Wisdomtree Digital Trust Fund Market Value
| SPXUX Fund | 15.61 0.07 0.45% |
| Symbol | Wisdomtree |
Wisdomtree Digital '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 Digital's mutual fund 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 Digital.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Wisdomtree Digital on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Wisdomtree Digital Trust or generate 0.0% return on investment in Wisdomtree Digital over 720 days. Wisdomtree Digital is related to or competes with Wisdomtree Digital, Wisdomtree Digital, Wisdomtree Digital, Wisdomtree Digital, Wisdomtree Digital, Wisdomtree Digital, and Deutsche Global. The fund is designed to track the performance of the WisdomTree 500 Index through the use of a representative sampling s... More
Wisdomtree Digital 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 Digital's mutual fund 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 Digital Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.874 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 3.95 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.22 |
Wisdomtree Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wisdomtree Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wisdomtree Digital's standard deviation. In reality, there are many statistical measures that can use Wisdomtree Digital historical prices to predict the future Wisdomtree Digital's volatility.| Risk Adjusted Performance | 0.1246 | |||
| Jensen Alpha | 0.0138 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1367 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wisdomtree Digital'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 Digital Trust Backtested Returns
At this stage we consider Wisdomtree Mutual Fund to be very steady. Wisdomtree Digital Trust shows Sharpe Ratio of 0.15, which attests that the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wisdomtree Digital Trust, which you can use to evaluate the volatility of the fund. Please check out Wisdomtree Digital's Market Risk Adjusted Performance of 0.1467, downside deviation of 0.874, and Mean Deviation of 0.5725 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The entity maintains a market beta of 0.87, which attests to possible diversification benefits within a given portfolio. Wisdomtree Digital returns are very sensitive to returns on the market. As the market goes up or down, Wisdomtree Digital is expected to follow.
Auto-correlation | 0.80 |
Very good predictability
Wisdomtree Digital Trust has very good predictability. Overlapping area represents the amount of predictability between Wisdomtree Digital time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Digital Trust price movement. The serial correlation of 0.8 indicates that around 80.0% of current Wisdomtree Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.81 |
Wisdomtree Digital Trust lagged returns against current returns
Autocorrelation, which is Wisdomtree Digital mutual fund'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 Digital's mutual fund expected returns. We can calculate the autocorrelation of Wisdomtree Digital returns to help us make a trade decision. For example, suppose you find that Wisdomtree Digital has exhibited high autocorrelation historically, and you observe that the mutual fund 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 Digital 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 Digital mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wisdomtree Digital mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wisdomtree Digital mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wisdomtree Digital Lagged Returns
When evaluating Wisdomtree Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wisdomtree Digital mutual fund have on its future price. Wisdomtree Digital 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 Digital autocorrelation shows the relationship between Wisdomtree Digital mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wisdomtree Digital Trust.
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 Mutual Fund
Wisdomtree Digital financial ratios help investors to determine whether Wisdomtree Mutual Fund 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 Digital security.
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