WisdomTree Eurozone (UK) Market Value
| EGRA Etf | 25.49 0.01 0.04% |
| Symbol | WisdomTree |
WisdomTree Eurozone '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 Eurozone'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 Eurozone.
| 08/05/2024 |
| 02/01/2025 |
If you would invest 0.00 in WisdomTree Eurozone on August 5, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Eurozone Quality or generate 0.0% return on investment in WisdomTree Eurozone over 180 days. WisdomTree Eurozone is related to or competes with WisdomTree Zinc, WisdomTree Brent, WisdomTree Aluminium, WisdomTree Enhanced, WisdomTree Gold, WisdomTree WTI, and WisdomTree Issuer. WisdomTree Eurozone is entity of United Kingdom More
WisdomTree Eurozone 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 Eurozone'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 Eurozone Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8761 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.42 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.3 |
WisdomTree Eurozone Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Eurozone's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Eurozone's standard deviation. In reality, there are many statistical measures that can use WisdomTree Eurozone historical prices to predict the future WisdomTree Eurozone's volatility.| Risk Adjusted Performance | 0.0636 | |||
| Jensen Alpha | 0.037 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.3223 |
WisdomTree Eurozone Backtested Returns
Currently, WisdomTree Eurozone Quality is very steady. WisdomTree Eurozone 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 Eurozone, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Eurozone's Mean Deviation of 0.6308, downside deviation of 0.8761, and Market Risk Adjusted Performance of 0.3323 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The entity maintains a market beta of 0.16, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Eurozone's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Eurozone is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
WisdomTree Eurozone Quality has very weak reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Eurozone time series from 5th of August 2024 to 3rd of November 2024 and 3rd of November 2024 to 1st 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 WisdomTree Eurozone price movement. The serial correlation of -0.08 indicates that barely 8.0% of current WisdomTree Eurozone price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.35 |
WisdomTree Eurozone lagged returns against current returns
Autocorrelation, which is WisdomTree Eurozone 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 Eurozone's etf expected returns. We can calculate the autocorrelation of WisdomTree Eurozone returns to help us make a trade decision. For example, suppose you find that WisdomTree Eurozone 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 Eurozone 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 Eurozone etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Eurozone etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Eurozone etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Eurozone Lagged Returns
When evaluating WisdomTree Eurozone's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Eurozone etf have on its future price. WisdomTree Eurozone 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 Eurozone autocorrelation shows the relationship between WisdomTree Eurozone etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Eurozone Quality.
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 Eurozone 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 Eurozone security.