Wisdomtree Alternative Income Etf Market Value
| HYIN Etf | USD 18.03 0.31 1.75% |
| Symbol | WisdomTree |
The market value of WisdomTree Alternative 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 Alternative's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Alternative'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 Alternative's market value can be influenced by many factors that don't directly affect WisdomTree Alternative'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 Alternative's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Alternative is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Alternative'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 Alternative '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 Alternative'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 Alternative.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in WisdomTree Alternative on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Alternative Income or generate 0.0% return on investment in WisdomTree Alternative over 90 days. WisdomTree Alternative is related to or competes with First Trust, FolioBeyond Rising, ProShares Inflation, Starboard Investment, SSGA Active, Virtus Private, and Strategy Shares. Under normal circumstances, at least 80 percent of the funds total assets will be invested in component securities of th... More
WisdomTree Alternative 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 Alternative'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 Alternative Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9224 | |||
| Information Ratio | 0.1209 | |||
| Maximum Drawdown | 3.59 | |||
| Value At Risk | (1.65) | |||
| Potential Upside | 1.27 |
WisdomTree Alternative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Alternative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Alternative's standard deviation. In reality, there are many statistical measures that can use WisdomTree Alternative historical prices to predict the future WisdomTree Alternative's volatility.| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | 0.0564 | |||
| Total Risk Alpha | 0.0962 | |||
| Sortino Ratio | 0.1093 | |||
| Treynor Ratio | (0.01) |
WisdomTree Alternative Backtested Returns
As of now, WisdomTree Etf is very steady. WisdomTree Alternative shows Sharpe Ratio of 0.0362, which attests that the etf had a 0.0362 % return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Alternative, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Alternative's Mean Deviation of 0.6406, downside deviation of 0.9224, and insignificant Market Risk Adjusted Performance to validate if the risk estimate we provide is consistent with the expected return of 0.0305%. The entity maintains a market beta of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Alternative's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Alternative is expected to be smaller as well.
Auto-correlation | -0.37 |
Poor reverse predictability
WisdomTree Alternative Income has poor reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Alternative 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 Alternative price movement. The serial correlation of -0.37 indicates that just about 37.0% of current WisdomTree Alternative price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.37 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
WisdomTree Alternative lagged returns against current returns
Autocorrelation, which is WisdomTree Alternative 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 Alternative's etf expected returns. We can calculate the autocorrelation of WisdomTree Alternative returns to help us make a trade decision. For example, suppose you find that WisdomTree Alternative 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 Alternative 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 Alternative etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Alternative etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Alternative etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Alternative Lagged Returns
When evaluating WisdomTree Alternative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Alternative etf have on its future price. WisdomTree Alternative 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 Alternative autocorrelation shows the relationship between WisdomTree Alternative etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Alternative Income.
Regressed Prices |
| Timeline |
Pair Trading with WisdomTree Alternative
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if WisdomTree Alternative position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in WisdomTree Alternative will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
The ability to find closely correlated positions to WisdomTree Alternative could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WisdomTree Alternative when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back WisdomTree Alternative - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling WisdomTree Alternative Income to buy it.
The correlation of WisdomTree Alternative is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WisdomTree Alternative moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Alternative moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for WisdomTree Alternative can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out WisdomTree Alternative Correlation, WisdomTree Alternative Volatility and WisdomTree Alternative Alpha and Beta module to complement your research on WisdomTree Alternative. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
WisdomTree Alternative technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.