Wisdomtree Biorevolution Etf Market Value
| WDNA Etf | USD 14.91 0.00 0.00% |
| Symbol | WisdomTree |
The market value of WisdomTree BioRevolution 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 BioRevolution's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree BioRevolution'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 BioRevolution's market value can be influenced by many factors that don't directly affect WisdomTree BioRevolution'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 BioRevolution's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree BioRevolution is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree BioRevolution'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 BioRevolution '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 BioRevolution'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 BioRevolution.
| 01/04/2025 |
| 02/03/2025 |
If you would invest 0.00 in WisdomTree BioRevolution on January 4, 2025 and sell it all today you would earn a total of 0.00 from holding WisdomTree BioRevolution or generate 0.0% return on investment in WisdomTree BioRevolution over 30 days. WisdomTree BioRevolution is related to or competes with WisdomTree Cybersecurity, IShares Genomics, and Global X. The fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally wil... More
WisdomTree BioRevolution 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 BioRevolution'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 BioRevolution upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 6.86 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 1.73 |
WisdomTree BioRevolution Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree BioRevolution's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree BioRevolution's standard deviation. In reality, there are many statistical measures that can use WisdomTree BioRevolution historical prices to predict the future WisdomTree BioRevolution's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.16) | |||
| Treynor Ratio | (0.08) |
WisdomTree BioRevolution Backtested Returns
WisdomTree BioRevolution shows Sharpe Ratio of -0.0523, which attests that the etf had a -0.0523 % return per unit of risk over the last 3 months. WisdomTree BioRevolution exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree BioRevolution's Mean Deviation of 1.05, market risk adjusted performance of (0.07), and Standard Deviation of 1.39 to validate the risk estimate we provide. The entity maintains a market beta of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree BioRevolution's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree BioRevolution is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
WisdomTree BioRevolution has good reverse predictability. Overlapping area represents the amount of predictability between WisdomTree BioRevolution time series from 4th of January 2025 to 19th of January 2025 and 19th of January 2025 to 3rd of February 2025. 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 BioRevolution price movement. The serial correlation of -0.51 indicates that about 51.0% of current WisdomTree BioRevolution price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
WisdomTree BioRevolution lagged returns against current returns
Autocorrelation, which is WisdomTree BioRevolution 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 BioRevolution's etf expected returns. We can calculate the autocorrelation of WisdomTree BioRevolution returns to help us make a trade decision. For example, suppose you find that WisdomTree BioRevolution 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 BioRevolution 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 BioRevolution etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree BioRevolution etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree BioRevolution etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree BioRevolution Lagged Returns
When evaluating WisdomTree BioRevolution's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree BioRevolution etf have on its future price. WisdomTree BioRevolution 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 BioRevolution autocorrelation shows the relationship between WisdomTree BioRevolution etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree BioRevolution.
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.When determining whether WisdomTree BioRevolution offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WisdomTree BioRevolution's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wisdomtree Biorevolution Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Wisdomtree Biorevolution Etf:Check out WisdomTree BioRevolution Correlation, WisdomTree BioRevolution Volatility and WisdomTree BioRevolution Alpha and Beta module to complement your research on WisdomTree BioRevolution. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
WisdomTree BioRevolution 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.