Wisdomtree Midcap Dividend Etf Market Value
| DON Etf | USD 55.55 0.51 0.93% |
| Symbol | WisdomTree |
The market value of WisdomTree MidCap 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 MidCap's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree MidCap'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 MidCap's market value can be influenced by many factors that don't directly affect WisdomTree MidCap'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 MidCap's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree MidCap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree MidCap'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 MidCap '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 MidCap'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 MidCap.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in WisdomTree MidCap on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree MidCap Dividend or generate 0.0% return on investment in WisdomTree MidCap over 180 days. WisdomTree MidCap is related to or competes with JPMorgan Fundamental, Vanguard Mid, SPDR SP, SPDR SP, Direxion Daily, DBX ETF, and Nuveen ESG. Under normal circumstances, at least 95 percent of the funds total assets will be invested in component securities of th... More
WisdomTree MidCap 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 MidCap'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 MidCap Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7108 | |||
| Information Ratio | 0.0447 | |||
| Maximum Drawdown | 4.92 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.56 |
WisdomTree MidCap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree MidCap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree MidCap's standard deviation. In reality, there are many statistical measures that can use WisdomTree MidCap historical prices to predict the future WisdomTree MidCap's volatility.| Risk Adjusted Performance | 0.1442 | |||
| Jensen Alpha | 0.0357 | |||
| Total Risk Alpha | 0.0184 | |||
| Sortino Ratio | 0.0569 | |||
| Treynor Ratio | 0.153 |
WisdomTree MidCap Backtested Returns
As of now, WisdomTree Etf is very steady. WisdomTree MidCap shows Sharpe Ratio of 0.2, which attests that the etf had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree MidCap, which you can use to evaluate the volatility of the etf. Please check out WisdomTree MidCap's Market Risk Adjusted Performance of 0.163, downside deviation of 0.7108, and Mean Deviation of 0.6839 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The entity maintains a market beta of 1.04, which attests to a somewhat significant risk relative to the market. WisdomTree MidCap returns are very sensitive to returns on the market. As the market goes up or down, WisdomTree MidCap is expected to follow.
Auto-correlation | 0.64 |
Good predictability
WisdomTree MidCap Dividend has good predictability. Overlapping area represents the amount of predictability between WisdomTree MidCap time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 MidCap price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current WisdomTree MidCap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 2.92 |
WisdomTree MidCap lagged returns against current returns
Autocorrelation, which is WisdomTree MidCap 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 MidCap's etf expected returns. We can calculate the autocorrelation of WisdomTree MidCap returns to help us make a trade decision. For example, suppose you find that WisdomTree MidCap 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 MidCap 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 MidCap etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree MidCap etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree MidCap etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree MidCap Lagged Returns
When evaluating WisdomTree MidCap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree MidCap etf have on its future price. WisdomTree MidCap 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 MidCap autocorrelation shows the relationship between WisdomTree MidCap etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree MidCap Dividend.
Regressed Prices |
| Timeline |
Pair Trading with WisdomTree MidCap
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if WisdomTree MidCap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WisdomTree MidCap will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.97 | VOE | Vanguard Mid Cap | PairCorr |
| 0.64 | SDY | SPDR SP Dividend | PairCorr |
| 0.99 | IWS | iShares Russell Mid | PairCorr |
| 0.96 | COWZ | Pacer Cash Cows Low Volatility | PairCorr |
| 0.99 | IJJ | iShares SP Mid | PairCorr |
Moving against WisdomTree Etf
The ability to find closely correlated positions to WisdomTree MidCap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree MidCap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WisdomTree MidCap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WisdomTree MidCap Dividend to buy it.
The correlation of WisdomTree MidCap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree MidCap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree MidCap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for WisdomTree MidCap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out WisdomTree MidCap Correlation, WisdomTree MidCap Volatility and WisdomTree MidCap Alpha and Beta module to complement your research on WisdomTree MidCap. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
WisdomTree MidCap 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.