WisdomTree Energy (UK) Market Value
| ENEF Etf | 28.77 0.20 0.69% |
| Symbol | WisdomTree |
WisdomTree Energy '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 Energy'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 Energy.
| 01/28/2024 |
| 01/22/2025 |
If you would invest 0.00 in WisdomTree Energy on January 28, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Energy Longer or generate 0.0% return on investment in WisdomTree Energy over 360 days. WisdomTree Energy is related to or competes with WisdomTree Natural, WisdomTree NASDAQ, WisdomTree, Invesco Technology, Invesco Technology, WisdomTree Silver, and Xtrackers. WisdomTree Energy is entity of United Kingdom More
WisdomTree Energy 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 Energy'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 Energy Longer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.0915 | |||
| Maximum Drawdown | 7.29 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 2.1 |
WisdomTree Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Energy's standard deviation. In reality, there are many statistical measures that can use WisdomTree Energy historical prices to predict the future WisdomTree Energy's volatility.| Risk Adjusted Performance | 0.1039 | |||
| Jensen Alpha | 0.1579 | |||
| Total Risk Alpha | 0.1069 | |||
| Sortino Ratio | 0.0948 | |||
| Treynor Ratio | (0.43) |
WisdomTree Energy Longer Backtested Returns
Currently, WisdomTree Energy Longer is very steady. WisdomTree Energy Longer 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-nine technical indicators for WisdomTree Energy Longer, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Energy's Downside Deviation of 1.29, market risk adjusted performance of (0.42), and Mean Deviation of 1.09 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. 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, returns on owning WisdomTree Energy are expected to decrease at a much lower rate. During the bear market, WisdomTree Energy is likely to outperform the market.
Auto-correlation | -0.21 |
Weak reverse predictability
WisdomTree Energy Longer has weak reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Energy time series from 28th of January 2024 to 26th of July 2024 and 26th of July 2024 to 22nd of January 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 Energy Longer price movement. The serial correlation of -0.21 indicates that over 21.0% of current WisdomTree Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.97 |
WisdomTree Energy Longer lagged returns against current returns
Autocorrelation, which is WisdomTree Energy 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 Energy's etf expected returns. We can calculate the autocorrelation of WisdomTree Energy returns to help us make a trade decision. For example, suppose you find that WisdomTree Energy 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 Energy 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 Energy etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Energy etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Energy etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Energy Lagged Returns
When evaluating WisdomTree Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Energy etf have on its future price. WisdomTree Energy 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 Energy autocorrelation shows the relationship between WisdomTree Energy etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Energy Longer.
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 Energy 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 Energy security.