WisdomTree Petroleum (UK) Market Value
| LPET Etf | 36.48 1.87 4.88% |
| Symbol | WisdomTree |
WisdomTree Petroleum '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 Petroleum'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 Petroleum.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in WisdomTree Petroleum on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Petroleum 2x or generate 0.0% return on investment in WisdomTree Petroleum over 30 days. WisdomTree Petroleum is related to or competes with WisdomTree NASDAQ, WisdomTree, Invesco Technology, Invesco Technology, Xtrackers, Xtrackers MSCI, and SSgA SPDR. WisdomTree Petroleum is entity of United Kingdom More
WisdomTree Petroleum 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 Petroleum'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 Petroleum 2x upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.2 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 19.46 | |||
| Value At Risk | (6.86) | |||
| Potential Upside | 5.72 |
WisdomTree Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Petroleum's standard deviation. In reality, there are many statistical measures that can use WisdomTree Petroleum historical prices to predict the future WisdomTree Petroleum's volatility.| Risk Adjusted Performance | 0.0099 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.60) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.01) |
WisdomTree Petroleum Backtested Returns
WisdomTree Petroleum shows Sharpe Ratio of -0.0266, which attests that the etf had a -0.0266% return per unit of risk over the last 3 months. WisdomTree Petroleum exposes thirty different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Petroleum's Downside Deviation of 4.2, market risk adjusted performance of 0.0024, and Mean Deviation of 2.92 to validate the risk estimate we provide. The entity maintains a market beta of 0.0849, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Petroleum is expected to be smaller as well.
Auto-correlation | 0.59 |
Modest predictability
WisdomTree Petroleum 2x has modest predictability. Overlapping area represents the amount of predictability between WisdomTree Petroleum 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 Petroleum price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current WisdomTree Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.57 | |
| Residual Average | 0.0 | |
| Price Variance | 0.65 |
WisdomTree Petroleum lagged returns against current returns
Autocorrelation, which is WisdomTree Petroleum 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 Petroleum's etf expected returns. We can calculate the autocorrelation of WisdomTree Petroleum returns to help us make a trade decision. For example, suppose you find that WisdomTree Petroleum 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 Petroleum 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 Petroleum etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Petroleum etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Petroleum etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Petroleum Lagged Returns
When evaluating WisdomTree Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Petroleum etf have on its future price. WisdomTree Petroleum 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 Petroleum autocorrelation shows the relationship between WisdomTree Petroleum etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Petroleum 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 Petroleum 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 Petroleum security.