WisdomTree Coffee (UK) Market Value
| LCFE Etf | 2.67 0.03 1.14% |
| Symbol | WisdomTree |
WisdomTree Coffee '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 Coffee'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 Coffee.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in WisdomTree Coffee on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Coffee 2x or generate 0.0% return on investment in WisdomTree Coffee over 30 days. WisdomTree Coffee is related to or competes with WisdomTree Zinc, WisdomTree Brent, WisdomTree Aluminium, WisdomTree Enhanced, WisdomTree Gold, WisdomTree WTI, and WisdomTree Issuer. WisdomTree Coffee is entity of United Kingdom More
WisdomTree Coffee 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 Coffee'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 Coffee 2x upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.58 | |||
| Information Ratio | 0.1374 | |||
| Maximum Drawdown | 22.04 | |||
| Value At Risk | (6.37) | |||
| Potential Upside | 8.52 |
WisdomTree Coffee Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Coffee's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Coffee's standard deviation. In reality, there are many statistical measures that can use WisdomTree Coffee historical prices to predict the future WisdomTree Coffee's volatility.| Risk Adjusted Performance | 0.135 | |||
| Jensen Alpha | 0.656 | |||
| Total Risk Alpha | 0.0377 | |||
| Sortino Ratio | 0.1364 | |||
| Treynor Ratio | 1.01 |
WisdomTree Coffee Backtested Returns
WisdomTree Coffee appears to be very risky, given 3 months investment horizon. WisdomTree Coffee shows Sharpe Ratio of 0.14, which attests that the etf had a 0.14% return per unit of risk over the last 3 months. By examining WisdomTree Coffee's technical indicators, you can evaluate if the expected return of 0.65% is justified by implied risk. Please utilize WisdomTree Coffee's Mean Deviation of 3.45, downside deviation of 4.58, and Market Risk Adjusted Performance of 1.02 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.74, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Coffee's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Coffee is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
WisdomTree Coffee 2x has below average predictability. Overlapping area represents the amount of predictability between WisdomTree Coffee time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Coffee price movement. The serial correlation of 0.39 indicates that just about 39.0% of current WisdomTree Coffee price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
WisdomTree Coffee lagged returns against current returns
Autocorrelation, which is WisdomTree Coffee 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 Coffee's etf expected returns. We can calculate the autocorrelation of WisdomTree Coffee returns to help us make a trade decision. For example, suppose you find that WisdomTree Coffee 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 Coffee 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 Coffee etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Coffee etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Coffee etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Coffee Lagged Returns
When evaluating WisdomTree Coffee's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Coffee etf have on its future price. WisdomTree Coffee 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 Coffee autocorrelation shows the relationship between WisdomTree Coffee etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Coffee 2x.
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 Coffee 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 Coffee security.