Wisdomtree Digital Trust Etf Market Value
| TECHX Etf | 17.90 0.45 2.58% |
| Symbol | Wisdomtree |
The market value of Wisdomtree Digital Trust 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 Digital's value that differs from its market value or its book value, called intrinsic value, which is Wisdomtree Digital'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 Digital's market value can be influenced by many factors that don't directly affect Wisdomtree Digital'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 Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wisdomtree Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wisdomtree Digital'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 Digital '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 Digital'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 Digital.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Wisdomtree Digital on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Wisdomtree Digital Trust or generate 0.0% return on investment in Wisdomtree Digital over 90 days. More
Wisdomtree Digital 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 Digital'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 Digital Trust upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 6.55 | |||
| Value At Risk | (2.79) | |||
| Potential Upside | 1.81 |
Wisdomtree Digital Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wisdomtree Digital's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wisdomtree Digital's standard deviation. In reality, there are many statistical measures that can use Wisdomtree Digital historical prices to predict the future Wisdomtree Digital's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.02) | |||
| Treynor Ratio | (3.14) |
Wisdomtree Digital Trust Backtested Returns
Wisdomtree Digital Trust shows Sharpe Ratio of -0.13, which attests that the etf had a -0.13 % return per unit of risk over the last 3 months. Wisdomtree Digital Trust exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wisdomtree Digital's Standard Deviation of 1.51, market risk adjusted performance of (3.13), and Mean Deviation of 1.15 to validate the risk estimate we provide. The entity maintains a market beta of 0.0653, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wisdomtree Digital's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wisdomtree Digital is expected to be smaller as well.
Auto-correlation | -0.09 |
Very weak reverse predictability
Wisdomtree Digital Trust has very weak reverse predictability. Overlapping area represents the amount of predictability between Wisdomtree Digital 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 Digital Trust price movement. The serial correlation of -0.09 indicates that less than 9.0% of current Wisdomtree Digital price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Wisdomtree Digital Trust lagged returns against current returns
Autocorrelation, which is Wisdomtree Digital 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 Digital's etf expected returns. We can calculate the autocorrelation of Wisdomtree Digital returns to help us make a trade decision. For example, suppose you find that Wisdomtree Digital 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 Digital 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 Digital etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wisdomtree Digital etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wisdomtree Digital etf over time.
Current vs Lagged Prices |
| Timeline |
Wisdomtree Digital Lagged Returns
When evaluating Wisdomtree Digital's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wisdomtree Digital etf have on its future price. Wisdomtree Digital 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 Digital autocorrelation shows the relationship between Wisdomtree Digital etf current value and its past values and can show if there is a momentum factor associated with investing in Wisdomtree Digital Trust.
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 Digital 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 Digital security.