwood Salient'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 Westwood Salient.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Westwood Salient on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Westwood Salient Enhanced or generate 0.0% return on investment in Westwood Salient over 180 days. Westwood Salient is related to or competes with Invesco Dynamic, SPDR SP, and SPDR SP. Westwood Salient is entity of United States More
Westwood Salient 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 Westwood Salient'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 Westwood Salient Enhanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.04 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.36 | |||
| Value At Risk | (1.51) | |||
| Potential Upside | 1.52 |
Westwood Salient Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwood Salient's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwood Salient's standard deviation. In reality, there are many statistical measures that can use Westwood Salient historical prices to predict the future Westwood Salient's volatility.| Risk Adjusted Performance | 0.0769 | |||
| Jensen Alpha | 0.0138 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.1536 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westwood Salient'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.
Westwood Salient Enhanced Backtested Returns
Westwood Salient is very steady at the moment. Westwood Salient Enhanced shows Sharpe Ratio of 0.12, which attests that the etf had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Westwood Salient Enhanced, which you can use to evaluate the volatility of the etf. Please check out Westwood Salient's Mean Deviation of 0.6832, downside deviation of 1.04, and Market Risk Adjusted Performance of 0.1636 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The entity maintains a market beta of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westwood Salient's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westwood Salient is expected to be smaller as well.
Auto-correlation | 0.34 |
Below average predictability
Westwood Salient Enhanced has below average predictability. Overlapping area represents the amount of predictability between Westwood Salient time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Westwood Salient Enhanced price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Westwood Salient price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Westwood Salient Enhanced lagged returns against current returns
Autocorrelation, which is Westwood Salient 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 Westwood Salient's etf expected returns. We can calculate the autocorrelation of Westwood Salient returns to help us make a trade decision. For example, suppose you find that Westwood Salient 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 |
Westwood Salient 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 Westwood Salient etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westwood Salient etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westwood Salient etf over time.
Current vs Lagged Prices |
| Timeline |
Westwood Salient Lagged Returns
When evaluating Westwood Salient's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwood Salient etf have on its future price. Westwood Salient 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, Westwood Salient autocorrelation shows the relationship between Westwood Salient etf current value and its past values and can show if there is a momentum factor associated with investing in Westwood Salient Enhanced.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether Westwood Salient Enhanced offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Westwood Salient'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 Westwood Salient Enhanced Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Westwood Salient Enhanced Etf:Check out Westwood Salient Correlation, Westwood Salient Volatility and Westwood Salient Alpha and Beta module to complement your research on Westwood Salient. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Westwood Salient 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.