Wisdomtree Mortgage Plus Etf Current Valuation
| MTGP Etf | USD 43.89 0.16 0.36% |
Valuation analysis of WisdomTree Mortgage Plus helps investors to measure WisdomTree Mortgage's intrinsic value by examining its available valuation indicators, including the cash flow records, the balance sheet account changes and income statement patterns.
Fairly Valued
Today
Please note that WisdomTree Mortgage's price fluctuation is very steady at this time. Calculation of the real value of WisdomTree Mortgage Plus is based on 3 months time horizon. Increasing WisdomTree Mortgage's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
WisdomTree Mortgage's intrinsic value may or may not be the same as its current market price of 43.89, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 43.89 | Real 44.08 | Hype 44.04 | Naive 44.03 |
The intrinsic value of WisdomTree Mortgage's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence WisdomTree Mortgage's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of WisdomTree Mortgage Plus helps investors to forecast how WisdomTree etf's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of WisdomTree Mortgage more accurately as focusing exclusively on WisdomTree Mortgage's fundamentals will not take into account other important factors: WisdomTree Mortgage Plus ETF Current Valuation Analysis
WisdomTree Mortgage's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
| Competition |
In accordance with the recently published financial statements, WisdomTree Mortgage Plus has a Current Valuation of 0.0. This indicator is about the same for the WisdomTree average (which is currently at 0.0) family and about the same as Intermediate Core Bond (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
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WisdomTree Fundamentals
| Beta | 0.94 | |||
| Total Asset | 21.76 M | |||
| One Year Return | 6.80 % | |||
| Three Year Return | (1.40) % | |||
| Net Asset | 21.76 M | |||
| Last Dividend Paid | 0.0925 |
About WisdomTree Mortgage Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze WisdomTree Mortgage Plus's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of WisdomTree Mortgage using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of WisdomTree Mortgage Plus based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with WisdomTree Mortgage
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 Mortgage 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 Mortgage will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.99 | BND | Vanguard Total Bond | PairCorr |
| 0.99 | AGG | iShares Core Aggregate | PairCorr |
| 0.95 | BIV | Vanguard Intermediate Sell-off Trend | PairCorr |
| 0.95 | SPAB | SPDR Portfolio Aggregate Sell-off Trend | PairCorr |
| 0.99 | EAGG | iShares ESG Aggregate | PairCorr |
Moving against WisdomTree Etf
| 0.89 | NVDX | T Rex 2X Buyout Trend | PairCorr |
| 0.88 | NVDL | GraniteShares 15x Long Buyout Trend | PairCorr |
| 0.87 | NVDU | Direxion Daily NVDA | PairCorr |
| 0.77 | USD | ProShares Ultra Semi | PairCorr |
| 0.58 | FNGU | MicroSectors FANG Index Buyout Trend | PairCorr |
The ability to find closely correlated positions to WisdomTree Mortgage 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 Mortgage 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 Mortgage - 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 Mortgage Plus to buy it.
The correlation of WisdomTree Mortgage 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 Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Mortgage Plus 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 Mortgage 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 Mortgage Piotroski F Score and WisdomTree Mortgage Altman Z Score analysis. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of WisdomTree Mortgage Plus 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 Mortgage's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Mortgage'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 Mortgage's market value can be influenced by many factors that don't directly affect WisdomTree Mortgage'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 Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Mortgage'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.