Wisdomtree Emerging Markets Etf Market Value
| DEM Etf | USD 41.23 0.04 0.1% |
| 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.
| 05/01/2022 |
| 04/20/2024 |
If you would invest 0.00 in WisdomTree Emerging on May 1, 2022 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 IShares MSCI. 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.
| Downside Deviation | 0.8323 | |||
| Information Ratio | 0.0444 | |||
| Maximum Drawdown | 3.58 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.13 |
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 | 0.0972 | |||
| Jensen Alpha | 0.0516 | |||
| Total Risk Alpha | 0.0148 | |||
| Sortino Ratio | 0.0409 | |||
| Treynor Ratio | 0.1427 |
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
We consider WisdomTree Emerging very steady. WisdomTree Emerging shows Sharpe Ratio of 0.15, which attests that the etf had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Emerging, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Emerging's Downside Deviation of 0.8323, mean deviation of 0.5925, and Market Risk Adjusted Performance of 0.1527 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The entity maintains a market beta of 0.77, which attests to possible diversification benefits within a given portfolio. 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 | 0.52 |
Modest predictability
WisdomTree Emerging Markets has modest predictability. Overlapping area represents the amount of predictability between WisdomTree Emerging time series from 1st of May 2022 to 26th of April 2023 and 26th of April 2023 to 20th of April 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 0.52 indicates that about 52.0% of current WisdomTree Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 4.1 |
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 |
Pair Trading with WisdomTree Emerging
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 Emerging 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 Emerging will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.97 | VWO | Vanguard FTSE Emerging Sell-off Trend | PairCorr |
| 0.97 | IEMG | iShares Core MSCI | PairCorr |
| 0.93 | EEM | iShares MSCI Emerging Potential Growth | PairCorr |
| 0.93 | SPEM | SPDR Portfolio Emerging | PairCorr |
| 0.97 | FNDE | Schwab Fundamental | PairCorr |
Moving against WisdomTree Etf
| 0.84 | WTID | UBS ETRACS | PairCorr |
The ability to find closely correlated positions to WisdomTree Emerging 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 Emerging 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 Emerging - 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 Emerging Markets to buy it.
The correlation of WisdomTree Emerging 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 Emerging moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Emerging 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 Emerging 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 WisdomTree Emerging Correlation, WisdomTree Emerging Volatility and WisdomTree Emerging Alpha and Beta module to complement your research on WisdomTree Emerging. Note that the WisdomTree Emerging information on this page should be used as a complementary analysis to other WisdomTree Emerging's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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.