Wisdomtree Emerging Markets Etf Market Value
| DEM Etf | USD 40.74 0.22 0.54% |
| Symbol | WisdomTree |
The market value of WisdomTree Emerging 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 Emerging's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Emerging'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 Emerging's market value can be influenced by many factors that don't directly affect WisdomTree Emerging'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 Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Emerging'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.
WisdomTree Emerging '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 WisdomTree Emerging'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 WisdomTree Emerging.
| 01/07/2023 |
| 12/27/2024 |
If you would invest 0.00 in WisdomTree Emerging on January 7, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree Emerging Markets or generate 0.0% return on investment in WisdomTree Emerging over 720 days. WisdomTree Emerging is related to or competes with WisdomTree Emerging, IShares International, WisdomTree SmallCap, SPDR SP, and WisdomTree International. Under normal circumstances, at least 95 percent of the funds total assets will be invested in component securities of th... More
WisdomTree Emerging 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 WisdomTree Emerging'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 WisdomTree Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.09 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.4 |
WisdomTree Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Emerging's standard deviation. In reality, there are many statistical measures that can use WisdomTree Emerging historical prices to predict the future WisdomTree Emerging's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (3.78) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Emerging'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.
WisdomTree Emerging Backtested Returns
WisdomTree Emerging shows Sharpe Ratio of -0.13, which attests that the etf had a -0.13% return per unit of risk over the last 3 months. WisdomTree Emerging exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Emerging's Market Risk Adjusted Performance of (3.77), mean deviation of 0.7327, and Standard Deviation of 0.9757 to validate the risk estimate we provide. The entity maintains a market beta of 0.0331, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Emerging is expected to be smaller as well.
Auto-correlation | 0.35 |
Below average predictability
WisdomTree Emerging Markets has below average predictability. Overlapping area represents the amount of predictability between WisdomTree Emerging time series from 7th of January 2023 to 2nd of January 2024 and 2nd of January 2024 to 27th 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 WisdomTree Emerging price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current WisdomTree Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 2.99 |
WisdomTree Emerging lagged returns against current returns
Autocorrelation, which is WisdomTree Emerging 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 WisdomTree Emerging's etf expected returns. We can calculate the autocorrelation of WisdomTree Emerging returns to help us make a trade decision. For example, suppose you find that WisdomTree Emerging 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 |
WisdomTree Emerging 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 WisdomTree Emerging etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Emerging etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Emerging etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Emerging Lagged Returns
When evaluating WisdomTree Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Emerging etf have on its future price. WisdomTree Emerging 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, WisdomTree Emerging autocorrelation shows the relationship between WisdomTree Emerging etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Emerging Markets.
Regressed Prices |
| Timeline |
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WisdomTree Emerging 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.