WisdomTree Bitcoin's market value is the price at which a share of WisdomTree Bitcoin trades on a public exchange. It measures the collective expectations of WisdomTree Bitcoin EUR investors about its performance. WisdomTree Bitcoin is trading at 21.59 as of the 29th of November 2024, a 0.78% down since the beginning of the trading day. The etf's open price was 21.76. With this module, you can estimate the performance of a buy and hold strategy of WisdomTree Bitcoin EUR and determine expected loss or profit from investing in WisdomTree Bitcoin over a given investment horizon. Check out Your Current Watchlist 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 board of governors.
Symbol
WisdomTree
WisdomTree Bitcoin '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 Bitcoin'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 Bitcoin.
0.00
06/08/2023
No Change 0.00
0.0
In 1 year 5 months and 25 days
11/29/2024
0.00
If you would invest 0.00 in WisdomTree Bitcoin on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree Bitcoin EUR or generate 0.0% return on investment in WisdomTree Bitcoin over 540 days.
WisdomTree Bitcoin 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 Bitcoin'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 Bitcoin EUR 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 Bitcoin's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Bitcoin's standard deviation. In reality, there are many statistical measures that can use WisdomTree Bitcoin historical prices to predict the future WisdomTree Bitcoin's volatility.
WisdomTree Bitcoin appears to be not too volatile, given 3 months investment horizon. WisdomTree Bitcoin EUR shows Sharpe Ratio of 0.28, which attests that the etf had a 0.28% return per unit of risk over the last 3 months. By examining WisdomTree Bitcoin's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please utilize WisdomTree Bitcoin's Downside Deviation of 2.43, market risk adjusted performance of 2.12, and Mean Deviation of 2.41 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Bitcoin's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Bitcoin is expected to be smaller as well.
Auto-correlation
0.48
Average predictability
WisdomTree Bitcoin EUR has average predictability. Overlapping area represents the amount of predictability between WisdomTree Bitcoin time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th 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 Bitcoin EUR price movement. The serial correlation of 0.48 indicates that about 48.0% of current WisdomTree Bitcoin price fluctuation can be explain by its past prices.
Correlation Coefficient
0.48
Spearman Rank Test
0.05
Residual Average
0.0
Price Variance
3.65
WisdomTree Bitcoin EUR lagged returns against current returns
Autocorrelation, which is WisdomTree Bitcoin 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 Bitcoin's etf expected returns. We can calculate the autocorrelation of WisdomTree Bitcoin returns to help us make a trade decision. For example, suppose you find that WisdomTree Bitcoin 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 Bitcoin 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 Bitcoin etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Bitcoin etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Bitcoin etf over time.
Current vs Lagged Prices
Timeline
WisdomTree Bitcoin Lagged Returns
When evaluating WisdomTree Bitcoin's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Bitcoin etf have on its future price. WisdomTree Bitcoin 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 Bitcoin autocorrelation shows the relationship between WisdomTree Bitcoin etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Bitcoin EUR.
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.