Affinity World Leaders Etf Market Value
| WLDR Etf | USD 34.64 0.30 0.86% |
| Symbol | Affinity |
The market value of Affinity World Leaders is measured differently than its book value, which is the value of Affinity that is recorded on the company's balance sheet. Investors also form their own opinion of Affinity World's value that differs from its market value or its book value, called intrinsic value, which is Affinity World'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 Affinity World's market value can be influenced by many factors that don't directly affect Affinity World'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 Affinity World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Affinity World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Affinity World'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.
Affinity World '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 Affinity World'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 Affinity World.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Affinity World on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Affinity World Leaders or generate 0.0% return on investment in Affinity World over 720 days. Affinity World is related to or competes with FCF International, American Century, PIMCO RAFI, and ProShares. The fund normally invests at least 80 percent of its net assets in equity securities included in the index More
Affinity World 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 Affinity World'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 Affinity World Leaders upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9829 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 6.15 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.54 |
Affinity World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Affinity World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Affinity World's standard deviation. In reality, there are many statistical measures that can use Affinity World historical prices to predict the future Affinity World's volatility.| Risk Adjusted Performance | 0.0995 | |||
| Jensen Alpha | 0.0313 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.159 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Affinity World'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.
Affinity World Leaders Backtested Returns
Currently, Affinity World Leaders is very steady. Affinity World Leaders secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the etf had a 0.13% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Affinity World Leaders, which you can use to evaluate the volatility of the entity. Please confirm Affinity World's mean deviation of 0.7022, and Risk Adjusted Performance of 0.0995 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The etf shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Affinity World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Affinity World is expected to be smaller as well.
Auto-correlation | 0.55 |
Modest predictability
Affinity World Leaders has modest predictability. Overlapping area represents the amount of predictability between Affinity World time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 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 Affinity World Leaders price movement. The serial correlation of 0.55 indicates that about 55.0% of current Affinity World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 4.65 |
Affinity World Leaders lagged returns against current returns
Autocorrelation, which is Affinity World 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 Affinity World's etf expected returns. We can calculate the autocorrelation of Affinity World returns to help us make a trade decision. For example, suppose you find that Affinity World 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 |
Affinity World 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 Affinity World etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Affinity World etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Affinity World etf over time.
Current vs Lagged Prices |
| Timeline |
Affinity World Lagged Returns
When evaluating Affinity World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Affinity World etf have on its future price. Affinity World 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, Affinity World autocorrelation shows the relationship between Affinity World etf current value and its past values and can show if there is a momentum factor associated with investing in Affinity World Leaders.
Regressed Prices |
| Timeline |
Pair Trading with Affinity World
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Affinity World position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Affinity World will appreciate offsetting losses from the drop in the long position's value.Moving together with Affinity Etf
| 0.72 | PFIX | Simplify Interest Rate | PairCorr |
| 0.73 | DGT | SPDR Global Dow | PairCorr |
| 0.73 | DEW | WisdomTree Global High | PairCorr |
Moving against Affinity Etf
The ability to find closely correlated positions to Affinity World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Affinity World when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Affinity World - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Affinity World Leaders to buy it.
The correlation of Affinity World is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Affinity World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Affinity World Leaders moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Affinity World can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Affinity World Correlation, Affinity World Volatility and Affinity World Alpha and Beta module to complement your research on Affinity World. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Affinity World 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.