Wisdomtree Floating Rate Etf Market Value
| USFR Etf | USD 50.43 0.01 0.02% |
| Symbol | WisdomTree |
The market value of WisdomTree Floating Rate 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 Floating's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Floating'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 Floating's market value can be influenced by many factors that don't directly affect WisdomTree Floating'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 Floating's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Floating is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Floating'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 Floating '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 Floating'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 Floating.
| 10/22/2024 |
| 11/21/2024 |
If you would invest 0.00 in WisdomTree Floating on October 22, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Floating Rate or generate 0.0% return on investment in WisdomTree Floating over 30 days. WisdomTree Floating is related to or competes with SPDR Bloomberg, JPMorgan Ultra, IShares Ultra, First Trust, IShares 0, Goldman Sachs, and SPDR Bloomberg. The fund invests at least 80 percent of its total assets in the component securities of the index and investments that h... More
WisdomTree Floating 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 Floating'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 Floating Rate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0214 | |||
| Information Ratio | (3.34) | |||
| Maximum Drawdown | 0.0803 | |||
| Value At Risk | (0.02) | |||
| Potential Upside | 0.06 |
WisdomTree Floating Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Floating's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Floating's standard deviation. In reality, there are many statistical measures that can use WisdomTree Floating historical prices to predict the future WisdomTree Floating's volatility.| Risk Adjusted Performance | 0.3087 | |||
| Jensen Alpha | 0.0089 | |||
| Total Risk Alpha | 0.0065 | |||
| Sortino Ratio | (3.57) | |||
| Treynor Ratio | 4.31 |
WisdomTree Floating Rate Backtested Returns
Currently, WisdomTree Floating Rate is very steady. WisdomTree Floating Rate shows Sharpe Ratio of 0.83, which attests that the etf had a 0.83% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WisdomTree Floating Rate, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Floating's Market Risk Adjusted Performance of 4.32, coefficient of variation of 119.87, and Mean Deviation of 0.0176 to validate if the risk estimate we provide is consistent with the expected return of 0.0187%. The entity maintains a market beta of 0.0021, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Floating's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Floating is expected to be smaller as well.
Auto-correlation | 0.97 |
Excellent predictability
WisdomTree Floating Rate has excellent predictability. Overlapping area represents the amount of predictability between WisdomTree Floating time series from 22nd of October 2024 to 6th of November 2024 and 6th of November 2024 to 21st 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 Floating Rate price movement. The serial correlation of 0.97 indicates that 97.0% of current WisdomTree Floating price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.97 | |
| Spearman Rank Test | 0.99 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
WisdomTree Floating Rate lagged returns against current returns
Autocorrelation, which is WisdomTree Floating 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 Floating's etf expected returns. We can calculate the autocorrelation of WisdomTree Floating returns to help us make a trade decision. For example, suppose you find that WisdomTree Floating 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 Floating 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 Floating etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Floating etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Floating etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Floating Lagged Returns
When evaluating WisdomTree Floating's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Floating etf have on its future price. WisdomTree Floating 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 Floating autocorrelation shows the relationship between WisdomTree Floating etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Floating Rate.
Regressed Prices |
| Timeline |
Pair Trading with WisdomTree Floating
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if WisdomTree Floating position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WisdomTree Floating will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 1.0 | BIL | SPDR Bloomberg 1 | PairCorr |
| 0.99 | SHV | iShares Short Treasury | PairCorr |
| 0.95 | JPST | JPMorgan Ultra Short Sell-off Trend | PairCorr |
| 0.98 | ICSH | iShares Ultra Short | PairCorr |
Moving against WisdomTree Etf
The ability to find closely correlated positions to WisdomTree Floating could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree Floating when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WisdomTree Floating - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WisdomTree Floating Rate to buy it.
The correlation of WisdomTree Floating is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Floating moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Floating Rate moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for WisdomTree Floating can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out WisdomTree Floating Correlation, WisdomTree Floating Volatility and WisdomTree Floating Alpha and Beta module to complement your research on WisdomTree Floating. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
WisdomTree Floating 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.