Wisdomtree 7 10 Year Etf Market Value
| USIN Etf | 49.63 0.10 0.20% |
| Symbol | WisdomTree |
The market value of WisdomTree 7 10 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's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree'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's market value can be influenced by many factors that don't directly affect WisdomTree'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's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree'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 '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.
| 08/05/2023 |
| 11/27/2024 |
If you would invest 0.00 in WisdomTree on August 5, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree 7 10 Year or generate 0.0% return on investment in WisdomTree over 480 days. WisdomTree is related to or competes with SPDR Barclays, SPDR Portfolio, SPDR Barclays, SPDR Barclays, and Vanguard Long. WisdomTree is entity of United States. It is traded as Etf on NASDAQ exchange. More
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 7 10 Year upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.44) | |||
| Maximum Drawdown | 1.76 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.589 |
WisdomTree Market Risk Indicators
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.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.4048 |
WisdomTree 7 10 Backtested Returns
WisdomTree 7 10 shows Sharpe Ratio of -0.0893, which attests that the etf had a -0.0893% return per unit of risk over the last 3 months. WisdomTree 7 10 exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree's Market Risk Adjusted Performance of 0.4148, standard deviation of 0.3799, and Mean Deviation of 0.2728 to validate the risk estimate we provide. The entity maintains a market beta of -0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree are expected to decrease at a much lower rate. During the bear market, WisdomTree is likely to outperform the market.
Auto-correlation | -0.47 |
Modest reverse predictability
WisdomTree 7 10 Year has modest reverse predictability. Overlapping area represents the amount of predictability between WisdomTree time series from 5th of August 2023 to 1st of April 2024 and 1st of April 2024 to 27th 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 7 10 price movement. The serial correlation of -0.47 indicates that about 47.0% of current WisdomTree price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.47 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
WisdomTree 7 10 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 7 10 Year.
Regressed Prices |
| Timeline |
Pair Trading with WisdomTree
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 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 will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.99 | TLT | iShares 20 Year Aggressive Push | PairCorr |
| 1.0 | IEF | iShares 7 10 | PairCorr |
| 0.99 | SPTL | SPDR Barclays Long | PairCorr |
| 0.99 | TLH | iShares 10 20 | PairCorr |
| 0.98 | EDV | Vanguard Extended | PairCorr |
Moving against WisdomTree Etf
| 0.9 | NVDL | GraniteShares 15x Long | PairCorr |
| 0.9 | NVDX | T Rex 2X | PairCorr |
| 0.9 | NVDU | Direxion Daily NVDA | PairCorr |
| 0.86 | CRPT | First Trust SkyBridge | PairCorr |
| 0.85 | DAPP | VanEck Digital Trans | PairCorr |
The ability to find closely correlated positions to WisdomTree 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 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 - 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 7 10 Year to buy it.
The correlation of WisdomTree 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree 7 10 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 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 Correlation, WisdomTree Volatility and WisdomTree Alpha and Beta module to complement your research on WisdomTree. To learn how to invest in WisdomTree Etf, please use our How to Invest in WisdomTree guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
WisdomTree 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.