Wisdomtree Digital Trust Fund Manager Performance Evaluation
| TECHX Fund | 19.73 0.30 1.54% |
The entity maintains a market beta of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wisdomtree Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wisdomtree Digital is expected to be smaller as well.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Wisdomtree Digital Trust are ranked lower than 6 (%) of all funds and portfolios of funds over the last 90 days. In spite of fairly weak technical indicators, Wisdomtree Digital may actually be approaching a critical reversion point that can send shares even higher in February 2025.
...moreWisdomtree |
Wisdomtree Digital Relative Risk vs. Return Landscape
If you would invest 1,862 in Wisdomtree Digital Trust on October 22, 2024 and sell it today you would earn a total of 111.00 from holding Wisdomtree Digital Trust or generate 5.96% return on investment over 90 days. Wisdomtree Digital Trust is currently producing 0.1031% returns and takes up 1.285% volatility of returns over 90 trading days. Put another way, 11% of traded mutual funds are less volatile than Wisdomtree, and 98% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
Wisdomtree Digital Current Valuation
Fairly Valued
Today
Please note that Wisdomtree Digital's price fluctuation is very steady at this time. Based on Macroaxis valuation methodology, the fund is fairly valued. Wisdomtree Digital Trust maintains a prevalent Real Value of USD19.61 per share. The last-minute price of the fund is USD19.73. Our model calculates the value of Wisdomtree Digital Trust from examining the fund technical indicators and probability of bankruptcy. In general, investors encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will grow together.
Since Wisdomtree Digital is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Wisdomtree Mutual Fund. However, Wisdomtree Digital's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. | Historical | Market 19.73 | Real 19.61 | Hype 19.73 | Naive 19.76 |
The intrinsic value of Wisdomtree Digital's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Wisdomtree Digital's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Wisdomtree Digital Trust helps investors to forecast how Wisdomtree mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Wisdomtree Digital more accurately as focusing exclusively on Wisdomtree Digital's fundamentals will not take into account other important factors: Wisdomtree Digital Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wisdomtree Digital's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Wisdomtree Digital Trust, and traders can use it to determine the average amount a Wisdomtree Digital's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0802
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | TECHX | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.29 actual daily | 11 89% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Wisdomtree Digital is performing at about 6% of its full potential. 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 Digital by adding it to a well-diversified portfolio.
Wisdomtree Digital Fundamentals Growth
Wisdomtree Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Wisdomtree Digital, and Wisdomtree Digital fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Wisdomtree Mutual Fund performance.
About Wisdomtree Digital Performance
Evaluating Wisdomtree Digital's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Wisdomtree Digital has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Wisdomtree Digital has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
The fund is designed to track the performance of the WisdomTree Technology and Innovation 100 Index through the use of a representative sampling strategy. The index is maintained by WisdomTree, Inc. and is designed to provide exposure to U.S. exchange-listed companies principally engaged in offering, using, or developing products, processes, or services that will provide or will benefit significantly from technological advances and innovation. The fund is non-diversified.Things to note about Wisdomtree Digital Trust performance evaluation
Checking the ongoing alerts about Wisdomtree Digital for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Wisdomtree Digital Trust help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| The fund maintains all of the assets in different exotic instruments |
- Analyzing Wisdomtree Digital's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Wisdomtree Digital's stock is overvalued or undervalued compared to its peers.
- Examining Wisdomtree Digital's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Wisdomtree Digital's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Wisdomtree Digital's management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Wisdomtree Digital's mutual fund. These opinions can provide insight into Wisdomtree Digital's potential for growth and whether the stock is currently undervalued or overvalued.
Other Information on Investing in Wisdomtree Mutual Fund
Wisdomtree Digital financial ratios help investors to determine whether Wisdomtree Mutual Fund 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 Digital security.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities |