WisdomTree's market value is the price at which a share of WisdomTree trades on a public exchange. It measures the collective expectations of WisdomTree SP 500 investors about its performance. WisdomTree is trading at 117.86 as of the 13th of December 2024. This is a 0.66% increase since the beginning of the trading day. The etf's lowest day price was 116.94.
With this module, you can estimate the performance of a buy and hold strategy of WisdomTree SP 500 and determine expected loss or profit from investing in WisdomTree over a given investment horizon. Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Symbol
WisdomTree
WisdomTree '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'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.
0.00
11/19/2023
No Change 0.00
0.0
In 1 year and 26 days
12/13/2024
0.00
If you would invest 0.00 in WisdomTree on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree SP 500 or generate 0.0% return on investment in WisdomTree over 390 days.
WisdomTree 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'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 SP 500 upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree's standard deviation. In reality, there are many statistical measures that can use WisdomTree historical prices to predict the future WisdomTree's volatility.
WisdomTree appears to be very steady, given 3 months investment horizon. WisdomTree SP 500 shows Sharpe Ratio of 0.19, which attests that the etf had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree SP 500, which you can use to evaluate the volatility of the etf. Please utilize WisdomTree's Market Risk Adjusted Performance of 4.55, downside deviation of 1.9, and Mean Deviation of 1.46 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.11, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree is expected to be smaller as well.
Auto-correlation
0.60
Good predictability
WisdomTree SP 500 has good predictability. Overlapping area represents the amount of predictability between WisdomTree time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 SP 500 price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current WisdomTree price fluctuation can be explain by its past prices.
Correlation Coefficient
0.6
Spearman Rank Test
0.64
Residual Average
0.0
Price Variance
101.37
WisdomTree SP 500 lagged returns against current returns
Autocorrelation, which is WisdomTree 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's etf expected returns. We can calculate the autocorrelation of WisdomTree returns to help us make a trade decision. For example, suppose you find that WisdomTree 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 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 etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree etf over time.
Current vs Lagged Prices
Timeline
WisdomTree Lagged Returns
When evaluating WisdomTree's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree etf have on its future price. WisdomTree 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 autocorrelation shows the relationship between WisdomTree etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree SP 500.