Wisdomtree Europe Hedged Etf Market Value

EUSC Etf  USD 38.45  0.40  1.05%   
WisdomTree Europe's market value is the price at which a share of WisdomTree Europe trades on a public exchange. It measures the collective expectations of WisdomTree Europe Hedged investors about its performance. WisdomTree Europe is trading at 38.45 as of the 28th of March 2024, a 1.05 percent increase since the beginning of the trading day. The etf's open price was 38.05.
With this module, you can estimate the performance of a buy and hold strategy of WisdomTree Europe Hedged and determine expected loss or profit from investing in WisdomTree Europe over a given investment horizon. Check out WisdomTree Europe Correlation, WisdomTree Europe Volatility and WisdomTree Europe Alpha and Beta module to complement your research on WisdomTree Europe.
Symbol

The market value of WisdomTree Europe Hedged 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 Europe's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Europe'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 Europe's market value can be influenced by many factors that don't directly affect WisdomTree Europe'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 Europe's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Europe is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Europe'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 Europe '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 Europe'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 Europe.
0.00
07/07/2022
No Change 0.00  0.0 
In 1 year 8 months and 22 days
03/28/2024
0.00
If you would invest  0.00  in WisdomTree Europe on July 7, 2022 and sell it all today you would earn a total of 0.00 from holding WisdomTree Europe Hedged or generate 0.0% return on investment in WisdomTree Europe over 630 days. WisdomTree Europe is related to or competes with Davis Select, Dimensional ETF, Principal Value, Vanguard Small, Vanguard Mid, SPDR SP, and SPDR SP. Under normal circumstances, at least 80 percent of the funds total assets will be invested in component securities of th... More

WisdomTree Europe 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 Europe'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 Europe Hedged upside and downside potential and time the market with a certain degree of confidence.

WisdomTree Europe Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Europe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Europe's standard deviation. In reality, there are many statistical measures that can use WisdomTree Europe historical prices to predict the future WisdomTree Europe's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Europe'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.
Hype
Prediction
LowEstimatedHigh
37.8838.4539.02
Details
Intrinsic
Valuation
LowRealHigh
37.4838.0538.62
Details
Naive
Forecast
LowNextHigh
38.0738.6439.22
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
37.9438.3238.69
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as WisdomTree Europe. Your research has to be compared to or analyzed against WisdomTree Europe's peers to derive any actionable benefits. When done correctly, WisdomTree Europe's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in WisdomTree Europe Hedged.

WisdomTree Europe Hedged Backtested Returns

We consider WisdomTree Europe very steady. WisdomTree Europe Hedged shows Sharpe Ratio of 0.19, which attests that the etf had a 0.19% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Europe Hedged, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Europe's Market Risk Adjusted Performance of 0.142, downside deviation of 0.5658, and Mean Deviation of 0.4305 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The entity maintains a market beta of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Europe's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Europe is expected to be smaller as well.

Auto-correlation

    
  0.69  

Good predictability

WisdomTree Europe Hedged has good predictability. Overlapping area represents the amount of predictability between WisdomTree Europe time series from 7th of July 2022 to 18th of May 2023 and 18th of May 2023 to 28th of March 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 Europe Hedged price movement. The serial correlation of 0.69 indicates that around 69.0% of current WisdomTree Europe price fluctuation can be explain by its past prices.
Correlation Coefficient0.69
Spearman Rank Test0.72
Residual Average0.0
Price Variance2.64

WisdomTree Europe Hedged lagged returns against current returns

Autocorrelation, which is WisdomTree Europe 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 Europe's etf expected returns. We can calculate the autocorrelation of WisdomTree Europe returns to help us make a trade decision. For example, suppose you find that WisdomTree Europe 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 Europe 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 Europe etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Europe etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Europe etf over time.
   Current vs Lagged Prices   
       Timeline  

WisdomTree Europe Lagged Returns

When evaluating WisdomTree Europe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Europe etf have on its future price. WisdomTree Europe 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 Europe autocorrelation shows the relationship between WisdomTree Europe etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Europe Hedged.
   Regressed Prices   
       Timeline  

Pair Trading with WisdomTree Europe

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 Europe 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 Europe will appreciate offsetting losses from the drop in the long position's value.

Moving together with WisdomTree Etf

  0.88VGK Vanguard FTSE EuropePairCorr
  0.92EZU IShares MSCI EurozonePairCorr
  0.93BBEU JPMorgan BetaBuildersPairCorr
  0.94IEUR IShares Core MSCIPairCorr
  0.91FEZ SPDR EURO STOXXPairCorr
The ability to find closely correlated positions to WisdomTree Europe 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 Europe 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 Europe - 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 Europe Hedged to buy it.
The correlation of WisdomTree Europe 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 Europe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Europe Hedged 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 Europe 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.
Pair CorrelationCorrelation Matching
When determining whether WisdomTree Europe Hedged is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if WisdomTree Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Wisdomtree Europe Hedged Etf. Highlighted below are key reports to facilitate an investment decision about Wisdomtree Europe Hedged Etf:
Check out WisdomTree Europe Correlation, WisdomTree Europe Volatility and WisdomTree Europe Alpha and Beta module to complement your research on WisdomTree Europe.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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When running WisdomTree Europe's price analysis, check to measure WisdomTree Europe's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy WisdomTree Europe is operating at the current time. Most of WisdomTree Europe's value examination focuses on studying past and present price action to predict the probability of WisdomTree Europe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WisdomTree Europe's price. Additionally, you may evaluate how the addition of WisdomTree Europe to your portfolios can decrease your overall portfolio volatility.
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WisdomTree Europe 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.
A focus of WisdomTree Europe technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of WisdomTree Europe trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...