Wisdomtree High Yield Etf Technical Analysis
| WFHYDelisted Etf | USD 44.84 0.30 0.67% |
As of the 29th of November, WisdomTree High maintains the Downside Deviation of 1.16, market risk adjusted performance of 0.1698, and Mean Deviation of 0.3934. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of WisdomTree High Yield, as well as the relationship between them.
WisdomTree High Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as WisdomTree, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WisdomTreeWisdomTree |
WisdomTree High 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, delisted etf market cycles, or different charting patterns.
WisdomTree High Yield Technical Analysis
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WisdomTree High Yield Trend Analysis
Use this graph to draw trend lines for WisdomTree High Yield. You can use it to identify possible trend reversals for WisdomTree High as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual WisdomTree High price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.WisdomTree High Best Fit Change Line
The following chart estimates an ordinary least squares regression model for WisdomTree High Yield applied against its price change over selected period. The best fit line has a slop of 0.05 , which means WisdomTree High Yield will continue generating value for investors. It has 122 observation points and a regression sum of squares at 77.44, which is the sum of squared deviations for the predicted WisdomTree High price change compared to its average price change.About WisdomTree High Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of WisdomTree High Yield on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of WisdomTree High Yield based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on WisdomTree High Yield price pattern first instead of the macroeconomic environment surrounding WisdomTree High Yield. By analyzing WisdomTree High's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of WisdomTree High's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to WisdomTree High specific price patterns or momentum indicators. Please read more on our technical analysis page.
WisdomTree High November 29, 2024 Technical Indicators
Most technical analysis of WisdomTree help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for WisdomTree from various momentum indicators to cycle indicators. When you analyze WisdomTree charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | 0.026 | |||
| Market Risk Adjusted Performance | 0.1698 | |||
| Mean Deviation | 0.3934 | |||
| Semi Deviation | 0.9908 | |||
| Downside Deviation | 1.16 | |||
| Coefficient Of Variation | 3391.62 | |||
| Standard Deviation | 1.16 | |||
| Variance | 1.35 | |||
| Information Ratio | (0.08) | |||
| Jensen Alpha | 0.0067 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.1598 | |||
| Maximum Drawdown | 12.87 | |||
| Value At Risk | (0.43) | |||
| Potential Upside | 0.4953 | |||
| Downside Variance | 1.34 | |||
| Semi Variance | 0.9817 | |||
| Expected Short fall | (0.48) | |||
| Skewness | 1.06 | |||
| Kurtosis | 29.61 |
WisdomTree High Yield One Year Return
Based on the recorded statements, WisdomTree High Yield has an One Year Return of 9.2%. This is much higher than that of the WisdomTree family and significantly higher than that of the High Yield Bond category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Other Consideration for investing in WisdomTree Etf
If you are still planning to invest in WisdomTree High Yield check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the WisdomTree High's history and understand the potential risks before investing.
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