Wisdomtree Siegel Global Etf Market Value
EQTYX Etf | 11.50 0.20 1.77% |
Symbol | WisdomTree |
The market value of WisdomTree Siegel Global 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 Siegel's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Siegel'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 Siegel's market value can be influenced by many factors that don't directly affect WisdomTree Siegel'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 Siegel's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Siegel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Siegel'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 Siegel '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 Siegel'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 Siegel.
12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in WisdomTree Siegel on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Siegel Global or generate 0.0% return on investment in WisdomTree Siegel over 90 days. WisdomTree Siegel is related to or competes with Wisdomtree Digital. The fund pursues its investment objective by utilizing an asset allocation strategy More
WisdomTree Siegel 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 Siegel'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 Siegel Global upside and downside potential and time the market with a certain degree of confidence.
Information Ratio | 0.0605 | |||
Maximum Drawdown | 3.28 | |||
Value At Risk | (1.18) | |||
Potential Upside | 1.2 |
WisdomTree Siegel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Siegel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Siegel's standard deviation. In reality, there are many statistical measures that can use WisdomTree Siegel historical prices to predict the future WisdomTree Siegel's volatility.Risk Adjusted Performance | (0.06) | |||
Jensen Alpha | 0.0107 | |||
Total Risk Alpha | 0.0332 | |||
Treynor Ratio | (0.09) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Siegel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WisdomTree Siegel Global Backtested Returns
WisdomTree Siegel Global shows Sharpe Ratio of -0.0324, which attests that the etf had a -0.0324 % return per unit of risk over the last 3 months. WisdomTree Siegel Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Siegel's Mean Deviation of 0.5786, standard deviation of 0.7655, and Market Risk Adjusted Performance of (0.08) to validate the risk estimate we provide. The entity maintains a market beta of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Siegel's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Siegel is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
WisdomTree Siegel Global has almost perfect reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Siegel 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 Siegel Global price movement. The serial correlation of -0.75 indicates that around 75.0% of current WisdomTree Siegel price fluctuation can be explain by its past prices.
Correlation Coefficient | -0.75 | |
Spearman Rank Test | -0.3 | |
Residual Average | 0.0 | |
Price Variance | 0.03 |
WisdomTree Siegel Global lagged returns against current returns
Autocorrelation, which is WisdomTree Siegel 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 Siegel's etf expected returns. We can calculate the autocorrelation of WisdomTree Siegel returns to help us make a trade decision. For example, suppose you find that WisdomTree Siegel 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 Siegel 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 Siegel etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Siegel etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Siegel etf over time.
Current vs Lagged Prices |
Timeline |
WisdomTree Siegel Lagged Returns
When evaluating WisdomTree Siegel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Siegel etf have on its future price. WisdomTree Siegel 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 Siegel autocorrelation shows the relationship between WisdomTree Siegel etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Siegel Global.
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 Siegel 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 Siegel security.