Wisdomtree Bianco Total Etf Total Asset
| WTBN Etf | 25.41 0.08 0.31% |
WisdomTree Bianco Total fundamentals help investors to digest information that contributes to WisdomTree Bianco's financial success or failures. It also enables traders to predict the movement of WisdomTree Etf. The fundamental analysis module provides a way to measure WisdomTree Bianco's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to WisdomTree Bianco etf.
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WisdomTree Bianco Total ETF Total Asset Analysis
WisdomTree Bianco's Total Asset is everything that a business owns. It is the sum of current and long-term assets owned by a firm at a given time. These assets are listed on a balance sheet and typically valued based on their purchasing prices, not the current market value.
Total Asset is typically divided on the balance sheet on current asset and long-term asset. Long-term is the value of company property and other capital assets that are expected to be useable for more than one year. Long term assets are reported net of depreciation. On the other hand current assets are assets that are expected to be sold or converted to cash as part of normal business operation.
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Based on the latest financial disclosure, WisdomTree Bianco Total has a Total Asset of 0.0. This indicator is about the same for the 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).
WisdomTree Total Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses WisdomTree Bianco's direct or indirect competition against its Total Asset to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of WisdomTree Bianco could also be used in its relative valuation, which is a method of valuing WisdomTree Bianco by comparing valuation metrics of similar companies.WisdomTree Bianco is currently under evaluation in total asset as compared to similar ETFs.
WisdomTree Fundamentals
| Number Of Shares Shorted | 452 | |||
| Annual Yield | 0.0003 % |
About WisdomTree Bianco Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze WisdomTree Bianco Total's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of WisdomTree Bianco using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of WisdomTree Bianco Total 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 Bianco
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 Bianco 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 Bianco will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.98 | BND | Vanguard Total Bond | PairCorr |
| 0.98 | AGG | iShares Core Aggregate | PairCorr |
| 0.93 | BIV | Vanguard Intermediate Sell-off Trend | PairCorr |
| 0.95 | SPAB | SPDR Portfolio Aggregate Sell-off Trend | PairCorr |
| 0.98 | EAGG | iShares ESG Aggregate | PairCorr |
Moving against WisdomTree Etf
| 0.86 | NVDL | GraniteShares 15x Long Buyout Trend | PairCorr |
| 0.86 | NVDX | T Rex 2X Buyout Trend | PairCorr |
| 0.84 | NVDU | Direxion Daily NVDA | PairCorr |
| 0.78 | USD | ProShares Ultra Semi | PairCorr |
| 0.43 | FNGU | MicroSectors FANG Index Buyout Trend | PairCorr |
The ability to find closely correlated positions to WisdomTree Bianco 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 Bianco 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 Bianco - 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 Bianco Total to buy it.
The correlation of WisdomTree Bianco 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 Bianco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Bianco Total 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 Bianco 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 Bianco Piotroski F Score and WisdomTree Bianco Altman Z Score analysis. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
The market value of WisdomTree Bianco Total 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 Bianco's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Bianco'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 Bianco's market value can be influenced by many factors that don't directly affect WisdomTree Bianco'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 Bianco's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Bianco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Bianco'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.