WisdomTree Cardano's market value is the price at which a share of WisdomTree Cardano trades on a public exchange. It measures the collective expectations of WisdomTree Cardano EUR investors about its performance. WisdomTree Cardano is trading at 11.72 as of the 26th of November 2024, a 2.90% increase since the beginning of the trading day. The etf's open price was 11.39. With this module, you can estimate the performance of a buy and hold strategy of WisdomTree Cardano EUR and determine expected loss or profit from investing in WisdomTree Cardano 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 Cardano '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 Cardano'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 Cardano.
0.00
10/27/2024
No Change 0.00
0.0
In 30 days
11/26/2024
0.00
If you would invest 0.00 in WisdomTree Cardano on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Cardano EUR or generate 0.0% return on investment in WisdomTree Cardano over 30 days.
WisdomTree Cardano 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 Cardano'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 Cardano EUR 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 Cardano's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Cardano's standard deviation. In reality, there are many statistical measures that can use WisdomTree Cardano historical prices to predict the future WisdomTree Cardano's volatility.
WisdomTree Cardano is moderately volatile given 3 months investment horizon. WisdomTree Cardano EUR shows Sharpe Ratio of 0.29, which attests that the etf had a 0.29% return per unit of risk over the last 3 months. We were able to analyze thirty different technical indicators, which can help you to evaluate if expected returns of 2.31% are justified by taking the suggested risk. Use WisdomTree Cardano EUR Market Risk Adjusted Performance of (1.40), downside deviation of 4.14, and Mean Deviation of 4.96 to evaluate company specific risk that cannot be diversified away. The entity maintains a market beta of -1.35, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning WisdomTree Cardano are expected to decrease by larger amounts. On the other hand, during market turmoil, WisdomTree Cardano is expected to outperform it.
Auto-correlation
0.80
Very good predictability
WisdomTree Cardano EUR has very good predictability. Overlapping area represents the amount of predictability between WisdomTree Cardano time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Cardano EUR price movement. The serial correlation of 0.8 indicates that around 80.0% of current WisdomTree Cardano price fluctuation can be explain by its past prices.
Correlation Coefficient
0.8
Spearman Rank Test
0.75
Residual Average
0.0
Price Variance
2.25
WisdomTree Cardano EUR lagged returns against current returns
Autocorrelation, which is WisdomTree Cardano 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 Cardano's etf expected returns. We can calculate the autocorrelation of WisdomTree Cardano returns to help us make a trade decision. For example, suppose you find that WisdomTree Cardano 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 Cardano 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 Cardano etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Cardano etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Cardano etf over time.
Current vs Lagged Prices
Timeline
WisdomTree Cardano Lagged Returns
When evaluating WisdomTree Cardano's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Cardano etf have on its future price. WisdomTree Cardano 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 Cardano autocorrelation shows the relationship between WisdomTree Cardano etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Cardano EUR.
Regressed Prices
Timeline
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