WisdomTree Cocoa (UK) Market Value
| COCO Etf | 14.12 0.08 0.57% |
| Symbol | WisdomTree |
WisdomTree Cocoa '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 Cocoa'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 Cocoa.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in WisdomTree Cocoa on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Cocoa or generate 0.0% return on investment in WisdomTree Cocoa over 30 days. WisdomTree Cocoa is related to or competes with Leverage Shares, WisdomTree Natural, GraniteShares, Leverage Shares, WisdomTree Natural, and Leverage Shares. WisdomTree Cocoa is entity of United Kingdom More
WisdomTree Cocoa 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 Cocoa'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 Cocoa upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.1 | |||
| Information Ratio | 0.0767 | |||
| Maximum Drawdown | 14.79 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.84 |
WisdomTree Cocoa Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Cocoa's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Cocoa's standard deviation. In reality, there are many statistical measures that can use WisdomTree Cocoa historical prices to predict the future WisdomTree Cocoa's volatility.| Risk Adjusted Performance | 0.0954 | |||
| Jensen Alpha | 0.3309 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0823 | |||
| Treynor Ratio | 1.08 |
WisdomTree Cocoa Backtested Returns
WisdomTree Cocoa appears to be somewhat reliable, given 3 months investment horizon. WisdomTree Cocoa shows Sharpe Ratio of 0.11, which attests that the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Cocoa, which you can use to evaluate the volatility of the etf. Please utilize WisdomTree Cocoa's Market Risk Adjusted Performance of 1.09, downside deviation of 3.1, and Mean Deviation of 2.5 to validate if our risk estimates are consistent with your expectations. 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, WisdomTree Cocoa's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Cocoa is expected to be smaller as well.
Auto-correlation | 0.46 |
Average predictability
WisdomTree Cocoa has average predictability. Overlapping area represents the amount of predictability between WisdomTree Cocoa time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Cocoa price movement. The serial correlation of 0.46 indicates that about 46.0% of current WisdomTree Cocoa price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
WisdomTree Cocoa lagged returns against current returns
Autocorrelation, which is WisdomTree Cocoa 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 Cocoa's etf expected returns. We can calculate the autocorrelation of WisdomTree Cocoa returns to help us make a trade decision. For example, suppose you find that WisdomTree Cocoa 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 Cocoa 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 Cocoa etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Cocoa etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Cocoa etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Cocoa Lagged Returns
When evaluating WisdomTree Cocoa's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Cocoa etf have on its future price. WisdomTree Cocoa 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 Cocoa autocorrelation shows the relationship between WisdomTree Cocoa etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Cocoa.
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 Cocoa 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 Cocoa security.