Wahed Ftse Usa Etf Market Value
| HLAL Etf | USD 54.32 0.64 1.19% |
| 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.
| 11/26/2024 |
| 12/26/2024 |
If you would invest 0.00 in Wahed FTSE on November 26, 2024 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 30 days. Wahed FTSE is related to or competes with SP Funds. 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 | 1.06 | |||
| Information Ratio | 0.0415 | |||
| Maximum Drawdown | 5.12 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.09 |
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 | 0.0769 | |||
| Jensen Alpha | 0.0443 | |||
| Total Risk Alpha | 0.0331 | |||
| Sortino Ratio | 0.0321 | |||
| Treynor Ratio | 0.0973 |
Wahed FTSE USA Backtested Returns
As of now, Wahed Etf is very steady. Wahed FTSE USA shows Sharpe Ratio of 0.0909, which attests that the etf had a 0.0909% return per unit of risk over the last 3 months. We have found thirty technical indicators for Wahed FTSE USA, which you can use to evaluate the volatility of the etf. Please check out Wahed FTSE's Downside Deviation of 1.06, market risk adjusted performance of 0.1073, and Mean Deviation of 0.5691 to validate if the risk estimate we provide is consistent with the expected return of 0.0762%. The entity maintains a market beta of 0.71, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wahed FTSE's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wahed FTSE is expected to be smaller as well.
Auto-correlation | -0.44 |
Modest reverse predictability
Wahed FTSE USA has modest reverse predictability. Overlapping area represents the amount of predictability between Wahed FTSE time series from 26th of November 2024 to 11th of December 2024 and 11th of December 2024 to 26th 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 Wahed FTSE USA price movement. The serial correlation of -0.44 indicates that just about 44.0% of current Wahed FTSE price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.44 | |
| Spearman Rank Test | -0.46 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
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. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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.