WisdomTree Europe (Switzerland) Market Value
| EEIA Etf | EUR 20.32 0.00 0.00% |
| Symbol | WisdomTree |
WisdomTree Europe '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 Europe'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 Europe.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in WisdomTree Europe on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Europe Equity or generate 0.0% return on investment in WisdomTree Europe over 90 days. WisdomTree Europe is related to or competes with WisdomTree Emerging, WisdomTree Battery, and WisdomTree Europe. The WisdomTree Europe Equity Income UCITS ETF seeks to track the price and yield performance, before fees and expenses, ... More
WisdomTree Europe 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 Europe'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 Europe Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.6151 | |||
| Maximum Drawdown | 1.99 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.8408 |
WisdomTree Europe Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Europe's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Europe's standard deviation. In reality, there are many statistical measures that can use WisdomTree Europe historical prices to predict the future WisdomTree Europe's volatility.| Risk Adjusted Performance | 0.2895 | |||
| Jensen Alpha | 0.1141 | |||
| Total Risk Alpha | 0.1655 | |||
| Treynor Ratio | (2.59) |
WisdomTree Europe Equity Backtested Returns
At this stage we consider WisdomTree Etf to be very steady. WisdomTree Europe Equity shows Sharpe Ratio of 0.42, which attests that the etf had a 0.42 % return per unit of risk over the last 3 months. We have found eighteen technical indicators for WisdomTree Europe Equity, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Europe's Standard Deviation of 0.3709, mean deviation of 0.255, and Market Risk Adjusted Performance of (2.58) to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The entity maintains a market beta of -0.0459, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Europe are expected to decrease at a much lower rate. During the bear market, WisdomTree Europe is likely to outperform the market.
Auto-correlation | 0.88 |
Very good predictability
WisdomTree Europe Equity has very good predictability. Overlapping area represents the amount of predictability between WisdomTree Europe time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Europe Equity price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current WisdomTree Europe price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.91 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
WisdomTree Europe Equity lagged returns against current returns
Autocorrelation, which is WisdomTree Europe 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 Europe's etf expected returns. We can calculate the autocorrelation of WisdomTree Europe returns to help us make a trade decision. For example, suppose you find that WisdomTree Europe 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 Europe 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 Europe etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Europe etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Europe etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Europe Lagged Returns
When evaluating WisdomTree Europe's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Europe etf have on its future price. WisdomTree Europe 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 Europe autocorrelation shows the relationship between WisdomTree Europe etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Europe Equity.
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 Europe 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 Europe security.