Wisdomtree New Economy Etf Price on December 11, 2024
| WTRE Etf | USD 18.03 0.13 0.72% |
If you're considering investing in WisdomTree Etf, it is important to understand the factors that can impact its price. As of today, the current price of WisdomTree New stands at 18.03, as last reported on the 15th of December 2024, with the highest price reaching 18.12 and the lowest price hitting 18.02 during the day. WisdomTree New Economy shows Sharpe Ratio of -0.2, which attests that the etf had a -0.2% return per unit of risk over the last 3 months. WisdomTree New Economy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree New's Mean Deviation of 0.6131, market risk adjusted performance of (3.58), and Standard Deviation of 0.7874 to validate the risk estimate we provide.
WisdomTree Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
WisdomTree |
Sharpe Ratio = -0.1995
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Estimated Market Risk
| 0.79 actual daily | 7 93% of assets are more volatile |
Expected Return
| -0.16 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.2 actual daily | 0 Most of other assets perform better |
Based on monthly moving average WisdomTree New is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of WisdomTree New by adding WisdomTree New to a well-diversified portfolio.
WisdomTree New Valuation on December 11, 2024
It is possible to determine the worth of WisdomTree New on a given historical date. On December 11, 2024 WisdomTree was worth 18.32 at the beginning of the trading date compared to the closed value of 18.26. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of WisdomTree New etf. Still, in general, we apply an absolute valuation method to find WisdomTree New's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of WisdomTree New where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against WisdomTree New's related companies.
| Open | High | Low | Close | Volume | |
| 18.53 | 18.53 | 18.25 | 18.25 | 5,739 | |
12/11/2024 | 18.32 | 18.35 | 18.26 | 18.26 | 1,416 |
| 18.18 | 18.18 | 18.16 | 18.16 | 1,443 |
| Backtest WisdomTree New | | | WisdomTree New History | | | WisdomTree New Valuation | Previous | Next |
WisdomTree New Trading Date Momentum on December 11, 2024
| On December 12 2024 WisdomTree New Economy was traded for 18.16 at the closing time. The top price for the day was 18.18 and the lowest listed price was 18.16 . The trading volume for the day was 1.4 K. The trading history from December 12, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 0.55% . The trading price change against the current closing price is 0.77% . |
WisdomTree New Economy Fundamentals Correlations and Trends
By evaluating WisdomTree New's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among WisdomTree New's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. WisdomTree financial account trend analysis is a perfect complement when working with valuation or volatility modules.About WisdomTree New Etf history
WisdomTree New investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for WisdomTree is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in WisdomTree New Economy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing WisdomTree New stock prices may prove useful in developing a viable investing in WisdomTree New
Under normal circumstances, at least 80 percent of the funds total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Wisdomtree Global is traded on NYSEARCA Exchange in the United States.
WisdomTree New Etf Technical Analysis
WisdomTree New 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.
Price Boundaries
WisdomTree New Period Price Range
Low | December 15, 2024
| High |
0.00 | 0.00 |
WisdomTree New Economy cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
WisdomTree New December 15, 2024 Market Strength
Market strength indicators help investors to evaluate how WisdomTree New etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading WisdomTree New shares will generate the highest return on investment. By undertsting and applying WisdomTree New etf market strength indicators, traders can identify WisdomTree New Economy entry and exit signals to maximize returns
WisdomTree New Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for WisdomTree New's price direction in advance. Along with the technical and fundamental analysis of WisdomTree Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of WisdomTree to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | (3.59) |
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WisdomTree New Economy. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
The market value of WisdomTree New Economy 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 New's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree New'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 New's market value can be influenced by many factors that don't directly affect WisdomTree New'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 New's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree New'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.