WisdomTree Quality's market value is the price at which a share of WisdomTree Quality trades on a public exchange. It measures the collective expectations of WisdomTree Quality Dividend investors about its performance. WisdomTree Quality is selling for under 49.75 as of the 1st of December 2024; that is 1.32 percent increase since the beginning of the trading day. The etf's lowest day price was 49.75. With this module, you can estimate the performance of a buy and hold strategy of WisdomTree Quality Dividend and determine expected loss or profit from investing in WisdomTree Quality over a given investment horizon. Check out Investing Opportunities 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 Quality '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 Quality'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 Quality.
0.00
06/04/2024
No Change 0.00
0.0
In 5 months and 30 days
12/01/2024
0.00
If you would invest 0.00 in WisdomTree Quality on June 4, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Quality Dividend or generate 0.0% return on investment in WisdomTree Quality over 180 days.
WisdomTree Quality 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 Quality'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 Quality Dividend 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 Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Quality's standard deviation. In reality, there are many statistical measures that can use WisdomTree Quality historical prices to predict the future WisdomTree Quality's volatility.
At this stage we consider WisdomTree Etf to be very steady. WisdomTree Quality shows Sharpe Ratio of 0.12, which attests that the etf had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for WisdomTree Quality, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Quality's Downside Deviation of 0.8199, mean deviation of 0.4403, and Market Risk Adjusted Performance of 0.1305 to validate if the risk estimate we provide is consistent with the expected return of 0.0811%. The entity maintains a market beta of 0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Quality is expected to be smaller as well.
Auto-correlation
0.64
Good predictability
WisdomTree Quality Dividend has good predictability. Overlapping area represents the amount of predictability between WisdomTree Quality time series from 4th of June 2024 to 2nd of September 2024 and 2nd of September 2024 to 1st of December 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 Quality price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current WisdomTree Quality price fluctuation can be explain by its past prices.
Correlation Coefficient
0.64
Spearman Rank Test
0.45
Residual Average
0.0
Price Variance
0.95
WisdomTree Quality lagged returns against current returns
Autocorrelation, which is WisdomTree Quality 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 Quality's etf expected returns. We can calculate the autocorrelation of WisdomTree Quality returns to help us make a trade decision. For example, suppose you find that WisdomTree Quality 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 Quality 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 Quality etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Quality etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Quality etf over time.
Current vs Lagged Prices
Timeline
WisdomTree Quality Lagged Returns
When evaluating WisdomTree Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Quality etf have on its future price. WisdomTree Quality 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 Quality autocorrelation shows the relationship between WisdomTree Quality etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Quality Dividend.
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.