Wisdomtree Quality Dividend Etf Market Value
| DGRW Etf | USD 82.40 0.46 0.56% |
| Symbol | WisdomTree |
The market value of WisdomTree Quality 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 Quality's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Quality'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 Quality's market value can be influenced by many factors that don't directly affect WisdomTree Quality'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 Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Quality'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 Quality '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 Quality'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 Quality.
| 07/22/2024 |
| 01/18/2025 |
If you would invest 0.00 in WisdomTree Quality on July 22, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Quality Dividend or generate 0.0% return on investment in WisdomTree Quality over 180 days. WisdomTree Quality is related to or competes with IShares Core, WisdomTree LargeCap, WisdomTree MidCap, WisdomTree High, and WisdomTree SmallCap. Under normal circumstances, at least 80 percent of the funds total assets will be invested in component securities of th... More
WisdomTree Quality 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 Quality'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 Quality Dividend upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 4.62 | |||
| Value At Risk | (1.23) | |||
| Potential Upside | 0.9039 |
WisdomTree Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Quality's standard deviation. In reality, there are many statistical measures that can use WisdomTree Quality historical prices to predict the future WisdomTree Quality's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.14) |
WisdomTree Quality Backtested Returns
WisdomTree Quality shows Sharpe Ratio of -0.0356, which attests that the etf had a -0.0356% return per unit of risk over the last 3 months. WisdomTree Quality exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Quality's Standard Deviation of 0.699, mean deviation of 0.5018, and Market Risk Adjusted Performance of (0.13) to validate the risk estimate we provide. The entity maintains a market beta of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Quality is expected to be smaller as well.
Auto-correlation | -0.5 |
Modest reverse predictability
WisdomTree Quality Dividend has modest reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Quality time series from 22nd of July 2024 to 20th of October 2024 and 20th of October 2024 to 18th of January 2025. 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 Quality price movement. The serial correlation of -0.5 indicates that about 50.0% of current WisdomTree Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 2.08 |
WisdomTree Quality lagged returns against current returns
Autocorrelation, which is WisdomTree Quality 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 Quality's etf expected returns. We can calculate the autocorrelation of WisdomTree Quality returns to help us make a trade decision. For example, suppose you find that WisdomTree Quality 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 Quality 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 Quality etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Quality etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Quality etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Quality Lagged Returns
When evaluating WisdomTree Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Quality etf have on its future price. WisdomTree Quality 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 Quality autocorrelation shows the relationship between WisdomTree Quality etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Quality Dividend.
Regressed Prices |
| Timeline |
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| TRX | TRON | |
| BNB | Binance Coin |
Check out WisdomTree Quality Correlation, WisdomTree Quality Volatility and WisdomTree Quality Alpha and Beta module to complement your research on WisdomTree Quality. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
WisdomTree Quality 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.