Wisdomtree China Ex State Owned Etf Market Value
| CXSE Etf | USD 30.61 0.86 2.89% |
| Symbol | WisdomTree |
The market value of WisdomTree China 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 China's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree China'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 China's market value can be influenced by many factors that don't directly affect WisdomTree China'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 China's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree China is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree China'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 China '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 China'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 China.
| 08/30/2024 |
| 11/28/2024 |
If you would invest 0.00 in WisdomTree China on August 30, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree China ex State Owned or generate 0.0% return on investment in WisdomTree China over 90 days. WisdomTree China is related to or competes with Global X, WisdomTree Emerging, Invesco China, IShares MSCI, and KraneShares MSCI. Under normal circumstances, at least 80 percent of the funds total assets will be invested in component securities of th... More
WisdomTree China 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 China'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 China ex State Owned upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.0453 | |||
| Maximum Drawdown | 20.12 | |||
| Value At Risk | (3.92) | |||
| Potential Upside | 5.45 |
WisdomTree China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree China's standard deviation. In reality, there are many statistical measures that can use WisdomTree China historical prices to predict the future WisdomTree China's volatility.| Risk Adjusted Performance | 0.0728 | |||
| Jensen Alpha | 0.3345 | |||
| Total Risk Alpha | (0.22) | |||
| Sortino Ratio | 0.0503 | |||
| Treynor Ratio | (0.39) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree China'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 China Backtested Returns
WisdomTree China appears to be not too volatile, given 3 months investment horizon. WisdomTree China shows Sharpe Ratio of 0.0936, which attests that the etf had a 0.0936% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WisdomTree China, which you can use to evaluate the volatility of the etf. Please utilize WisdomTree China's Market Risk Adjusted Performance of (0.38), downside deviation of 2.84, and Mean Deviation of 2.11 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of -0.66, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WisdomTree China are expected to decrease at a much lower rate. During the bear market, WisdomTree China is likely to outperform the market.
Auto-correlation | -0.59 |
Good reverse predictability
WisdomTree China ex State Owned has good reverse predictability. Overlapping area represents the amount of predictability between WisdomTree China time series from 30th of August 2024 to 14th of October 2024 and 14th of October 2024 to 28th of November 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 China price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current WisdomTree China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
WisdomTree China lagged returns against current returns
Autocorrelation, which is WisdomTree China 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 China's etf expected returns. We can calculate the autocorrelation of WisdomTree China returns to help us make a trade decision. For example, suppose you find that WisdomTree China 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 China 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 China etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree China etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree China etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree China Lagged Returns
When evaluating WisdomTree China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree China etf have on its future price. WisdomTree China 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 China autocorrelation shows the relationship between WisdomTree China etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree China ex State Owned.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether WisdomTree China is a strong investment it is important to analyze WisdomTree China's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WisdomTree China's future performance. For an informed investment choice regarding WisdomTree Etf, refer to the following important reports:Check out WisdomTree China Correlation, WisdomTree China Volatility and WisdomTree China Alpha and Beta module to complement your research on WisdomTree China. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
WisdomTree China 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.