WisdomTree Wheat (France) Market Value
| WEATP Etf | EUR 20.32 0.02 0.1% |
| Symbol | WisdomTree |
WisdomTree Wheat '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 Wheat'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 Wheat.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in WisdomTree Wheat on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Wheat EUR or generate 0.0% return on investment in WisdomTree Wheat over 30 days. WisdomTree Wheat is related to or competes with Lyxor UCITS, Xtrackers MSCI, and SPDR SP. More
WisdomTree Wheat 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 Wheat'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 Wheat EUR upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.6 | |||
| Information Ratio | 0.0283 | |||
| Maximum Drawdown | 5.82 | |||
| Value At Risk | (2.40) | |||
| Potential Upside | 2.65 |
WisdomTree Wheat Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Wheat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Wheat's standard deviation. In reality, there are many statistical measures that can use WisdomTree Wheat historical prices to predict the future WisdomTree Wheat's volatility.| Risk Adjusted Performance | 0.0911 | |||
| Jensen Alpha | 0.169 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0275 | |||
| Treynor Ratio | (4.84) |
WisdomTree Wheat EUR Backtested Returns
Currently, WisdomTree Wheat EUR is very steady. WisdomTree Wheat EUR shows Sharpe Ratio of 0.11, which attests that the etf had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WisdomTree Wheat EUR, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Wheat's Mean Deviation of 1.3, downside deviation of 1.6, and Market Risk Adjusted Performance of (4.83) to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The entity maintains a market beta of -0.0341, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Wheat are expected to decrease at a much lower rate. During the bear market, WisdomTree Wheat is likely to outperform the market.
Auto-correlation | -0.03 |
Very weak reverse predictability
WisdomTree Wheat EUR has very weak reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Wheat time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Wheat EUR price movement. The serial correlation of -0.03 indicates that only 3.0% of current WisdomTree Wheat price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
WisdomTree Wheat EUR lagged returns against current returns
Autocorrelation, which is WisdomTree Wheat 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 Wheat's etf expected returns. We can calculate the autocorrelation of WisdomTree Wheat returns to help us make a trade decision. For example, suppose you find that WisdomTree Wheat 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 Wheat 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 Wheat etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Wheat etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Wheat etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Wheat Lagged Returns
When evaluating WisdomTree Wheat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Wheat etf have on its future price. WisdomTree Wheat 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 Wheat autocorrelation shows the relationship between WisdomTree Wheat etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Wheat 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.Other Information on Investing in WisdomTree Etf
WisdomTree Wheat 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 Wheat security.