Wisdomtree Efficient Gold Etf Technical Analysis
| GDE Etf | USD 37.92 0.07 0.18% |
As of the 28th of November, WisdomTree Efficient maintains the Mean Deviation of 0.9293, downside deviation of 1.61, and Market Risk Adjusted Performance of 0.2077. WisdomTree Efficient Gold technical analysis makes it possible for you to employ past prices and volume data with the intention to determine a pattern that calculates the direction of the etf's future prices. Please check out WisdomTree Efficient Gold treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if WisdomTree Efficient Gold is priced fairly, providing market reflects its latest price of 37.92 per share.
WisdomTree Efficient Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as WisdomTree, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WisdomTreeWisdomTree |
WisdomTree Efficient 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.
WisdomTree Efficient Gold Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of WisdomTree Efficient Gold volatility. High ATR values indicate high volatility, and low values indicate low volatility.
WisdomTree Efficient Gold Trend Analysis
Use this graph to draw trend lines for WisdomTree Efficient Gold. You can use it to identify possible trend reversals for WisdomTree Efficient as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual WisdomTree Efficient price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.WisdomTree Efficient Best Fit Change Line
The following chart estimates an ordinary least squares regression model for WisdomTree Efficient Gold applied against its price change over selected period. The best fit line has a slop of 0.06 , which may imply that WisdomTree Efficient Gold will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 152.12, which is the sum of squared deviations for the predicted WisdomTree Efficient price change compared to its average price change.About WisdomTree Efficient Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of WisdomTree Efficient Gold on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of WisdomTree Efficient Gold based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on WisdomTree Efficient Gold price pattern first instead of the macroeconomic environment surrounding WisdomTree Efficient Gold. By analyzing WisdomTree Efficient's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of WisdomTree Efficient's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to WisdomTree Efficient specific price patterns or momentum indicators. Please read more on our technical analysis page.
WisdomTree Efficient November 28, 2024 Technical Indicators
Most technical analysis of WisdomTree help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for WisdomTree from various momentum indicators to cycle indicators. When you analyze WisdomTree charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Risk Adjusted Performance | 0.0821 | |||
| Market Risk Adjusted Performance | 0.2077 | |||
| Mean Deviation | 0.9293 | |||
| Semi Deviation | 1.43 | |||
| Downside Deviation | 1.61 | |||
| Coefficient Of Variation | 980.0 | |||
| Standard Deviation | 1.25 | |||
| Variance | 1.56 | |||
| Information Ratio | 0.0017 | |||
| Jensen Alpha | 0.0489 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0013 | |||
| Treynor Ratio | 0.1977 | |||
| Maximum Drawdown | 6.44 | |||
| Value At Risk | (2.34) | |||
| Potential Upside | 2.05 | |||
| Downside Variance | 2.6 | |||
| Semi Variance | 2.05 | |||
| Expected Short fall | (0.84) | |||
| Skewness | (0.74) | |||
| Kurtosis | 0.8577 |
WisdomTree Efficient Gold One Year Return
Based on the recorded statements, WisdomTree Efficient Gold has an One Year Return of 57%. This is much higher than that of the WisdomTree family and significantly higher than that of the Large Blend category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in WisdomTree Efficient Gold. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of WisdomTree Efficient Gold 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 Efficient's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Efficient'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 Efficient's market value can be influenced by many factors that don't directly affect WisdomTree Efficient'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 Efficient's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Efficient is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Efficient'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.