Wahed Ftse Usa Etf Market Value
| HLAL Etf | USD 46.37 0.27 0.58% |
| Symbol | Wahed |
The market value of Wahed FTSE USA is measured differently than its book value, which is the value of Wahed that is recorded on the company's balance sheet. Investors also form their own opinion of Wahed FTSE's value that differs from its market value or its book value, called intrinsic value, which is Wahed FTSE'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 Wahed FTSE's market value can be influenced by many factors that don't directly affect Wahed FTSE'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 Wahed FTSE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wahed FTSE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wahed FTSE'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.
Wahed FTSE '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 Wahed FTSE'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 Wahed FTSE.
| 10/22/2023 |
| 04/19/2024 |
If you would invest 0.00 in Wahed FTSE on October 22, 2023 and sell it all today you would earn a total of 0.00 from holding Wahed FTSE USA or generate 0.0% return on investment in Wahed FTSE over 180 days. Wahed FTSE is related to or competes with Dimensional Targeted, Dimensional World, and Dimensional Small. The index is composed of common stocks of large- and mid-capitalization U.S More
Wahed FTSE 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 Wahed FTSE'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 Wahed FTSE USA upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.822 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.29 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.17 |
Wahed FTSE Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wahed FTSE's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wahed FTSE's standard deviation. In reality, there are many statistical measures that can use Wahed FTSE historical prices to predict the future Wahed FTSE's volatility.| Risk Adjusted Performance | 0.0347 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0324 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wahed FTSE'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.
Wahed FTSE USA Backtested Returns
We consider Wahed FTSE very steady. Wahed FTSE USA shows Sharpe Ratio of 0.0145, which attests that the etf had a 0.0145% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Wahed FTSE USA, which you can use to evaluate the volatility of the etf. Please check out Wahed FTSE's Market Risk Adjusted Performance of 0.0424, downside deviation of 0.822, and Mean Deviation of 0.6215 to validate if the risk estimate we provide is consistent with the expected return of 0.0111%. The entity maintains a market beta of 0.96, which attests to possible diversification benefits within a given portfolio. Wahed FTSE returns are very sensitive to returns on the market. As the market goes up or down, Wahed FTSE is expected to follow.
Auto-correlation | 0.73 |
Good predictability
Wahed FTSE USA has good predictability. Overlapping area represents the amount of predictability between Wahed FTSE time series from 22nd of October 2023 to 20th of January 2024 and 20th of January 2024 to 19th 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 Wahed FTSE USA price movement. The serial correlation of 0.73 indicates that around 73.0% of current Wahed FTSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Wahed FTSE USA lagged returns against current returns
Autocorrelation, which is Wahed FTSE 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 Wahed FTSE's etf expected returns. We can calculate the autocorrelation of Wahed FTSE returns to help us make a trade decision. For example, suppose you find that Wahed FTSE 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 |
Wahed FTSE 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 Wahed FTSE etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wahed FTSE etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wahed FTSE etf over time.
Current vs Lagged Prices |
| Timeline |
Wahed FTSE Lagged Returns
When evaluating Wahed FTSE's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wahed FTSE etf have on its future price. Wahed FTSE 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, Wahed FTSE autocorrelation shows the relationship between Wahed FTSE etf current value and its past values and can show if there is a momentum factor associated with investing in Wahed FTSE USA.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Wahed FTSE Correlation, Wahed FTSE Volatility and Wahed FTSE Alpha and Beta module to complement your research on Wahed FTSE. Note that the Wahed FTSE USA information on this page should be used as a complementary analysis to other Wahed FTSE'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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Wahed FTSE 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.