Wisdomtree Floating Rate Etf Beta
| USFR Etf | USD 50.45 0.02 0.04% |
WisdomTree Floating Rate fundamentals help investors to digest information that contributes to WisdomTree Floating's financial success or failures. It also enables traders to predict the movement of WisdomTree Etf. The fundamental analysis module provides a way to measure WisdomTree Floating's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to WisdomTree Floating etf.
WisdomTree |
WisdomTree Floating Rate ETF Beta Analysis
WisdomTree Floating's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current WisdomTree Floating Beta | -0.01 |
Most of WisdomTree Floating's fundamental indicators, such as Beta, 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, WisdomTree Floating Rate is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, WisdomTree Floating Rate has a Beta of -0.01. This is much lower than that of the WisdomTree family and significantly lower than that of the Ultrashort Bond category. The beta for all United States etfs is notably higher than that of the company.
WisdomTree Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses WisdomTree Floating's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of WisdomTree Floating could also be used in its relative valuation, which is a method of valuing WisdomTree Floating by comparing valuation metrics of similar companies.WisdomTree Floating is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, returns on owning WisdomTree Floating are expected to decrease at a much lower rate. During the bear market, WisdomTree Floating is likely to outperform the market.
WisdomTree Fundamentals
| Number Of Employees | 283 | |||
| Beta | -0.01 | |||
| Total Asset | 9.6 B | |||
| One Year Return | 5.30 % | |||
| Three Year Return | 4.00 % | |||
| Five Year Return | 2.50 % | |||
| Ten Year Return | 1.80 % | |||
| Net Asset | 9.6 B | |||
| Last Dividend Paid | 0.003 |
About WisdomTree Floating Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze WisdomTree Floating Rate's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of WisdomTree Floating using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of WisdomTree Floating Rate based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with WisdomTree Floating
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 WisdomTree Floating 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 WisdomTree Floating will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 1.0 | BIL | SPDR Bloomberg 1 | PairCorr |
| 0.99 | SHV | iShares Short Treasury | PairCorr |
| 0.95 | JPST | JPMorgan Ultra Short | PairCorr |
| 0.98 | ICSH | iShares Ultra Short | PairCorr |
Moving against WisdomTree Etf
| 0.92 | FNGD | MicroSectors FANG Index | PairCorr |
| 0.69 | HUM | Humana Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.41 | LUX | Tema ETF Trust | PairCorr |
| 0.32 | SMI | VanEck Vectors ETF | PairCorr |
The ability to find closely correlated positions to WisdomTree Floating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree Floating 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 WisdomTree Floating - 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 WisdomTree Floating Rate to buy it.
The correlation of WisdomTree Floating 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 WisdomTree Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Floating Rate 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 WisdomTree Floating 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 WisdomTree Floating Piotroski F Score and WisdomTree Floating Altman Z Score analysis. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
The market value of WisdomTree Floating Rate is measured differently than its book value, which is the value of WisdomTree that is recorded on the company's balance sheet. Investors also form their own opinion of WisdomTree Floating's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Floating'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 WisdomTree Floating's market value can be influenced by many factors that don't directly affect WisdomTree Floating'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 WisdomTree Floating's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Floating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Floating'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.