WisdomTree STOXX's market value is the price at which a share of WisdomTree STOXX trades on a public exchange. It measures the collective expectations of WisdomTree STOXX Europe investors about its performance. WisdomTree STOXX is trading at 20.22 as of the 12th of December 2024, a 1.81 percent increase since the beginning of the trading day. The etf's lowest day price was 19.97. With this module, you can estimate the performance of a buy and hold strategy of WisdomTree STOXX Europe and determine expected loss or profit from investing in WisdomTree STOXX over a given investment horizon. Check out Trending Equities 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 STOXX '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 STOXX'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 STOXX.
0.00
11/12/2024
No Change 0.00
0.0
In 31 days
12/12/2024
0.00
If you would invest 0.00 in WisdomTree STOXX on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree STOXX Europe or generate 0.0% return on investment in WisdomTree STOXX over 30 days.
WisdomTree STOXX 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 STOXX'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 STOXX Europe 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 STOXX's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree STOXX's standard deviation. In reality, there are many statistical measures that can use WisdomTree STOXX historical prices to predict the future WisdomTree STOXX's volatility.
WisdomTree STOXX Europe shows Sharpe Ratio of -0.0061, which attests that the etf had a -0.0061% return per unit of risk over the last 3 months. WisdomTree STOXX Europe exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree STOXX's Market Risk Adjusted Performance of 0.0727, mean deviation of 1.94, and Downside Deviation of 2.95 to validate the risk estimate we provide. The entity maintains a market beta of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree STOXX's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree STOXX is expected to be smaller as well.
Auto-correlation
-0.5
Modest reverse predictability
WisdomTree STOXX Europe has modest reverse predictability. Overlapping area represents the amount of predictability between WisdomTree STOXX time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 STOXX Europe price movement. The serial correlation of -0.5 indicates that about 50.0% of current WisdomTree STOXX price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.5
Spearman Rank Test
-0.33
Residual Average
0.0
Price Variance
1.12
WisdomTree STOXX Europe lagged returns against current returns
Autocorrelation, which is WisdomTree STOXX 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 STOXX's etf expected returns. We can calculate the autocorrelation of WisdomTree STOXX returns to help us make a trade decision. For example, suppose you find that WisdomTree STOXX 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 STOXX 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 STOXX etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree STOXX etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree STOXX etf over time.
Current vs Lagged Prices
Timeline
WisdomTree STOXX Lagged Returns
When evaluating WisdomTree STOXX's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree STOXX etf have on its future price. WisdomTree STOXX 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 STOXX autocorrelation shows the relationship between WisdomTree STOXX etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree STOXX Europe.
Regressed Prices
Timeline
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