WisdomTree Gold (UK) Market Value
| 3GOS Etf | 9.09 0.20 2.15% |
| Symbol | WisdomTree |
WisdomTree Gold '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 Gold'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 Gold.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in WisdomTree Gold on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Gold 3x or generate 0.0% return on investment in WisdomTree Gold over 30 days. WisdomTree Gold is related to or competes with WisdomTree Natural, WisdomTree Natural, Leverage Shares, WisdomTree Silver, Leverage Shares, WisdomTree Cocoa, and WisdomTree. WisdomTree Gold is entity of United Kingdom More
WisdomTree Gold 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 Gold'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 Gold 3x upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 13.28 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 4.74 |
WisdomTree Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Gold's standard deviation. In reality, there are many statistical measures that can use WisdomTree Gold historical prices to predict the future WisdomTree Gold's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.26) | |||
| Total Risk Alpha | (0.69) | |||
| Treynor Ratio | (2.12) |
WisdomTree Gold 3x Backtested Returns
WisdomTree Gold 3x shows Sharpe Ratio of -0.1, which attests that the etf had a -0.1% return per unit of risk over the last 3 months. WisdomTree Gold 3x exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Gold's Mean Deviation of 1.99, standard deviation of 2.7, and Market Risk Adjusted Performance of (2.11) to validate the risk estimate we provide. The entity maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Gold is expected to be smaller as well.
Auto-correlation | -0.18 |
Insignificant reverse predictability
WisdomTree Gold 3x has insignificant reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Gold time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd of December 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 Gold 3x price movement. The serial correlation of -0.18 indicates that over 18.0% of current WisdomTree Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
WisdomTree Gold 3x lagged returns against current returns
Autocorrelation, which is WisdomTree Gold 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 Gold's etf expected returns. We can calculate the autocorrelation of WisdomTree Gold returns to help us make a trade decision. For example, suppose you find that WisdomTree Gold 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 Gold 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 Gold etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Gold etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Gold etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Gold Lagged Returns
When evaluating WisdomTree Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Gold etf have on its future price. WisdomTree Gold 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 Gold autocorrelation shows the relationship between WisdomTree Gold etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Gold 3x.
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.Other Information on Investing in WisdomTree Etf
WisdomTree Gold financial ratios help investors to determine whether WisdomTree 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 WisdomTree with respect to the benefits of owning WisdomTree Gold security.