Wisdomtree Continuous Commodity Etf Market Value
| GCC Etf | USD 19.11 0.19 1.00% |
| Symbol | WisdomTree |
The market value of WisdomTree Continuous 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 Continuous' value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Continuous' 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 Continuous' market value can be influenced by many factors that don't directly affect WisdomTree Continuous' 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 Continuous' value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Continuous is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Continuous' 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 Continuous '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 Continuous' 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 Continuous.
| 11/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in WisdomTree Continuous on November 29, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree Continuous Commodity or generate 0.0% return on investment in WisdomTree Continuous over 360 days. WisdomTree Continuous is related to or competes with First Trust, IShares ESG, and IShares Fallen. The fund is an actively managed ETF that intends to provide broad-based exposure to the four commodity sectors Energy, A... More
WisdomTree Continuous 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 Continuous' 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 Continuous Commodity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9914 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.58 | |||
| Value At Risk | (1.64) | |||
| Potential Upside | 1.44 |
WisdomTree Continuous Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Continuous' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Continuous' standard deviation. In reality, there are many statistical measures that can use WisdomTree Continuous historical prices to predict the future WisdomTree Continuous' volatility.| Risk Adjusted Performance | 0.0892 | |||
| Jensen Alpha | 0.0771 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.6395 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Continuous' 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 Continuous Backtested Returns
At this point, WisdomTree Continuous is very steady. WisdomTree Continuous shows Sharpe Ratio of 0.0704, which attests that the etf had a 0.0704% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Continuous, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Continuous' Downside Deviation of 0.9914, market risk adjusted performance of 0.6495, and Mean Deviation of 0.7389 to validate if the risk estimate we provide is consistent with the expected return of 0.0631%. The entity maintains a market beta of 0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Continuous' returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Continuous is expected to be smaller as well.
Auto-correlation | 0.31 |
Below average predictability
WisdomTree Continuous Commodity has below average predictability. Overlapping area represents the amount of predictability between WisdomTree Continuous time series from 29th of November 2023 to 27th of May 2024 and 27th of May 2024 to 23rd 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 Continuous price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current WisdomTree Continuous price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
WisdomTree Continuous lagged returns against current returns
Autocorrelation, which is WisdomTree Continuous 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 Continuous' etf expected returns. We can calculate the autocorrelation of WisdomTree Continuous returns to help us make a trade decision. For example, suppose you find that WisdomTree Continuous 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 Continuous 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 Continuous etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Continuous etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Continuous etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Continuous Lagged Returns
When evaluating WisdomTree Continuous' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Continuous etf have on its future price. WisdomTree Continuous 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 Continuous autocorrelation shows the relationship between WisdomTree Continuous etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Continuous Commodity.
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.When determining whether WisdomTree Continuous offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WisdomTree Continuous' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wisdomtree Continuous Commodity Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Wisdomtree Continuous Commodity Etf:Check out WisdomTree Continuous Correlation, WisdomTree Continuous Volatility and WisdomTree Continuous Alpha and Beta module to complement your research on WisdomTree Continuous. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
WisdomTree Continuous 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.