WisdomTree Natural (UK) Market Value
| NGSP Etf | 596.60 18.80 3.25% |
| Symbol | WisdomTree |
WisdomTree Natural '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 Natural'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 Natural.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in WisdomTree Natural on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Natural Gas or generate 0.0% return on investment in WisdomTree Natural over 30 days. WisdomTree Natural is related to or competes with WisdomTree NASDAQ, WisdomTree, WisdomTree Silver, Invesco Technology, Invesco Technology, and Invesco EQQQ. WisdomTree Natural is entity of United Kingdom More
WisdomTree Natural 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 Natural'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 Natural Gas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.7 | |||
| Information Ratio | 0.0436 | |||
| Maximum Drawdown | 15.34 | |||
| Value At Risk | (3.28) | |||
| Potential Upside | 6.05 |
WisdomTree Natural Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Natural's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Natural's standard deviation. In reality, there are many statistical measures that can use WisdomTree Natural historical prices to predict the future WisdomTree Natural's volatility.| Risk Adjusted Performance | 0.0752 | |||
| Jensen Alpha | 0.2575 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0468 | |||
| Treynor Ratio | (2.74) |
WisdomTree Natural Gas Backtested Returns
WisdomTree Natural appears to be very steady, given 3 months investment horizon. WisdomTree Natural Gas shows Sharpe Ratio of 0.0981, which attests that the etf had a 0.0981% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Natural Gas, which you can use to evaluate the volatility of the etf. Please utilize WisdomTree Natural's Downside Deviation of 2.7, market risk adjusted performance of (2.73), and Mean Deviation of 2.21 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of -0.09, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Natural are expected to decrease at a much lower rate. During the bear market, WisdomTree Natural is likely to outperform the market.
Auto-correlation | 0.17 |
Very weak predictability
WisdomTree Natural Gas has very weak predictability. Overlapping area represents the amount of predictability between WisdomTree Natural time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Natural Gas price movement. The serial correlation of 0.17 indicates that over 17.0% of current WisdomTree Natural price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 966.38 |
WisdomTree Natural Gas lagged returns against current returns
Autocorrelation, which is WisdomTree Natural 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 Natural's etf expected returns. We can calculate the autocorrelation of WisdomTree Natural returns to help us make a trade decision. For example, suppose you find that WisdomTree Natural 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 Natural 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 Natural etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Natural etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Natural etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Natural Lagged Returns
When evaluating WisdomTree Natural's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Natural etf have on its future price. WisdomTree Natural 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 Natural autocorrelation shows the relationship between WisdomTree Natural etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Natural Gas.
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 Natural 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 Natural security.