WisdomTree Wheat's market value is the price at which a share of WisdomTree Wheat trades on a public exchange. It measures the collective expectations of WisdomTree Wheat 2x investors about its performance. WisdomTree Wheat is trading at 3.78 as of the 9th of January 2025, a 3.57% down since the beginning of the trading day. The etf's lowest day price was 3.78. With this module, you can estimate the performance of a buy and hold strategy of WisdomTree Wheat 2x and determine expected loss or profit from investing in WisdomTree Wheat over a given investment horizon. Check out Trending Equities 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 board of governors.
Symbol
WisdomTree
WisdomTree Wheat '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 Wheat'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 Wheat.
0.00
12/10/2024
No Change 0.00
0.0
In 30 days
01/09/2025
0.00
If you would invest 0.00 in WisdomTree Wheat on December 10, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Wheat 2x or generate 0.0% return on investment in WisdomTree Wheat over 30 days.
WisdomTree Wheat 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 Wheat'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 Wheat 2x upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Wheat's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Wheat's standard deviation. In reality, there are many statistical measures that can use WisdomTree Wheat historical prices to predict the future WisdomTree Wheat's volatility.
WisdomTree Wheat shows Sharpe Ratio of -0.14, which attests that the etf had a -0.14% return per unit of risk over the last 3 months. WisdomTree Wheat exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Wheat's Standard Deviation of 2.8, mean deviation of 2.18, and Market Risk Adjusted Performance of (0.29) to validate the risk estimate we provide. The entity maintains a market beta of 0.69, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Wheat's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Wheat is expected to be smaller as well.
Auto-correlation
0.62
Good predictability
WisdomTree Wheat 2x has good predictability. Overlapping area represents the amount of predictability between WisdomTree Wheat time series from 10th of December 2024 to 25th of December 2024 and 25th of December 2024 to 9th of January 2025. 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 Wheat price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current WisdomTree Wheat price fluctuation can be explain by its past prices.
Correlation Coefficient
0.62
Spearman Rank Test
0.57
Residual Average
0.0
Price Variance
0.01
WisdomTree Wheat lagged returns against current returns
Autocorrelation, which is WisdomTree Wheat 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 Wheat's etf expected returns. We can calculate the autocorrelation of WisdomTree Wheat returns to help us make a trade decision. For example, suppose you find that WisdomTree Wheat 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 Wheat 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 Wheat etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Wheat etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Wheat etf over time.
Current vs Lagged Prices
Timeline
WisdomTree Wheat Lagged Returns
When evaluating WisdomTree Wheat's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Wheat etf have on its future price. WisdomTree Wheat 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 Wheat autocorrelation shows the relationship between WisdomTree Wheat etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Wheat 2x.
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.