Wisdomtree Managed Futures Etf Market Value
| WTMF Etf | USD 35.75 1.24 3.35% |
| Symbol | WisdomTree |
The market value of WisdomTree Managed 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 Managed's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Managed'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 Managed's market value can be influenced by many factors that don't directly affect WisdomTree Managed'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 Managed's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Managed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Managed'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 Managed '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 Managed'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 Managed.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in WisdomTree Managed on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Managed Futures or generate 0.0% return on investment in WisdomTree Managed over 30 days. WisdomTree Managed is related to or competes with IMGP DBi, First Trust, Simplify Exchange, and . The fund normally invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purpos... More
WisdomTree Managed 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 Managed'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 Managed Futures upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7619 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 2.63 | |||
| Value At Risk | (0.87) | |||
| Potential Upside | 0.7905 |
WisdomTree Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Managed's standard deviation. In reality, there are many statistical measures that can use WisdomTree Managed historical prices to predict the future WisdomTree Managed's volatility.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0869 |
WisdomTree Managed Backtested Returns
At this point, WisdomTree Managed is very steady. WisdomTree Managed shows Sharpe Ratio of 0.0378, which attests that the etf had a 0.0378% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Managed, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Managed's Market Risk Adjusted Performance of 0.0969, downside deviation of 0.7619, and Mean Deviation of 0.5348 to validate if the risk estimate we provide is consistent with the expected return of 0.0334%. The entity maintains a market beta of 0.38, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Managed is expected to be smaller as well.
Auto-correlation | 0.46 |
Average predictability
WisdomTree Managed Futures has average predictability. Overlapping area represents the amount of predictability between WisdomTree Managed time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Managed price movement. The serial correlation of 0.46 indicates that about 46.0% of current WisdomTree Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
WisdomTree Managed lagged returns against current returns
Autocorrelation, which is WisdomTree Managed 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 Managed's etf expected returns. We can calculate the autocorrelation of WisdomTree Managed returns to help us make a trade decision. For example, suppose you find that WisdomTree Managed 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 Managed 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 Managed etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Managed etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Managed etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Managed Lagged Returns
When evaluating WisdomTree Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Managed etf have on its future price. WisdomTree Managed 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 Managed autocorrelation shows the relationship between WisdomTree Managed etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Managed Futures.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
When determining whether WisdomTree Managed is a strong investment it is important to analyze WisdomTree Managed's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WisdomTree Managed's future performance. For an informed investment choice regarding WisdomTree Etf, refer to the following important reports:Check out WisdomTree Managed Correlation, WisdomTree Managed Volatility and WisdomTree Managed Alpha and Beta module to complement your research on WisdomTree Managed. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
WisdomTree Managed 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.