|WTDFA -- USA Index|| |
304.65 0.05 0.0164%
Wisdom Tree DEFA Trend Analysis
Use this graph to draw trend lines for Wisdom Tree DEFA Index. You can use it to identify possible trend reversals for Wisdom Tree as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Wisdom Tree price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Wisdom Tree Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Wisdom Tree DEFA Index applied against its price change over selected period. The best fit line has a slop of 0.68 %
which means Wisdom Tree DEFA Index will continue generating value for investors. It has 16 observation points and a regression sum of squares at 38.86, which is the sum of squared deviations for the predicted Wisdom Tree price change compared to its average price change.