Wisdomtree Mortgage Plus Etf Market Value
| MTGP Etf | USD 43.42 0.04 0.09% |
| Symbol | WisdomTree |
The market value of WisdomTree Mortgage Plus 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 Mortgage's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Mortgage'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 Mortgage's market value can be influenced by many factors that don't directly affect WisdomTree Mortgage'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 Mortgage's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Mortgage is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Mortgage'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 Mortgage '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 Mortgage'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 Mortgage.
| 07/12/2024 |
| 02/07/2025 |
If you would invest 0.00 in WisdomTree Mortgage on July 12, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Mortgage Plus or generate 0.0% return on investment in WisdomTree Mortgage over 210 days. WisdomTree Mortgage is related to or competes with First Trust, Overlay Shares, and Janus Henderson. The fund, an actively managed ETF, utilizes an investment process combining both macro and fundamental research by inves... More
WisdomTree Mortgage 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 Mortgage'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 Mortgage Plus upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3273 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 2.35 | |||
| Value At Risk | (0.53) | |||
| Potential Upside | 0.5822 |
WisdomTree Mortgage Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Mortgage's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Mortgage's standard deviation. In reality, there are many statistical measures that can use WisdomTree Mortgage historical prices to predict the future WisdomTree Mortgage's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.27) | |||
| Treynor Ratio | 0.0038 |
WisdomTree Mortgage Plus Backtested Returns
Currently, WisdomTree Mortgage Plus is very steady. WisdomTree Mortgage Plus shows Sharpe Ratio of 0.0225, which attests that the etf had a 0.0225 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WisdomTree Mortgage Plus, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Mortgage's Downside Deviation of 0.3273, market risk adjusted performance of 0.0138, and Mean Deviation of 0.2621 to validate if the risk estimate we provide is consistent with the expected return of 0.0081%. The entity maintains a market beta of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Mortgage's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Mortgage is expected to be smaller as well.
Auto-correlation | -0.32 |
Poor reverse predictability
WisdomTree Mortgage Plus has poor reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Mortgage time series from 12th of July 2024 to 25th of October 2024 and 25th of October 2024 to 7th of February 2025. 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 Mortgage Plus price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current WisdomTree Mortgage price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
WisdomTree Mortgage Plus lagged returns against current returns
Autocorrelation, which is WisdomTree Mortgage 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 Mortgage's etf expected returns. We can calculate the autocorrelation of WisdomTree Mortgage returns to help us make a trade decision. For example, suppose you find that WisdomTree Mortgage 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 Mortgage 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 Mortgage etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Mortgage etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Mortgage etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Mortgage Lagged Returns
When evaluating WisdomTree Mortgage's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Mortgage etf have on its future price. WisdomTree Mortgage 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 Mortgage autocorrelation shows the relationship between WisdomTree Mortgage etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Mortgage Plus.
Regressed Prices |
| Timeline |
When determining whether WisdomTree Mortgage Plus is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if WisdomTree Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Wisdomtree Mortgage Plus Etf. Highlighted below are key reports to facilitate an investment decision about Wisdomtree Mortgage Plus Etf:
Check out WisdomTree Mortgage Correlation, WisdomTree Mortgage Volatility and WisdomTree Mortgage Alpha and Beta module to complement your research on WisdomTree Mortgage. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
WisdomTree Mortgage 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.