WisdomTree WTI's market value is the price at which a share of WisdomTree WTI trades on a public exchange. It measures the collective expectations of WisdomTree WTI Crude investors about its performance. WisdomTree WTI is trading at 9.19 as of the 21st of December 2024, a 0.54% down since the beginning of the trading day. The etf's lowest day price was 9.12. With this module, you can estimate the performance of a buy and hold strategy of WisdomTree WTI Crude and determine expected loss or profit from investing in WisdomTree WTI over a given investment horizon. Check out Your Equity Center 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 WTI '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 WTI'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 WTI.
0.00
11/21/2024
No Change 0.00
0.0
In 31 days
12/21/2024
0.00
If you would invest 0.00 in WisdomTree WTI on November 21, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree WTI Crude or generate 0.0% return on investment in WisdomTree WTI over 30 days.
WisdomTree WTI 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 WTI'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 WTI Crude 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 WTI's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree WTI's standard deviation. In reality, there are many statistical measures that can use WisdomTree WTI historical prices to predict the future WisdomTree WTI's volatility.
At this point, WisdomTree WTI is not too volatile. WisdomTree WTI Crude shows Sharpe Ratio of 0.0715, which attests that the etf had a 0.0715% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree WTI Crude, which you can use to evaluate the volatility of the etf. Please check out WisdomTree WTI's Market Risk Adjusted Performance of (1.21), mean deviation of 1.47, and Downside Deviation of 2.02 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The entity maintains a market beta of -0.099, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree WTI are expected to decrease at a much lower rate. During the bear market, WisdomTree WTI is likely to outperform the market.
Auto-correlation
-0.43
Modest reverse predictability
WisdomTree WTI Crude has modest reverse predictability. Overlapping area represents the amount of predictability between WisdomTree WTI time series from 21st of November 2024 to 6th of December 2024 and 6th of December 2024 to 21st 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 WTI Crude price movement. The serial correlation of -0.43 indicates that just about 43.0% of current WisdomTree WTI price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.43
Spearman Rank Test
-0.56
Residual Average
0.0
Price Variance
0.02
WisdomTree WTI Crude lagged returns against current returns
Autocorrelation, which is WisdomTree WTI 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 WTI's etf expected returns. We can calculate the autocorrelation of WisdomTree WTI returns to help us make a trade decision. For example, suppose you find that WisdomTree WTI 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 WTI 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 WTI etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree WTI etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree WTI etf over time.
Current vs Lagged Prices
Timeline
WisdomTree WTI Lagged Returns
When evaluating WisdomTree WTI's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree WTI etf have on its future price. WisdomTree WTI 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 WTI autocorrelation shows the relationship between WisdomTree WTI etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree WTI 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.