Wisdomtree Cybersecurity Etf Market Value
| WCBR Etf | USD 28.88 0.39 1.33% |
| Symbol | WisdomTree |
The market value of WisdomTree Cybersecurity 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 Cybersecurity's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Cybersecurity'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 Cybersecurity's market value can be influenced by many factors that don't directly affect WisdomTree Cybersecurity'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 Cybersecurity's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Cybersecurity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Cybersecurity'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 Cybersecurity '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 Cybersecurity'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 Cybersecurity.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in WisdomTree Cybersecurity on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Cybersecurity or generate 0.0% return on investment in WisdomTree Cybersecurity over 30 days. WisdomTree Cybersecurity is related to or competes with Nexalin Technology, Kilroy Realty, Highwoods Properties, Karat Packaging, and Brookfield Real. The index is designed to provide exposure to equity securities of exchange-listed companies globally, which are primaril... More
WisdomTree Cybersecurity 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 Cybersecurity'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 Cybersecurity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0343 | |||
| Maximum Drawdown | 7.01 | |||
| Value At Risk | (2.35) | |||
| Potential Upside | 2.45 |
WisdomTree Cybersecurity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Cybersecurity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Cybersecurity's standard deviation. In reality, there are many statistical measures that can use WisdomTree Cybersecurity historical prices to predict the future WisdomTree Cybersecurity's volatility.| Risk Adjusted Performance | 0.0976 | |||
| Jensen Alpha | 0.0155 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0358 | |||
| Treynor Ratio | 0.1274 |
WisdomTree Cybersecurity Backtested Returns
WisdomTree Cybersecurity appears to be very steady, given 3 months investment horizon. WisdomTree Cybersecurity shows Sharpe Ratio of 0.17, which attests that the etf had a 0.17% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Cybersecurity, which you can use to evaluate the volatility of the etf. Please utilize WisdomTree Cybersecurity's Downside Deviation of 1.38, mean deviation of 1.11, and Market Risk Adjusted Performance of 0.1374 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.29, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, WisdomTree Cybersecurity will likely underperform.
Auto-correlation | 0.96 |
Excellent predictability
WisdomTree Cybersecurity has excellent predictability. Overlapping area represents the amount of predictability between WisdomTree Cybersecurity time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Cybersecurity price movement. The serial correlation of 0.96 indicates that 96.0% of current WisdomTree Cybersecurity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.82 | |
| Residual Average | 0.0 | |
| Price Variance | 0.8 |
WisdomTree Cybersecurity lagged returns against current returns
Autocorrelation, which is WisdomTree Cybersecurity 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 Cybersecurity's etf expected returns. We can calculate the autocorrelation of WisdomTree Cybersecurity returns to help us make a trade decision. For example, suppose you find that WisdomTree Cybersecurity 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 Cybersecurity 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 Cybersecurity etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Cybersecurity etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Cybersecurity etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Cybersecurity Lagged Returns
When evaluating WisdomTree Cybersecurity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Cybersecurity etf have on its future price. WisdomTree Cybersecurity 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 Cybersecurity autocorrelation shows the relationship between WisdomTree Cybersecurity etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Cybersecurity.
Regressed Prices |
| Timeline |
Pair Trading with WisdomTree Cybersecurity
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 Cybersecurity 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 Cybersecurity will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.91 | VGT | Vanguard Information | PairCorr |
| 0.84 | XLK | Technology Select Sector | PairCorr |
| 0.88 | IYW | iShares Technology ETF | PairCorr |
Moving against WisdomTree Etf
| 0.72 | AIVI | WisdomTree International | PairCorr |
| 0.64 | WTRE | WisdomTree New Economy | PairCorr |
| 0.45 | VPL | Vanguard FTSE Pacific | PairCorr |
The ability to find closely correlated positions to WisdomTree Cybersecurity 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 Cybersecurity 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 Cybersecurity - 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 Cybersecurity to buy it.
The correlation of WisdomTree Cybersecurity 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 Cybersecurity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Cybersecurity 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 Cybersecurity 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 Cybersecurity Correlation, WisdomTree Cybersecurity Volatility and WisdomTree Cybersecurity Alpha and Beta module to complement your research on WisdomTree Cybersecurity. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
WisdomTree Cybersecurity 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.