WisdomTree Brent (UK) Market Value

3BRL Etf   27.73  0.50  1.84%   
WisdomTree Brent's market value is the price at which a share of WisdomTree Brent trades on a public exchange. It measures the collective expectations of WisdomTree Brent Crude investors about its performance. WisdomTree Brent is selling for under 27.73 as of the 12th of December 2024; that is 1.84% increase since the beginning of the trading day. The etf's lowest day price was 27.3.
With this module, you can estimate the performance of a buy and hold strategy of WisdomTree Brent Crude and determine expected loss or profit from investing in WisdomTree Brent over a given investment horizon. Check out WisdomTree Brent Correlation, WisdomTree Brent Volatility and WisdomTree Brent Alpha and Beta module to complement your research on WisdomTree Brent.
Symbol

Please note, there is a significant difference between WisdomTree Brent's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Brent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Brent'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 Brent '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 Brent'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 Brent.
0.00
11/12/2024
No Change 0.00  0.0 
In 30 days
12/12/2024
0.00
If you would invest  0.00  in WisdomTree Brent on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Brent Crude or generate 0.0% return on investment in WisdomTree Brent over 30 days. WisdomTree Brent is related to or competes with WisdomTree Natural, Leverage Shares, GraniteShares, WisdomTree Natural, WisdomTree, WisdomTree Silver, and Leverage Shares. WisdomTree Brent is entity of United Kingdom More

WisdomTree Brent 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 Brent'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 Brent Crude upside and downside potential and time the market with a certain degree of confidence.

WisdomTree Brent Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Brent's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Brent's standard deviation. In reality, there are many statistical measures that can use WisdomTree Brent historical prices to predict the future WisdomTree Brent's volatility.
Hype
Prediction
LowEstimatedHigh
22.4227.7333.04
Details
Intrinsic
Valuation
LowRealHigh
20.9726.2831.59
Details
Naive
Forecast
LowNextHigh
21.0826.3931.70
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
25.6927.3829.08
Details

WisdomTree Brent Crude Backtested Returns

Currently, WisdomTree Brent Crude is not too volatile. WisdomTree Brent Crude shows Sharpe Ratio of 0.0305, which attests that the etf had a 0.0305% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Brent Crude, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Brent's Mean Deviation of 4.13, market risk adjusted performance of (1.68), and Downside Deviation of 5.84 to validate if the risk estimate we provide is consistent with the expected return of 0.16%. The entity maintains a market beta of -0.19, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Brent are expected to decrease at a much lower rate. During the bear market, WisdomTree Brent is likely to outperform the market.

Auto-correlation

    
  -0.13  

Insignificant reverse predictability

WisdomTree Brent Crude has insignificant reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Brent time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th of December 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 Brent Crude price movement. The serial correlation of -0.13 indicates that less than 13.0% of current WisdomTree Brent price fluctuation can be explain by its past prices.
Correlation Coefficient-0.13
Spearman Rank Test0.44
Residual Average0.0
Price Variance0.48

WisdomTree Brent Crude lagged returns against current returns

Autocorrelation, which is WisdomTree Brent 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 Brent's etf expected returns. We can calculate the autocorrelation of WisdomTree Brent returns to help us make a trade decision. For example, suppose you find that WisdomTree Brent 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 Brent 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 Brent etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Brent etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Brent etf over time.
   Current vs Lagged Prices   
       Timeline  

WisdomTree Brent Lagged Returns

When evaluating WisdomTree Brent's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Brent etf have on its future price. WisdomTree Brent 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 Brent autocorrelation shows the relationship between WisdomTree Brent etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Brent Crude.
   Regressed Prices   
       Timeline  

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.

Other Information on Investing in WisdomTree Etf

WisdomTree Brent financial ratios help investors to determine whether WisdomTree Etf 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 Brent security.