WisdomTree Enhanced (UK) Market Value
| WCOG Etf | 1,072 3.00 0.28% |
| Symbol | WisdomTree |
WisdomTree Enhanced '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 Enhanced'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 Enhanced.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in WisdomTree Enhanced on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Enhanced Commodity or generate 0.0% return on investment in WisdomTree Enhanced over 180 days. WisdomTree Enhanced is related to or competes with Vanguard FTSE, Leverage Shares, Amundi Index, Amundi Index, Albion Venture, Leverage Shares, and Leverage Shares. WisdomTree Enhanced is entity of United Kingdom More
WisdomTree Enhanced 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 Enhanced'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 Enhanced Commodity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.753 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.4 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.3 |
WisdomTree Enhanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Enhanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Enhanced's standard deviation. In reality, there are many statistical measures that can use WisdomTree Enhanced historical prices to predict the future WisdomTree Enhanced's volatility.| Risk Adjusted Performance | 0.1067 | |||
| Jensen Alpha | 0.1167 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.73) |
WisdomTree Enhanced Backtested Returns
Currently, WisdomTree Enhanced Commodity is very steady. WisdomTree Enhanced shows Sharpe Ratio of 0.14, which attests that the etf had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Enhanced, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Enhanced's Mean Deviation of 0.6142, market risk adjusted performance of (0.72), and Downside Deviation of 0.753 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The entity maintains a market beta of -0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Enhanced are expected to decrease at a much lower rate. During the bear market, WisdomTree Enhanced is likely to outperform the market.
Auto-correlation | -0.69 |
Very good reverse predictability
WisdomTree Enhanced Commodity has very good reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Enhanced time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Enhanced price movement. The serial correlation of -0.69 indicates that around 69.0% of current WisdomTree Enhanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 710.47 |
WisdomTree Enhanced lagged returns against current returns
Autocorrelation, which is WisdomTree Enhanced 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 Enhanced's etf expected returns. We can calculate the autocorrelation of WisdomTree Enhanced returns to help us make a trade decision. For example, suppose you find that WisdomTree Enhanced 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 |
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WisdomTree Enhanced 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 Enhanced etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Enhanced etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Enhanced etf over time.
Current vs Lagged Prices |
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WisdomTree Enhanced Lagged Returns
When evaluating WisdomTree Enhanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Enhanced etf have on its future price. WisdomTree Enhanced 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 Enhanced autocorrelation shows the relationship between WisdomTree Enhanced etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Enhanced Commodity.
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.Other Information on Investing in WisdomTree Etf
WisdomTree Enhanced financial ratios help investors to determine whether WisdomTree Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in WisdomTree with respect to the benefits of owning WisdomTree Enhanced security.