Dimensional International High Etf Market Value
| DIHP Etf | USD 25.89 0.17 0.66% |
| Symbol | Dimensional |
The market value of Dimensional International is measured differently than its book value, which is the value of Dimensional that is recorded on the company's balance sheet. Investors also form their own opinion of Dimensional International's value that differs from its market value or its book value, called intrinsic value, which is Dimensional International'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 Dimensional International's market value can be influenced by many factors that don't directly affect Dimensional International'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 Dimensional International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dimensional International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dimensional International'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.
Dimensional International '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 Dimensional International'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 Dimensional International.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Dimensional International on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Dimensional International High or generate 0.0% return on investment in Dimensional International over 30 days. Dimensional International is related to or competes with Dimensional ETF, Dimensional ETF, Dimensional International, Dimensional International, and Dimensional Core. The Portfolio is designed to purchase securities of large non-U.S More
Dimensional International 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 Dimensional International'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 Dimensional International High upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.53) | |||
| Potential Upside | 1.01 |
Dimensional International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dimensional International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dimensional International's standard deviation. In reality, there are many statistical measures that can use Dimensional International historical prices to predict the future Dimensional International's volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.24) |
Dimensional International Backtested Returns
Dimensional International secures Sharpe Ratio (or Efficiency) of -0.12, which denotes the etf had a -0.12% return per unit of risk over the last 3 months. Dimensional International High exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dimensional International's Mean Deviation of 0.6214, variance of 0.6466, and Standard Deviation of 0.8041 to check the risk estimate we provide. The etf shows a Beta (market volatility) of 0.47, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dimensional International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dimensional International is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
Dimensional International High has poor reverse predictability. Overlapping area represents the amount of predictability between Dimensional International time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 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 Dimensional International price movement. The serial correlation of -0.37 indicates that just about 37.0% of current Dimensional International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Dimensional International lagged returns against current returns
Autocorrelation, which is Dimensional International 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 Dimensional International's etf expected returns. We can calculate the autocorrelation of Dimensional International returns to help us make a trade decision. For example, suppose you find that Dimensional International 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 |
Dimensional International 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 Dimensional International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dimensional International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dimensional International etf over time.
Current vs Lagged Prices |
| Timeline |
Dimensional International Lagged Returns
When evaluating Dimensional International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dimensional International etf have on its future price. Dimensional International 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, Dimensional International autocorrelation shows the relationship between Dimensional International etf current value and its past values and can show if there is a momentum factor associated with investing in Dimensional International High.
Regressed Prices |
| Timeline |
Pair Trading with Dimensional International
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 Dimensional International 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 Dimensional International will appreciate offsetting losses from the drop in the long position's value.Moving together with Dimensional Etf
| 0.99 | VEA | Vanguard FTSE Developed | PairCorr |
| 0.99 | IEFA | iShares Core MSCI | PairCorr |
| 0.87 | VEU | Vanguard FTSE All | PairCorr |
| 0.99 | EFA | iShares MSCI EAFE | PairCorr |
| 0.87 | IXUS | iShares Core MSCI | PairCorr |
Moving against Dimensional Etf
| 0.8 | FNTC | Direxion | PairCorr |
| 0.67 | MAGS | Roundhill Magnificent | PairCorr |
| 0.66 | IGA | Voya Global Advantage | PairCorr |
| 0.65 | PXMV | Invesco SP MidCap | PairCorr |
| 0.45 | IVH | IVH | PairCorr |
The ability to find closely correlated positions to Dimensional International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dimensional International 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 Dimensional International - 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 Dimensional International High to buy it.
The correlation of Dimensional International 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 Dimensional International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dimensional International 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 Dimensional International 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 Dimensional International Correlation, Dimensional International Volatility and Dimensional International Alpha and Beta module to complement your research on Dimensional International. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
Dimensional International 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.