Wisdomtree Floating Rate Fund Market Value
| FLTTX Fund | USD 1.01 0.00 0.00% |
| Symbol | Wisdomtree |
Wisdomtree Floating '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 Floating's mutual fund 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 Floating.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Wisdomtree Floating on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Wisdomtree Floating Rate or generate 0.0% return on investment in Wisdomtree Floating over 30 days. Wisdomtree Floating is related to or competes with Wisdomtree Digital, Wisdomtree Digital, Wisdomtree Digital, Wisdomtree Digital, Wisdomtree Digital, Deutsche Global, and Wisdomtree Floating. Under normal circumstances, at least 80 percent of the funds net assets, plus the amount of any borrowings for investmen... More
Wisdomtree Floating 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 Floating's mutual fund 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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.94) | |||
| Maximum Drawdown | 1.0 |
Wisdomtree Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wisdomtree Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wisdomtree Floating's standard deviation. In reality, there are many statistical measures that can use Wisdomtree Floating historical prices to predict the future Wisdomtree Floating's volatility.| Risk Adjusted Performance | 0.0421 | |||
| Jensen Alpha | 0.0031 | |||
| Total Risk Alpha | (0.01) | |||
| Treynor Ratio | 0.2995 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wisdomtree Floating's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Wisdomtree Floating Rate Backtested Returns
At this stage we consider Wisdomtree Mutual Fund to be not too volatile. Wisdomtree Floating Rate shows Sharpe Ratio of 0.12, which attests that the fund had a 0.12% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Wisdomtree Floating Rate, which you can use to evaluate the volatility of the fund. Please check out Wisdomtree Floating's Mean Deviation of 0.0298, standard deviation of 0.1231, and Market Risk Adjusted Performance of 0.3095 to validate if the risk estimate we provide is consistent with the expected return of 0.0154%. The entity maintains a market beta of 0.0172, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wisdomtree Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wisdomtree Floating is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
Wisdomtree Floating Rate has no correlation between past and present. Overlapping area represents the amount of predictability between Wisdomtree Floating time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Floating Rate price movement. The serial correlation of 0.0 indicates that just 0.0% of current Wisdomtree Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wisdomtree Floating Rate lagged returns against current returns
Autocorrelation, which is Wisdomtree Floating mutual fund'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 Floating's mutual fund expected returns. We can calculate the autocorrelation of Wisdomtree Floating returns to help us make a trade decision. For example, suppose you find that Wisdomtree Floating has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Floating 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 Floating mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wisdomtree Floating mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wisdomtree Floating mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wisdomtree Floating Lagged Returns
When evaluating Wisdomtree Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wisdomtree Floating mutual fund have on its future price. Wisdomtree Floating 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 Floating autocorrelation shows the relationship between Wisdomtree Floating mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wisdomtree Floating Rate.
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 Mutual Fund
Wisdomtree Floating financial ratios help investors to determine whether Wisdomtree Mutual Fund 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 Floating security.
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