WisdomTree WTI (UK) Market Value
| LOIL Etf | 11.23 0.28 2.56% |
| Symbol | WisdomTree |
WisdomTree WTI '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 WTI'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 WTI.
| 06/04/2023 |
| 11/25/2024 |
If you would invest 0.00 in WisdomTree WTI on June 4, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree WTI Crude or generate 0.0% return on investment in WisdomTree WTI over 540 days. WisdomTree WTI is related to or competes with WisdomTree NASDAQ, WisdomTree, Invesco Technology, Invesco Technology, Xtrackers, Xtrackers MSCI, and SSgA SPDR. WisdomTree WTI is entity of United Kingdom More
WisdomTree WTI 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 WTI'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 WTI Crude upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.37 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 20.36 | |||
| Value At Risk | (7.57) | |||
| Potential Upside | 6.3 |
WisdomTree WTI Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree WTI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree WTI's standard deviation. In reality, there are many statistical measures that can use WisdomTree WTI historical prices to predict the future WisdomTree WTI's volatility.| Risk Adjusted Performance | 0.0112 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.63) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0549 |
WisdomTree WTI Crude Backtested Returns
WisdomTree WTI Crude shows Sharpe Ratio of -0.0227, which attests that the etf had a -0.0227% return per unit of risk over the last 3 months. WisdomTree WTI Crude exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree WTI's Market Risk Adjusted Performance of 0.0649, downside deviation of 4.37, and Mean Deviation of 3.08 to validate the risk estimate we provide. The entity maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree WTI's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree WTI is expected to be smaller as well.
Auto-correlation | 0.27 |
Poor predictability
WisdomTree WTI Crude has poor predictability. Overlapping area represents the amount of predictability between WisdomTree WTI time series from 4th of June 2023 to 29th of February 2024 and 29th of February 2024 to 25th 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 WTI Crude price movement. The serial correlation of 0.27 indicates that nearly 27.0% of current WisdomTree WTI price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.27 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1.9 |
WisdomTree WTI Crude lagged returns against current returns
Autocorrelation, which is WisdomTree WTI 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 WTI's etf expected returns. We can calculate the autocorrelation of WisdomTree WTI returns to help us make a trade decision. For example, suppose you find that WisdomTree WTI 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 WTI 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 WTI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree WTI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree WTI etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree WTI Lagged Returns
When evaluating WisdomTree WTI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree WTI etf have on its future price. WisdomTree WTI 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 WTI autocorrelation shows the relationship between WisdomTree WTI etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree WTI Crude.
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 WTI 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 WTI security.