WisdomTree (UK) Market Value
| 3ULS Etf | 1,269 13.75 1.07% |
| Symbol | WisdomTree |
WisdomTree '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'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.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in WisdomTree on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding WisdomTree SP 500 or generate 0.0% return on investment in WisdomTree over 720 days. WisdomTree is related to or competes with WisdomTree Zinc, WisdomTree Brent, WisdomTree Aluminium, WisdomTree Enhanced, WisdomTree Gold, WisdomTree WTI, and WisdomTree Issuer. WisdomTree is entity of United Kingdom. It is traded as Etf on LSE exchange. More
WisdomTree 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'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 SP 500 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 13.06 | |||
| Value At Risk | (4.09) | |||
| Potential Upside | 3.75 |
WisdomTree Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree's standard deviation. In reality, there are many statistical measures that can use WisdomTree historical prices to predict the future WisdomTree's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.66) | |||
| Treynor Ratio | 0.3029 |
WisdomTree SP 500 Backtested Returns
WisdomTree SP 500 shows Sharpe Ratio of -0.12, which attests that the etf had a -0.12% return per unit of risk over the last 3 months. WisdomTree SP 500 exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree's Standard Deviation of 2.41, market risk adjusted performance of 0.3129, and Mean Deviation of 1.69 to validate the risk estimate we provide. The entity maintains a market beta of -0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WisdomTree are expected to decrease at a much lower rate. During the bear market, WisdomTree is likely to outperform the market.
Auto-correlation | 0.77 |
Good predictability
WisdomTree SP 500 has good predictability. Overlapping area represents the amount of predictability between WisdomTree time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 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 SP 500 price movement. The serial correlation of 0.77 indicates that around 77.0% of current WisdomTree price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 144.5 K |
WisdomTree SP 500 lagged returns against current returns
Autocorrelation, which is WisdomTree 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's etf expected returns. We can calculate the autocorrelation of WisdomTree returns to help us make a trade decision. For example, suppose you find that WisdomTree 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Lagged Returns
When evaluating WisdomTree's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree etf have on its future price. WisdomTree 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 autocorrelation shows the relationship between WisdomTree etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree SP 500.
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 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 security.