WGRO Financial Statements From 2010 to 2024
| WGRO Etf | USD 22.11 0.06 0.27% |
Check WGRO financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among WGRO's main balance sheet or income statement drivers, such as , as well as many indicators such as . WGRO financial statements analysis is a perfect complement when working with WGRO Valuation or Volatility modules.
WGRO |
WGRO ETF One Year Return Analysis
WGRO's One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
More About One Year Return | All Equity Analysis
One Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Current WGRO One Year Return | (29.80) % |
Most of WGRO's fundamental indicators, such as One Year Return, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, WGRO is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
CompetitionBased on the recorded statements, WGRO has an One Year Return of -29.8%. This is much lower than that of the Metals & Mining family and significantly lower than that of the Materials category. The one year return for all United States etfs is notably higher than that of the company.
About WGRO Financial Statements
WGRO investors utilize fundamental indicators, such as revenue or net income, to predict how WGRO Etf might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
The fund employs a passive management or indexing investment approach designed to track the performance of the index. Wisdomtree is traded on NASDAQ Exchange in the United States.
Pair Trading with WGRO
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if WGRO position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WGRO will appreciate offsetting losses from the drop in the long position's value.Moving together with WGRO Etf
Moving against WGRO Etf
| 0.9 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.81 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.8 | ERO | Ero Copper Corp | PairCorr |
| 0.4 | INTL | Main International ETF | PairCorr |
| 0.37 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
The ability to find closely correlated positions to WGRO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WGRO when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WGRO - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WGRO to buy it.
The correlation of WGRO is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WGRO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WGRO moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for WGRO can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 metropolitan statistical area. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
The market value of WGRO is measured differently than its book value, which is the value of WGRO that is recorded on the company's balance sheet. Investors also form their own opinion of WGRO's value that differs from its market value or its book value, called intrinsic value, which is WGRO's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because WGRO's market value can be influenced by many factors that don't directly affect WGRO's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between WGRO's value and its price as these two are different measures arrived at by different means. Investors typically determine if WGRO is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WGRO's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.