Wisdomtree Yield Enhanced Etf Market Value
| SHAG Etf | USD 47.44 0.07 0.15% |
| Symbol | WisdomTree |
The market value of WisdomTree Yield Enhanced 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 Yield's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Yield'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 Yield's market value can be influenced by many factors that don't directly affect WisdomTree Yield'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 Yield's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Yield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Yield'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 Yield '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 Yield'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 Yield.
| 06/09/2023 |
| 11/30/2024 |
If you would invest 0.00 in WisdomTree Yield on June 9, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree Yield Enhanced or generate 0.0% return on investment in WisdomTree Yield over 540 days. WisdomTree Yield is related to or competes with WisdomTree Yield, SPDR DoubleLine, and WisdomTree Multifactor. Under normal circumstances, at least 80 percent of the funds total assets will be invested in component securities of th... More
WisdomTree Yield 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 Yield'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 Yield Enhanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1228 | |||
| Information Ratio | (0.97) | |||
| Maximum Drawdown | 0.5694 | |||
| Value At Risk | (0.15) | |||
| Potential Upside | 0.2118 |
WisdomTree Yield Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Yield's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Yield's standard deviation. In reality, there are many statistical measures that can use WisdomTree Yield historical prices to predict the future WisdomTree Yield's volatility.| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (1.06) | |||
| Treynor Ratio | 0.2403 |
WisdomTree Yield Enhanced Backtested Returns
At this point, WisdomTree Yield is very steady. WisdomTree Yield Enhanced shows Sharpe Ratio of 0.0541, which attests that the etf had a 0.0541% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WisdomTree Yield Enhanced, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Yield's Mean Deviation of 0.1048, downside deviation of 0.1228, and Market Risk Adjusted Performance of 0.2503 to validate if the risk estimate we provide is consistent with the expected return of 0.0074%. The entity maintains a market beta of -0.0106, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Yield are expected to decrease at a much lower rate. During the bear market, WisdomTree Yield is likely to outperform the market.
Auto-correlation | 0.85 |
Very good predictability
WisdomTree Yield Enhanced has very good predictability. Overlapping area represents the amount of predictability between WisdomTree Yield time series from 9th of June 2023 to 5th of March 2024 and 5th of March 2024 to 30th 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 Yield Enhanced price movement. The serial correlation of 0.85 indicates that around 85.0% of current WisdomTree Yield price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.61 |
WisdomTree Yield Enhanced lagged returns against current returns
Autocorrelation, which is WisdomTree Yield 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 Yield's etf expected returns. We can calculate the autocorrelation of WisdomTree Yield returns to help us make a trade decision. For example, suppose you find that WisdomTree Yield 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 |
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WisdomTree Yield 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 Yield etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Yield etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Yield etf over time.
Current vs Lagged Prices |
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WisdomTree Yield Lagged Returns
When evaluating WisdomTree Yield's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Yield etf have on its future price. WisdomTree Yield 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 Yield autocorrelation shows the relationship between WisdomTree Yield etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Yield Enhanced.
Regressed Prices |
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Currently Active Assets on Macroaxis
When determining whether WisdomTree Yield Enhanced is a strong investment it is important to analyze WisdomTree Yield's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WisdomTree Yield's future performance. For an informed investment choice regarding WisdomTree Etf, refer to the following important reports:Check out WisdomTree Yield Correlation, WisdomTree Yield Volatility and WisdomTree Yield Alpha and Beta module to complement your research on WisdomTree Yield. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
WisdomTree Yield 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.