Wisdom Tree Bitcoin Etf Market Value
| BTCW Etf | 103.14 1.08 1.06% |
| Symbol | Wisdom |
The market value of Wisdom Tree Bitcoin is measured differently than its book value, which is the value of Wisdom that is recorded on the company's balance sheet. Investors also form their own opinion of Wisdom Tree's value that differs from its market value or its book value, called intrinsic value, which is Wisdom Tree'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 Wisdom Tree's market value can be influenced by many factors that don't directly affect Wisdom Tree'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 Wisdom Tree's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wisdom Tree is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wisdom Tree'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.
Wisdom Tree '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 Wisdom Tree'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 Wisdom Tree.
| 01/17/2025 |
| 02/16/2025 |
If you would invest 0.00 in Wisdom Tree on January 17, 2025 and sell it all today you would earn a total of 0.00 from holding Wisdom Tree Bitcoin or generate 0.0% return on investment in Wisdom Tree over 30 days. Wisdom Tree is related to or competes with ProShares Trust, IShares Ethereum, Volatility Shares, VanEck Ethereum, and Bitwise Ethereum. Wisdom Tree is entity of United States. It is traded as Etf on BATS exchange. More
Wisdom Tree 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 Wisdom Tree'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 Wisdom Tree Bitcoin upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.1208 | |||
| Maximum Drawdown | 18.93 | |||
| Value At Risk | (4.61) | |||
| Potential Upside | 5.07 |
Wisdom Tree Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wisdom Tree's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wisdom Tree's standard deviation. In reality, there are many statistical measures that can use Wisdom Tree historical prices to predict the future Wisdom Tree's volatility.| Risk Adjusted Performance | 0.0958 | |||
| Jensen Alpha | 0.398 | |||
| Total Risk Alpha | 0.3925 | |||
| Sortino Ratio | 0.134 | |||
| Treynor Ratio | (1.18) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wisdom Tree'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.
Wisdom Tree Bitcoin Backtested Returns
At this stage we consider Wisdom Etf to be very steady. Wisdom Tree Bitcoin shows Sharpe Ratio of 0.0472, which attests that the etf had a 0.0472 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Wisdom Tree Bitcoin, which you can use to evaluate the volatility of the etf. Please check out Wisdom Tree's Market Risk Adjusted Performance of (1.17), mean deviation of 2.42, and Downside Deviation of 2.96 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The entity maintains a market beta of -0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Wisdom Tree are expected to decrease at a much lower rate. During the bear market, Wisdom Tree is likely to outperform the market.
Auto-correlation | 0.37 |
Below average predictability
Wisdom Tree Bitcoin has below average predictability. Overlapping area represents the amount of predictability between Wisdom Tree time series from 17th of January 2025 to 1st of February 2025 and 1st of February 2025 to 16th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Wisdom Tree Bitcoin price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Wisdom Tree price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 2.76 |
Wisdom Tree Bitcoin lagged returns against current returns
Autocorrelation, which is Wisdom Tree 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 Wisdom Tree's etf expected returns. We can calculate the autocorrelation of Wisdom Tree returns to help us make a trade decision. For example, suppose you find that Wisdom Tree 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 |
Wisdom Tree 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 Wisdom Tree etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wisdom Tree etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wisdom Tree etf over time.
Current vs Lagged Prices |
| Timeline |
Wisdom Tree Lagged Returns
When evaluating Wisdom Tree's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wisdom Tree etf have on its future price. Wisdom Tree 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, Wisdom Tree autocorrelation shows the relationship between Wisdom Tree etf current value and its past values and can show if there is a momentum factor associated with investing in Wisdom Tree Bitcoin.
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.When determining whether Wisdom Tree Bitcoin is a strong investment it is important to analyze Wisdom Tree's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Wisdom Tree's future performance. For an informed investment choice regarding Wisdom Etf, refer to the following important reports:Check out Wisdom Tree Correlation, Wisdom Tree Volatility and Wisdom Tree Alpha and Beta module to complement your research on Wisdom Tree. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Wisdom Tree 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.