WisdomTree Carbon's market value is the price at which a share of WisdomTree Carbon trades on a public exchange. It measures the collective expectations of WisdomTree Carbon investors about its performance. WisdomTree Carbon is trading at 22.14 as of the 25th of December 2024, a 2.69% increase since the beginning of the trading day. The etf's lowest day price was 21.8. With this module, you can estimate the performance of a buy and hold strategy of WisdomTree Carbon and determine expected loss or profit from investing in WisdomTree Carbon over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
WisdomTree
WisdomTree Carbon '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 Carbon'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 Carbon.
0.00
11/25/2024
No Change 0.00
0.0
In 30 days
12/25/2024
0.00
If you would invest 0.00 in WisdomTree Carbon on November 25, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Carbon or generate 0.0% return on investment in WisdomTree Carbon over 30 days.
WisdomTree Carbon 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 Carbon'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 Carbon upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Carbon's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Carbon's standard deviation. In reality, there are many statistical measures that can use WisdomTree Carbon historical prices to predict the future WisdomTree Carbon's volatility.
At this point, WisdomTree Carbon is very steady. WisdomTree Carbon shows Sharpe Ratio of 0.0334, which attests that the etf had a 0.0334% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Carbon, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Carbon's Downside Deviation of 1.67, mean deviation of 1.65, and Market Risk Adjusted Performance of 0.4187 to validate if the risk estimate we provide is consistent with the expected return of 0.0686%. The entity maintains a market beta of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Carbon's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Carbon is expected to be smaller as well.
Auto-correlation
0.06
Virtually no predictability
WisdomTree Carbon has virtually no predictability. Overlapping area represents the amount of predictability between WisdomTree Carbon time series from 25th of November 2024 to 10th of December 2024 and 10th of December 2024 to 25th 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 Carbon price movement. The serial correlation of 0.06 indicates that barely 6.0% of current WisdomTree Carbon price fluctuation can be explain by its past prices.
Correlation Coefficient
0.06
Spearman Rank Test
0.52
Residual Average
0.0
Price Variance
0.48
WisdomTree Carbon lagged returns against current returns
Autocorrelation, which is WisdomTree Carbon 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 Carbon's etf expected returns. We can calculate the autocorrelation of WisdomTree Carbon returns to help us make a trade decision. For example, suppose you find that WisdomTree Carbon 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 Carbon 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 Carbon etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Carbon etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Carbon etf over time.
Current vs Lagged Prices
Timeline
WisdomTree Carbon Lagged Returns
When evaluating WisdomTree Carbon's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Carbon etf have on its future price. WisdomTree Carbon 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 Carbon autocorrelation shows the relationship between WisdomTree Carbon etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Carbon.
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.