WisdomTree NASDAQ (UK) Market Value
| LQQ3 Etf | 18,714 412.00 2.25% |
| Symbol | WisdomTree |
WisdomTree NASDAQ '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 NASDAQ'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 NASDAQ.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in WisdomTree NASDAQ on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree NASDAQ 100 or generate 0.0% return on investment in WisdomTree NASDAQ over 30 days. WisdomTree NASDAQ is related to or competes with GraniteShares, WisdomTree Natural, Leverage Shares, WisdomTree Natural, WisdomTree, GraniteShares, and Leverage Shares. WisdomTree NASDAQ is entity of United Kingdom More
WisdomTree NASDAQ 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 NASDAQ'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 NASDAQ 100 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.068 | |||
| Maximum Drawdown | 16.46 | |||
| Value At Risk | (5.93) | |||
| Potential Upside | 4.6 |
WisdomTree NASDAQ Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree NASDAQ's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree NASDAQ's standard deviation. In reality, there are many statistical measures that can use WisdomTree NASDAQ historical prices to predict the future WisdomTree NASDAQ's volatility.| Risk Adjusted Performance | 0.091 | |||
| Jensen Alpha | 0.07 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0628 | |||
| Treynor Ratio | 0.1473 |
WisdomTree NASDAQ 100 Backtested Returns
WisdomTree NASDAQ appears to be very steady, given 3 months investment horizon. WisdomTree NASDAQ 100 shows Sharpe Ratio of 0.1, which attests that the etf had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree NASDAQ 100, which you can use to evaluate the volatility of the etf. Please utilize WisdomTree NASDAQ's Market Risk Adjusted Performance of 0.1573, mean deviation of 2.17, and Downside Deviation of 3.31 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 2.19, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, WisdomTree NASDAQ will likely underperform.
Auto-correlation | 0.52 |
Modest predictability
WisdomTree NASDAQ 100 has modest predictability. Overlapping area represents the amount of predictability between WisdomTree NASDAQ time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 NASDAQ 100 price movement. The serial correlation of 0.52 indicates that about 52.0% of current WisdomTree NASDAQ price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 240.6 K |
WisdomTree NASDAQ 100 lagged returns against current returns
Autocorrelation, which is WisdomTree NASDAQ 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 NASDAQ's etf expected returns. We can calculate the autocorrelation of WisdomTree NASDAQ returns to help us make a trade decision. For example, suppose you find that WisdomTree NASDAQ 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 NASDAQ 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 NASDAQ etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree NASDAQ etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree NASDAQ etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree NASDAQ Lagged Returns
When evaluating WisdomTree NASDAQ's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree NASDAQ etf have on its future price. WisdomTree NASDAQ 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 NASDAQ autocorrelation shows the relationship between WisdomTree NASDAQ etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree NASDAQ 100.
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 NASDAQ 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 NASDAQ security.