WisdomTree Physical (Netherlands) Market Value
| PHAU Etf | 256.12 0.12 0.05% |
| Symbol | WisdomTree |
Please note, there is a significant difference between WisdomTree Physical's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Physical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Physical'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 Physical '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 Physical'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 Physical.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in WisdomTree Physical on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Physical Gold or generate 0.0% return on investment in WisdomTree Physical over 90 days. WisdomTree Physical is related to or competes with Ackermans Van, Sipef NV, and GIMV NV. More
WisdomTree Physical 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 Physical'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 Physical Gold upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8031 | |||
| Information Ratio | 0.2251 | |||
| Maximum Drawdown | 4.94 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.6 |
WisdomTree Physical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Physical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Physical's standard deviation. In reality, there are many statistical measures that can use WisdomTree Physical historical prices to predict the future WisdomTree Physical's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.0924 | |||
| Total Risk Alpha | 0.2179 | |||
| Sortino Ratio | 0.2615 | |||
| Treynor Ratio | (1.29) |
WisdomTree Physical Gold Backtested Returns
Currently, WisdomTree Physical Gold is very steady. WisdomTree Physical Gold shows Sharpe Ratio of 0.15, which attests that the etf had a 0.15 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for WisdomTree Physical Gold, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Physical's Market Risk Adjusted Performance of (1.28), mean deviation of 0.7299, and Downside Deviation of 0.8031 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The entity maintains a market beta of -0.0784, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Physical are expected to decrease at a much lower rate. During the bear market, WisdomTree Physical is likely to outperform the market.
Auto-correlation | -0.24 |
Weak reverse predictability
WisdomTree Physical Gold has weak reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Physical time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Physical Gold price movement. The serial correlation of -0.24 indicates that over 24.0% of current WisdomTree Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 17.23 |
WisdomTree Physical Gold lagged returns against current returns
Autocorrelation, which is WisdomTree Physical 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 Physical's etf expected returns. We can calculate the autocorrelation of WisdomTree Physical returns to help us make a trade decision. For example, suppose you find that WisdomTree Physical 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 Physical 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 Physical etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Physical etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Physical etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Physical Lagged Returns
When evaluating WisdomTree Physical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Physical etf have on its future price. WisdomTree Physical 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 Physical autocorrelation shows the relationship between WisdomTree Physical etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Physical Gold.
Regressed Prices |
| Timeline |
Thematic Opportunities
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Other Information on Investing in WisdomTree Etf
WisdomTree Physical 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 Physical security.