Wisdomtree 9060 Balanced Etf Market Value
| NTSX Etf | USD 48.11 0.34 0.71% |
| Symbol | WisdomTree |
The market value of WisdomTree 9060 Balanced 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 9060's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree 9060'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 9060's market value can be influenced by many factors that don't directly affect WisdomTree 9060'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 9060's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree 9060 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree 9060'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 9060 '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 9060'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 9060.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in WisdomTree 9060 on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree 9060 Balanced or generate 0.0% return on investment in WisdomTree 9060 over 30 days. WisdomTree 9060 is related to or competes with Amplify BlackSwan, RPAR Risk, WisdomTree International, and IMGP DBi. It seeks to achieve its investment objective by investing in large-capitalization U.S More
WisdomTree 9060 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 9060'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 9060 Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8105 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.33 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.26 |
WisdomTree 9060 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree 9060's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree 9060's standard deviation. In reality, there are many statistical measures that can use WisdomTree 9060 historical prices to predict the future WisdomTree 9060's volatility.| Risk Adjusted Performance | 0.0816 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0935 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree 9060's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WisdomTree 9060 Balanced Backtested Returns
At this stage we consider WisdomTree Etf to be very steady. WisdomTree 9060 Balanced 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 9060 Balanced, which you can use to evaluate the volatility of the etf. Please check out WisdomTree 9060's Mean Deviation of 0.5875, downside deviation of 0.8105, and Market Risk Adjusted Performance of 0.1035 to validate if the risk estimate we provide is consistent with the expected return of 0.0809%. The entity maintains a market beta of 0.77, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree 9060's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree 9060 is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
WisdomTree 9060 Balanced has modest predictability. Overlapping area represents the amount of predictability between WisdomTree 9060 time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 9060 Balanced price movement. The serial correlation of 0.54 indicates that about 54.0% of current WisdomTree 9060 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
WisdomTree 9060 Balanced lagged returns against current returns
Autocorrelation, which is WisdomTree 9060 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 9060's etf expected returns. We can calculate the autocorrelation of WisdomTree 9060 returns to help us make a trade decision. For example, suppose you find that WisdomTree 9060 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 9060 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 9060 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree 9060 etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree 9060 etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree 9060 Lagged Returns
When evaluating WisdomTree 9060's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree 9060 etf have on its future price. WisdomTree 9060 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 9060 autocorrelation shows the relationship between WisdomTree 9060 etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree 9060 Balanced.
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.When determining whether WisdomTree 9060 Balanced offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WisdomTree 9060's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wisdomtree 9060 Balanced Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Wisdomtree 9060 Balanced Etf:Check out WisdomTree 9060 Correlation, WisdomTree 9060 Volatility and WisdomTree 9060 Alpha and Beta module to complement your research on WisdomTree 9060. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
WisdomTree 9060 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.