WisdomTree Aluminium (UK) Market Value
| LALU Etf | 2.16 0.01 0.46% |
| Symbol | WisdomTree |
WisdomTree Aluminium '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 Aluminium'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 Aluminium.
| 10/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in WisdomTree Aluminium on October 3, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Aluminium 2x or generate 0.0% return on investment in WisdomTree Aluminium over 60 days. WisdomTree Aluminium is related to or competes with WisdomTree Natural, WisdomTree Natural, Leverage Shares, WisdomTree Silver, Leverage Shares, WisdomTree Cocoa, and WisdomTree. WisdomTree Aluminium is entity of United Kingdom More
WisdomTree Aluminium 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 Aluminium'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 Aluminium 2x upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.81 | |||
| Information Ratio | 0.0107 | |||
| Maximum Drawdown | 13.85 | |||
| Value At Risk | (3.72) | |||
| Potential Upside | 4.88 |
WisdomTree Aluminium Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Aluminium's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Aluminium's standard deviation. In reality, there are many statistical measures that can use WisdomTree Aluminium historical prices to predict the future WisdomTree Aluminium's volatility.| Risk Adjusted Performance | 0.0498 | |||
| Jensen Alpha | 0.116 | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | 0.0118 | |||
| Treynor Ratio | 0.4586 |
WisdomTree Aluminium Backtested Returns
WisdomTree Aluminium appears to be very risky, given 3 months investment horizon. WisdomTree Aluminium shows Sharpe Ratio of 0.0738, which attests that the etf had a 0.0738% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Aluminium, which you can use to evaluate the volatility of the etf. Please utilize WisdomTree Aluminium's Market Risk Adjusted Performance of 0.4686, mean deviation of 2.46, and Downside Deviation of 2.81 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Aluminium's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Aluminium is expected to be smaller as well.
Auto-correlation | 0.12 |
Insignificant predictability
WisdomTree Aluminium 2x has insignificant predictability. Overlapping area represents the amount of predictability between WisdomTree Aluminium time series from 3rd of October 2024 to 2nd of November 2024 and 2nd 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 Aluminium price movement. The serial correlation of 0.12 indicates that less than 12.0% of current WisdomTree Aluminium price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WisdomTree Aluminium lagged returns against current returns
Autocorrelation, which is WisdomTree Aluminium 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 Aluminium's etf expected returns. We can calculate the autocorrelation of WisdomTree Aluminium returns to help us make a trade decision. For example, suppose you find that WisdomTree Aluminium 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 Aluminium 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 Aluminium etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Aluminium etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Aluminium etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Aluminium Lagged Returns
When evaluating WisdomTree Aluminium's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Aluminium etf have on its future price. WisdomTree Aluminium 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 Aluminium autocorrelation shows the relationship between WisdomTree Aluminium etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Aluminium 2x.
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 Aluminium 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 Aluminium security.