WisdomTree Efficient Financial Statements From 2010 to 2025
| GDMN Etf | USD 40.69 1.00 2.52% |
Check WisdomTree Efficient financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among WisdomTree Efficient's main balance sheet or income statement drivers, such as , as well as many indicators such as . WisdomTree financial statements analysis is a perfect complement when working with WisdomTree Efficient Valuation or Volatility modules.
WisdomTree |
WisdomTree Efficient Gold ETF Beta Analysis
WisdomTree Efficient's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current WisdomTree Efficient Beta | 0.96 |
Most of WisdomTree Efficient's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, WisdomTree Efficient Gold is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, WisdomTree Efficient Gold has a Beta of 0.96. This is much higher than that of the WisdomTree family and significantly higher than that of the Commodities Focused category. The beta for all United States etfs is notably lower than that of the firm.
About WisdomTree Efficient Financial Statements
WisdomTree Efficient investors utilize fundamental indicators, such as revenue or net income, to predict how WisdomTree Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fund invests, either directly or through a wholly-owned subsidiary, in a portfolio comprised of U.S. Wisdomtree Efficient is traded on BATS Exchange in the United States.
Pair Trading with WisdomTree Efficient
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 WisdomTree Efficient 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 WisdomTree Efficient will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.99 | GLD | SPDR Gold Shares | PairCorr |
| 0.99 | IAU | iShares Gold Trust | PairCorr |
| 0.94 | SLV | iShares Silver Trust Aggressive Push | PairCorr |
| 0.99 | GLDM | SPDR Gold MiniShares | PairCorr |
| 0.99 | SGOL | abrdn Physical Gold | PairCorr |
Moving against WisdomTree Etf
The ability to find closely correlated positions to WisdomTree Efficient could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree Efficient 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 WisdomTree Efficient - 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 WisdomTree Efficient Gold to buy it.
The correlation of WisdomTree Efficient 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 WisdomTree Efficient moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Efficient Gold 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 WisdomTree Efficient 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 the analysis of WisdomTree Efficient Correlation against competitors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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.