WisdomTree Short (UK) Market Value
| SGBP Etf | 61.44 0.13 0.21% |
| Symbol | WisdomTree |
WisdomTree Short '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 Short'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 Short.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in WisdomTree Short on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Short GBP or generate 0.0% return on investment in WisdomTree Short over 180 days. WisdomTree Short is related to or competes with WisdomTree Zinc, WisdomTree Brent, WisdomTree Aluminium, WisdomTree Enhanced, WisdomTree Gold, WisdomTree WTI, and WisdomTree Issuer. WisdomTree Short is entity of United Kingdom More
WisdomTree Short 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 Short'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 Short GBP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4147 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.11 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.9839 |
WisdomTree Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Short's standard deviation. In reality, there are many statistical measures that can use WisdomTree Short historical prices to predict the future WisdomTree Short's volatility.| Risk Adjusted Performance | 0.1063 | |||
| Jensen Alpha | 0.0591 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | (1.82) |
WisdomTree Short GBP Backtested Returns
Currently, WisdomTree Short GBP is very steady. WisdomTree Short GBP shows Sharpe Ratio of 0.14, which attests that the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Short GBP, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Short's Downside Deviation of 0.4147, market risk adjusted performance of (1.81), and Mean Deviation of 0.3272 to validate if the risk estimate we provide is consistent with the expected return of 0.0599%. The entity maintains a market beta of -0.0303, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Short are expected to decrease at a much lower rate. During the bear market, WisdomTree Short is likely to outperform the market.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
WisdomTree Short GBP has almost perfect reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Short time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 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 Short GBP price movement. The serial correlation of -0.71 indicates that around 71.0% of current WisdomTree Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.4 |
WisdomTree Short GBP lagged returns against current returns
Autocorrelation, which is WisdomTree Short 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 Short's etf expected returns. We can calculate the autocorrelation of WisdomTree Short returns to help us make a trade decision. For example, suppose you find that WisdomTree Short 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 Short 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 Short etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Short etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Short etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Short Lagged Returns
When evaluating WisdomTree Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Short etf have on its future price. WisdomTree Short 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 Short autocorrelation shows the relationship between WisdomTree Short etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Short GBP.
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 Short 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 Short security.