Wealthsimple Shariah World Etf Market Value
| WSHR Etf | 31.72 0.12 0.38% |
| Symbol | Wealthsimple |
Please note, there is a significant difference between Wealthsimple Shariah's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wealthsimple Shariah is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wealthsimple Shariah'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.
Wealthsimple Shariah '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 Wealthsimple Shariah'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 Wealthsimple Shariah.
| 04/21/2025 |
| 07/20/2025 |
If you would invest 0.00 in Wealthsimple Shariah on April 21, 2025 and sell it all today you would earn a total of 0.00 from holding Wealthsimple Shariah World or generate 0.0% return on investment in Wealthsimple Shariah over 90 days. Wealthsimple Shariah is related to or competes with IShares SPTSX, IShares Core, IShares Core, BMO Aggregate, IShares Canadian, BMO SPTSX, and BMO SP. Wealthsimple Shariah is entity of Canada More
Wealthsimple Shariah 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 Wealthsimple Shariah'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 Wealthsimple Shariah World upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7339 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 3.13 | |||
| Value At Risk | (1.13) | |||
| Potential Upside | 1.6 |
Wealthsimple Shariah Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wealthsimple Shariah's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wealthsimple Shariah's standard deviation. In reality, there are many statistical measures that can use Wealthsimple Shariah historical prices to predict the future Wealthsimple Shariah's volatility.| Risk Adjusted Performance | 0.0963 | |||
| Jensen Alpha | 0.0684 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 6.9 |
Wealthsimple Shariah Backtested Returns
At this point, Wealthsimple Shariah is very steady. Wealthsimple Shariah shows Sharpe Ratio of 0.14, which attests that the etf had a 0.14 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Wealthsimple Shariah, which you can use to evaluate the volatility of the etf. Please check out Wealthsimple Shariah's Mean Deviation of 0.5727, market risk adjusted performance of 6.91, and Downside Deviation of 0.7339 to validate if the risk estimate we provide is consistent with the expected return of 0.0991%. The entity maintains a market beta of 0.0101, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wealthsimple Shariah's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wealthsimple Shariah is expected to be smaller as well.
Auto-correlation | 0.08 |
Virtually no predictability
Wealthsimple Shariah World has virtually no predictability. Overlapping area represents the amount of predictability between Wealthsimple Shariah time series from 21st of April 2025 to 5th of June 2025 and 5th of June 2025 to 20th of July 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wealthsimple Shariah price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Wealthsimple Shariah price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Wealthsimple Shariah lagged returns against current returns
Autocorrelation, which is Wealthsimple Shariah 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 Wealthsimple Shariah's etf expected returns. We can calculate the autocorrelation of Wealthsimple Shariah returns to help us make a trade decision. For example, suppose you find that Wealthsimple Shariah 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 |
Wealthsimple Shariah 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 Wealthsimple Shariah etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wealthsimple Shariah etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wealthsimple Shariah etf over time.
Current vs Lagged Prices |
| Timeline |
Wealthsimple Shariah Lagged Returns
When evaluating Wealthsimple Shariah's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wealthsimple Shariah etf have on its future price. Wealthsimple Shariah 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, Wealthsimple Shariah autocorrelation shows the relationship between Wealthsimple Shariah etf current value and its past values and can show if there is a momentum factor associated with investing in Wealthsimple Shariah World.
Regressed Prices |
| Timeline |
Pair Trading with Wealthsimple Shariah
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 Wealthsimple Shariah 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 Wealthsimple Shariah will appreciate offsetting losses from the drop in the long position's value.Moving together with Wealthsimple Etf
Moving against Wealthsimple Etf
The ability to find closely correlated positions to Wealthsimple Shariah could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wealthsimple Shariah 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 Wealthsimple Shariah - 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 Wealthsimple Shariah World to buy it.
The correlation of Wealthsimple Shariah 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 Wealthsimple Shariah moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wealthsimple Shariah 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 Wealthsimple Shariah 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.Other Information on Investing in Wealthsimple Etf
Wealthsimple Shariah financial ratios help investors to determine whether Wealthsimple Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wealthsimple with respect to the benefits of owning Wealthsimple Shariah security.