WisdomTree Zinc (UK) Market Value
| ZINC Etf | 10.20 0.15 1.49% |
| Symbol | WisdomTree |
WisdomTree Zinc '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 Zinc'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 Zinc.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in WisdomTree Zinc on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Zinc or generate 0.0% return on investment in WisdomTree Zinc over 210 days. WisdomTree Zinc is related to or competes with Vanguard FTSE, Leverage Shares, Amundi Index, Amundi Index, Albion Venture, Leverage Shares, and Leverage Shares. WisdomTree Zinc is entity of United Kingdom More
WisdomTree Zinc 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 Zinc'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 Zinc upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.67 | |||
| Value At Risk | (2.62) | |||
| Potential Upside | 2.38 |
WisdomTree Zinc Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Zinc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Zinc's standard deviation. In reality, there are many statistical measures that can use WisdomTree Zinc historical prices to predict the future WisdomTree Zinc's volatility.| Risk Adjusted Performance | 0.0642 | |||
| Jensen Alpha | 0.119 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (12.39) |
WisdomTree Zinc Backtested Returns
Currently, WisdomTree Zinc is not too volatile. WisdomTree Zinc shows Sharpe Ratio of 0.0974, which attests that the etf had a 0.0974% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Zinc, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Zinc's Mean Deviation of 1.31, downside deviation of 1.72, and Market Risk Adjusted Performance of (12.38) to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The entity maintains a market beta of -0.0095, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Zinc are expected to decrease at a much lower rate. During the bear market, WisdomTree Zinc is likely to outperform the market.
Auto-correlation | -0.41 |
Modest reverse predictability
WisdomTree Zinc has modest reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Zinc time series from 6th of May 2024 to 19th of August 2024 and 19th of August 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 Zinc price movement. The serial correlation of -0.41 indicates that just about 41.0% of current WisdomTree Zinc price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.41 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
WisdomTree Zinc lagged returns against current returns
Autocorrelation, which is WisdomTree Zinc 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 Zinc's etf expected returns. We can calculate the autocorrelation of WisdomTree Zinc returns to help us make a trade decision. For example, suppose you find that WisdomTree Zinc 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 Zinc 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 Zinc etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Zinc etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Zinc etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Zinc Lagged Returns
When evaluating WisdomTree Zinc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Zinc etf have on its future price. WisdomTree Zinc 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 Zinc autocorrelation shows the relationship between WisdomTree Zinc etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Zinc.
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 Zinc 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 Zinc security.