WisdomTree Battery (UK) Market Value
| CHRG Etf | 2,423 12.00 0.50% |
| Symbol | WisdomTree |
WisdomTree Battery '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 Battery'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 Battery.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in WisdomTree Battery on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding WisdomTree Battery Solutions or generate 0.0% return on investment in WisdomTree Battery over 720 days. WisdomTree Battery is related to or competes with Leverage Shares, WisdomTree, WisdomTree Silver, Leverage Shares, Lyxor 10Y, GraniteShares, and Leverage Shares. WisdomTree Battery is entity of United Kingdom More
WisdomTree Battery 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 Battery'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 Battery Solutions upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.36 | |||
| Information Ratio | 0.0631 | |||
| Maximum Drawdown | 5.93 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 2.86 |
WisdomTree Battery Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Battery's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Battery's standard deviation. In reality, there are many statistical measures that can use WisdomTree Battery historical prices to predict the future WisdomTree Battery's volatility.| Risk Adjusted Performance | 0.1084 | |||
| Jensen Alpha | 0.1583 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0702 | |||
| Treynor Ratio | 0.5324 |
WisdomTree Battery Backtested Returns
WisdomTree Battery appears to be very steady, given 3 months investment horizon. WisdomTree Battery shows Sharpe Ratio of 0.16, which attests that the etf had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Battery, which you can use to evaluate the volatility of the etf. Please utilize WisdomTree Battery's Mean Deviation of 1.22, market risk adjusted performance of 0.5424, and Downside Deviation of 1.36 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Battery's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Battery is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
WisdomTree Battery Solutions has modest predictability. Overlapping area represents the amount of predictability between WisdomTree Battery time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Battery price movement. The serial correlation of 0.51 indicates that about 51.0% of current WisdomTree Battery price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 41.4 K |
WisdomTree Battery lagged returns against current returns
Autocorrelation, which is WisdomTree Battery 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 Battery's etf expected returns. We can calculate the autocorrelation of WisdomTree Battery returns to help us make a trade decision. For example, suppose you find that WisdomTree Battery 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 Battery 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 Battery etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Battery etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Battery etf over time.
Current vs Lagged Prices |
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WisdomTree Battery Lagged Returns
When evaluating WisdomTree Battery's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Battery etf have on its future price. WisdomTree Battery 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 Battery autocorrelation shows the relationship between WisdomTree Battery etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Battery Solutions.
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 Battery 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 Battery security.