Wisdomtree Target Range Etf Market Value
| GTR Etf | USD 25.00 0.18 0.73% |
| Symbol | WisdomTree |
The market value of WisdomTree Target Range 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 Target's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Target'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 Target's market value can be influenced by many factors that don't directly affect WisdomTree Target'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 Target's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Target is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Target'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 Target '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 Target'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 Target.
| 05/26/2024 |
| 11/22/2024 |
If you would invest 0.00 in WisdomTree Target on May 26, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Target Range or generate 0.0% return on investment in WisdomTree Target over 180 days. WisdomTree Target is related to or competes with Goldman Sachs, IShares IBonds, and IShares IBonds. In pursuing its investment objectives, the fund adviser seeks to follow the methodology of the TOPS Global Equity Target... More
WisdomTree Target 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 Target'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 Target Range upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6874 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.12 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.23 |
WisdomTree Target Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Target's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Target's standard deviation. In reality, there are many statistical measures that can use WisdomTree Target historical prices to predict the future WisdomTree Target's volatility.| Risk Adjusted Performance | 0.0482 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.0451 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Target'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 Target Range Backtested Returns
Currently, WisdomTree Target Range is very steady. WisdomTree Target Range shows Sharpe Ratio of 0.0663, which attests that the etf had a 0.0663% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Target Range, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Target's Downside Deviation of 0.6874, mean deviation of 0.5302, and Market Risk Adjusted Performance of 0.0551 to validate if the risk estimate we provide is consistent with the expected return of 0.0454%. The entity maintains a market beta of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Target's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Target is expected to be smaller as well.
Auto-correlation | 0.41 |
Average predictability
WisdomTree Target Range has average predictability. Overlapping area represents the amount of predictability between WisdomTree Target time series from 26th of May 2024 to 24th of August 2024 and 24th of August 2024 to 22nd 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 Target Range price movement. The serial correlation of 0.41 indicates that just about 41.0% of current WisdomTree Target price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.41 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
WisdomTree Target Range lagged returns against current returns
Autocorrelation, which is WisdomTree Target 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 Target's etf expected returns. We can calculate the autocorrelation of WisdomTree Target returns to help us make a trade decision. For example, suppose you find that WisdomTree Target 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 Target 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 Target etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Target etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Target etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Target Lagged Returns
When evaluating WisdomTree Target's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Target etf have on its future price. WisdomTree Target 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 Target autocorrelation shows the relationship between WisdomTree Target etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Target Range.
Regressed Prices |
| Timeline |
Pair Trading with WisdomTree Target
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 Target 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 Target will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.96 | ACIO | Aptus Collared Income | PairCorr |
| 0.96 | ADME | Aptus Drawdown Managed | PairCorr |
| 0.77 | SWAN | Amplify BlackSwan Growth | PairCorr |
| 0.73 | PHDG | Invesco SP 500 | PairCorr |
Moving against WisdomTree Etf
The ability to find closely correlated positions to WisdomTree Target 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 Target 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 Target - 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 Target Range to buy it.
The correlation of WisdomTree Target 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 Target moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Target Range 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 Target 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 Target Correlation, WisdomTree Target Volatility and WisdomTree Target Alpha and Beta module to complement your research on WisdomTree Target. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
WisdomTree Target 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.