Wisdomtree Trust Etf Market Value
| AIVL Etf | USD 114.26 0.42 0.37% |
| Symbol | WisdomTree |
The market value of WisdomTree Trust 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 Trust's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Trust'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 Trust's market value can be influenced by many factors that don't directly affect WisdomTree Trust'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 Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Trust'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.
WisdomTree Trust '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 Trust'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 Trust.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in WisdomTree Trust on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Trust or generate 0.0% return on investment in WisdomTree Trust over 30 days. WisdomTree Trust is related to or competes with WisdomTree International, QRAFT AI, WisdomTree Trust, and QRAFT AI. The fund is actively managed and seeks to invest primarily in equity securities selected from a universe of U.S More
WisdomTree Trust 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 Trust'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 Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.548 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.28 | |||
| Value At Risk | (0.90) | |||
| Potential Upside | 1.06 |
WisdomTree Trust Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Trust's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Trust's standard deviation. In reality, there are many statistical measures that can use WisdomTree Trust historical prices to predict the future WisdomTree Trust's volatility.| Risk Adjusted Performance | 0.1206 | |||
| Jensen Alpha | 0.0029 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1247 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Trust's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WisdomTree Trust Backtested Returns
As of now, WisdomTree Etf is very steady. WisdomTree Trust shows Sharpe Ratio of 0.14, which attests that the etf had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Trust, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Trust's Market Risk Adjusted Performance of 0.1347, downside deviation of 0.548, and Mean Deviation of 0.5005 to validate if the risk estimate we provide is consistent with the expected return of 0.0865%. The entity maintains a market beta of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Trust's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Trust is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
WisdomTree Trust has good predictability. Overlapping area represents the amount of predictability between WisdomTree Trust time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Trust price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current WisdomTree Trust price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.0 |
WisdomTree Trust lagged returns against current returns
Autocorrelation, which is WisdomTree Trust 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 Trust's etf expected returns. We can calculate the autocorrelation of WisdomTree Trust returns to help us make a trade decision. For example, suppose you find that WisdomTree Trust 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 Trust 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 Trust etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Trust etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Trust etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Trust Lagged Returns
When evaluating WisdomTree Trust's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Trust etf have on its future price. WisdomTree Trust 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 Trust autocorrelation shows the relationship between WisdomTree Trust etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Trust .
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out WisdomTree Trust Correlation, WisdomTree Trust Volatility and WisdomTree Trust Alpha and Beta module to complement your research on WisdomTree Trust. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
WisdomTree Trust technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.