Wisdomtree New Economy Etf Beta
| WTRE Etf | USD 18.03 0.13 0.72% |
WisdomTree New Economy fundamentals help investors to digest information that contributes to WisdomTree New's financial success or failures. It also enables traders to predict the movement of WisdomTree Etf. The fundamental analysis module provides a way to measure WisdomTree New's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to WisdomTree New etf.
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WisdomTree New Economy ETF Beta Analysis
WisdomTree New's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current WisdomTree New Beta | -0.25 |
Most of WisdomTree New's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, WisdomTree New Economy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
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In accordance with the recently published financial statements, WisdomTree New Economy has a Beta of -0.2512. This is much lower than that of the WisdomTree family and significantly lower than that of the Global Real Estate category. The beta for all United States etfs is notably higher than that of the company.
WisdomTree Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses WisdomTree New's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of WisdomTree New could also be used in its relative valuation, which is a method of valuing WisdomTree New by comparing valuation metrics of similar companies.WisdomTree New is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for WisdomTree New
The fund consists of 98.6% investments in stocks, with the rest of investments allocated between various types of exotic instruments.Asset allocation divides WisdomTree New's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
As returns on the market increase, returns on owning WisdomTree New are expected to decrease at a much lower rate. During the bear market, WisdomTree New is likely to outperform the market.
WisdomTree Fundamentals
| Return On Equity | 45.38 | |||
| Return On Asset | 7.24 | |||
| Current Valuation | 505.88 M | |||
| Shares Outstanding | 19.92 M | |||
| Shares Owned By Institutions | 27.60 % | |||
| Number Of Shares Shorted | 245.57 K | |||
| Price To Earning | 5.60 X | |||
| Price To Book | 0.71 X | |||
| Price To Sales | 0.68 X | |||
| Revenue | 1.02 B | |||
| Gross Profit | 125.36 M | |||
| EBITDA | 411.77 M | |||
| Net Income | 369.18 M | |||
| Cash And Equivalents | 666.29 M | |||
| Cash Per Share | 33.44 X | |||
| Total Debt | 423.99 M | |||
| Debt To Equity | 0.41 % | |||
| Current Ratio | 1.22 X | |||
| Book Value Per Share | 49.10 X | |||
| Cash Flow From Operations | 173.11 M | |||
| Short Ratio | 3.49 X | |||
| Earnings Per Share | 18.53 X | |||
| Number Of Employees | 11 | |||
| Beta | -0.25 | |||
| Market Capitalization | 697.15 M | |||
| Total Asset | 30.54 M | |||
| One Year Return | 2.80 % | |||
| Three Year Return | (7.50) % | |||
| Five Year Return | (7.30) % | |||
| Net Asset | 30.54 M | |||
| Last Dividend Paid | 0.07 | |||
| Equity Positions Weight | 98.60 % |
About WisdomTree New Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze WisdomTree New Economy's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of WisdomTree New using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of WisdomTree New Economy based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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.When determining whether WisdomTree New Economy is a strong investment it is important to analyze WisdomTree New'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 New's future performance. For an informed investment choice regarding WisdomTree Etf, refer to the following important reports:Check out WisdomTree New Piotroski F Score and WisdomTree New Altman Z Score analysis. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
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.