Wisdomtree Interest Rate Etf Market Value
| HYZD Etf | USD 22.56 0.06 0.27% |
| Symbol | WisdomTree |
The market value of WisdomTree Interest Rate 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 Interest's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Interest'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 Interest's market value can be influenced by many factors that don't directly affect WisdomTree Interest'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 Interest's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Interest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Interest'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 Interest '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 Interest'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 Interest.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in WisdomTree Interest on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree Interest Rate or generate 0.0% return on investment in WisdomTree Interest over 390 days. WisdomTree Interest is related to or competes with First Trust, FolioBeyond Rising, ProShares Inflation, Starboard Investment, TrimTabs Donoghue, SSGA Active, and Strategy Shares. The index is designed to provide long exposure to the performance of selected issuers in the U.S More
WisdomTree Interest 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 Interest'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 Interest Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2554 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 1.2 | |||
| Value At Risk | (0.36) | |||
| Potential Upside | 0.4632 |
WisdomTree Interest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Interest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Interest's standard deviation. In reality, there are many statistical measures that can use WisdomTree Interest historical prices to predict the future WisdomTree Interest's volatility.| Risk Adjusted Performance | 0.1572 | |||
| Jensen Alpha | 0.0435 | |||
| Total Risk Alpha | 0.0172 | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.555 |
WisdomTree Interest Rate Backtested Returns
At this point, WisdomTree Interest is very steady. WisdomTree Interest Rate shows Sharpe Ratio of 0.21, which attests that the etf had a 0.21% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for WisdomTree Interest Rate, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Interest's Market Risk Adjusted Performance of 0.565, mean deviation of 0.2174, and Coefficient Of Variation of 435.81 to validate if the risk estimate we provide is consistent with the expected return of 0.054%. The entity maintains a market beta of 0.0954, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Interest's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Interest is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
WisdomTree Interest Rate has very good predictability. Overlapping area represents the amount of predictability between WisdomTree Interest time series from 29th of October 2023 to 11th of May 2024 and 11th of May 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 Interest Rate price movement. The serial correlation of 0.84 indicates that around 84.0% of current WisdomTree Interest price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.9 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
WisdomTree Interest Rate lagged returns against current returns
Autocorrelation, which is WisdomTree Interest 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 Interest's etf expected returns. We can calculate the autocorrelation of WisdomTree Interest returns to help us make a trade decision. For example, suppose you find that WisdomTree Interest 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 Interest 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 Interest etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Interest etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Interest etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Interest Lagged Returns
When evaluating WisdomTree Interest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Interest etf have on its future price. WisdomTree Interest 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 Interest autocorrelation shows the relationship between WisdomTree Interest etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Interest 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.When determining whether WisdomTree Interest Rate is a strong investment it is important to analyze WisdomTree Interest's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WisdomTree Interest's future performance. For an informed investment choice regarding WisdomTree Etf, refer to the following important reports:Check out WisdomTree Interest Correlation, WisdomTree Interest Volatility and WisdomTree Interest Alpha and Beta module to complement your research on WisdomTree Interest. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
WisdomTree Interest 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.