WisdomTree Brent (UK) Market Value
| 3BRL Etf | 27.16 2.28 7.74% |
| Symbol | WisdomTree |
WisdomTree Brent '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 Brent'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 Brent.
| 01/31/2024 |
| 11/26/2024 |
If you would invest 0.00 in WisdomTree Brent on January 31, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Brent Crude or generate 0.0% return on investment in WisdomTree Brent over 300 days. WisdomTree Brent is related to or competes with WisdomTree NASDAQ, WisdomTree, Invesco Technology, Invesco Technology, Xtrackers, Xtrackers MSCI, and SSgA SPDR. WisdomTree Brent is entity of United Kingdom More
WisdomTree Brent 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 Brent'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 Brent Crude upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 28.57 | |||
| Value At Risk | (10.31) | |||
| Potential Upside | 8.47 |
WisdomTree Brent Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Brent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Brent's standard deviation. In reality, there are many statistical measures that can use WisdomTree Brent historical prices to predict the future WisdomTree Brent's volatility.| Risk Adjusted Performance | 0.0034 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.93) | |||
| Treynor Ratio | (0.07) |
WisdomTree Brent Crude Backtested Returns
WisdomTree Brent Crude shows Sharpe Ratio of -0.0388, which attests that the etf had a -0.0388% return per unit of risk over the last 3 months. WisdomTree Brent Crude exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Brent's Market Risk Adjusted Performance of (0.06), standard deviation of 5.65, and Mean Deviation of 4.31 to validate the risk estimate we provide. The entity maintains a market beta of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Brent's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Brent is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
WisdomTree Brent Crude has good reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Brent time series from 31st of January 2024 to 29th of June 2024 and 29th of June 2024 to 26th of November 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 Brent Crude price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current WisdomTree Brent price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 37.3 |
WisdomTree Brent Crude lagged returns against current returns
Autocorrelation, which is WisdomTree Brent 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 Brent's etf expected returns. We can calculate the autocorrelation of WisdomTree Brent returns to help us make a trade decision. For example, suppose you find that WisdomTree Brent 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 Brent 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 Brent etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Brent etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Brent etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Brent Lagged Returns
When evaluating WisdomTree Brent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Brent etf have on its future price. WisdomTree Brent 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 Brent autocorrelation shows the relationship between WisdomTree Brent etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Brent Crude.
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 Brent 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 Brent security.