Wisdomtree International Largecap Etf Market Value
| DOL Etf | USD 50.80 0.17 0.33% |
| Symbol | WisdomTree |
The market value of WisdomTree International 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 International's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree 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 WisdomTree International's market value can be influenced by many factors that don't directly affect WisdomTree 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 WisdomTree International's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree 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.
WisdomTree 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 WisdomTree 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 WisdomTree International.
| 01/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in WisdomTree International on January 26, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree International LargeCap or generate 0.0% return on investment in WisdomTree International over 90 days. WisdomTree International is related to or competes with Goldman Sachs, Hartford Multifactor, Hartford Multifactor, and John Hancock. The fund normally invests at least 95 percent of its total assets in component securities of the index and investments t... More
WisdomTree 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 WisdomTree 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 WisdomTree International LargeCap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6799 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 2.71 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.08 |
WisdomTree International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree International's standard deviation. In reality, there are many statistical measures that can use WisdomTree International historical prices to predict the future WisdomTree International's volatility.| Risk Adjusted Performance | 0.0829 | |||
| Jensen Alpha | 0.0084 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0879 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree International'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 International Backtested Returns
We consider WisdomTree International very steady. WisdomTree International shows Sharpe Ratio of 0.11, which attests that the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree International, which you can use to evaluate the volatility of the etf. Please check out WisdomTree International's Market Risk Adjusted Performance of 0.0979, mean deviation of 0.4941, and Downside Deviation of 0.6799 to validate if the risk estimate we provide is consistent with the expected return of 0.0718%. The entity maintains a market beta of 0.83, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree International's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree International is expected to be smaller as well.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
WisdomTree International LargeCap has almost perfect reverse predictability. Overlapping area represents the amount of predictability between WisdomTree International time series from 26th of January 2024 to 11th of March 2024 and 11th of March 2024 to 25th 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 International price movement. The serial correlation of -0.71 indicates that around 71.0% of current WisdomTree International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.45 |
WisdomTree International lagged returns against current returns
Autocorrelation, which is WisdomTree 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 WisdomTree International's etf expected returns. We can calculate the autocorrelation of WisdomTree International returns to help us make a trade decision. For example, suppose you find that WisdomTree 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 |
WisdomTree 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 WisdomTree International etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree International etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree International etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree International Lagged Returns
When evaluating WisdomTree International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree International etf have on its future price. WisdomTree 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, WisdomTree International autocorrelation shows the relationship between WisdomTree International etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree International LargeCap.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards WisdomTree International in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, WisdomTree International's short interest history, or implied volatility extrapolated from WisdomTree International options trading.
Pair Trading with WisdomTree 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 WisdomTree 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 WisdomTree International will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.97 | EFV | iShares MSCI EAFE | PairCorr |
| 0.98 | FNDF | Schwab Fundamental | PairCorr |
| 0.99 | VYMI | Vanguard International | PairCorr |
| 0.78 | IDV | iShares International Low Volatility | PairCorr |
| 0.93 | DFIV | Dimensional International | PairCorr |
The ability to find closely correlated positions to WisdomTree 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 WisdomTree 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 WisdomTree 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 WisdomTree International LargeCap to buy it.
The correlation of WisdomTree 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 WisdomTree International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree 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 WisdomTree 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 WisdomTree International Correlation, WisdomTree International Volatility and WisdomTree International Alpha and Beta module to complement your research on WisdomTree International. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
WisdomTree 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.