Wbi Bullbear Quality Etf Market Value
| WBIL Etf | USD 37.05 0.38 1.04% |
| Symbol | WBI |
The market value of WBI BullBear Quality is measured differently than its book value, which is the value of WBI that is recorded on the company's balance sheet. Investors also form their own opinion of WBI BullBear's value that differs from its market value or its book value, called intrinsic value, which is WBI BullBear'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 WBI BullBear's market value can be influenced by many factors that don't directly affect WBI BullBear'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 WBI BullBear's value and its price as these two are different measures arrived at by different means. Investors typically determine if WBI BullBear is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WBI BullBear'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.
WBI BullBear '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 WBI BullBear'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 WBI BullBear.
| 05/28/2024 |
| 11/24/2024 |
If you would invest 0.00 in WBI BullBear on May 28, 2024 and sell it all today you would earn a total of 0.00 from holding WBI BullBear Quality or generate 0.0% return on investment in WBI BullBear over 180 days. WBI BullBear is related to or competes with FT Vest, Northern Lights, Dimensional International, First Trust, EA Series, FT Cboe, and FT Cboe. The fund will seek to invest in the equity securities of small-capitalization, mid-capitalization, and large capitalizat... More
WBI BullBear 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 WBI BullBear'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 WBI BullBear Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6601 | |||
| Information Ratio | 0.0193 | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (0.91) | |||
| Potential Upside | 1.29 |
WBI BullBear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WBI BullBear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WBI BullBear's standard deviation. In reality, there are many statistical measures that can use WBI BullBear historical prices to predict the future WBI BullBear's volatility.| Risk Adjusted Performance | 0.1565 | |||
| Jensen Alpha | 0.0457 | |||
| Total Risk Alpha | 0.0236 | |||
| Sortino Ratio | 0.0205 | |||
| Treynor Ratio | 0.183 |
WBI BullBear Quality Backtested Returns
As of now, WBI Etf is very steady. WBI BullBear Quality shows Sharpe Ratio of 0.19, which attests that the etf had a 0.19% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for WBI BullBear Quality, which you can use to evaluate the volatility of the entity. Please check out WBI BullBear's Downside Deviation of 0.6601, mean deviation of 0.5488, and Risk Adjusted Performance of 0.1565 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The entity maintains a market beta of 0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WBI BullBear's returns are expected to increase less than the market. However, during the bear market, the loss of holding WBI BullBear is expected to be smaller as well.
Auto-correlation | -0.06 |
Very weak reverse predictability
WBI BullBear Quality has very weak reverse predictability. Overlapping area represents the amount of predictability between WBI BullBear time series from 28th of May 2024 to 26th of August 2024 and 26th of August 2024 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 WBI BullBear Quality price movement. The serial correlation of -0.06 indicates that barely 6.0% of current WBI BullBear price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
WBI BullBear Quality lagged returns against current returns
Autocorrelation, which is WBI BullBear 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 WBI BullBear's etf expected returns. We can calculate the autocorrelation of WBI BullBear returns to help us make a trade decision. For example, suppose you find that WBI BullBear 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 |
WBI BullBear 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 WBI BullBear etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WBI BullBear etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WBI BullBear etf over time.
Current vs Lagged Prices |
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WBI BullBear Lagged Returns
When evaluating WBI BullBear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WBI BullBear etf have on its future price. WBI BullBear 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, WBI BullBear autocorrelation shows the relationship between WBI BullBear etf current value and its past values and can show if there is a momentum factor associated with investing in WBI BullBear Quality.
Regressed Prices |
| Timeline |
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WBI BullBear 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.