WisdomTree Physical (Germany) Market Value
| VZLC Etf | 26.56 0.14 0.53% |
| Symbol | WisdomTree |
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.
| 12/30/2022 |
| 12/19/2024 |
If you would invest 0.00 in WisdomTree Physical on December 30, 2022 and sell it all today you would earn a total of 0.00 from holding WisdomTree Physical Silver or generate 0.0% return on investment in WisdomTree Physical over 720 days.
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 Silver upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0343 | |||
| Maximum Drawdown | 9.63 | |||
| Value At Risk | (2.74) | |||
| Potential Upside | 2.79 |
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 | 0.0452 | |||
| Jensen Alpha | 0.0882 | |||
| Total Risk Alpha | 0.0386 | |||
| Sortino Ratio | 0.032 | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Physical'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 Physical Backtested Returns
At this point, WisdomTree Physical is very steady. WisdomTree Physical shows Sharpe Ratio of 0.038, which attests that the etf had a 0.038% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for WisdomTree Physical, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Physical's Mean Deviation of 1.47, market risk adjusted performance of (0.44), and Downside Deviation of 2.05 to validate if the risk estimate we provide is consistent with the expected return of 0.0729%. The entity maintains a market beta of -0.19, 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 | 0.21 |
Weak predictability
WisdomTree Physical Silver has weak predictability. Overlapping area represents the amount of predictability between WisdomTree Physical time series from 30th of December 2022 to 25th of December 2023 and 25th of December 2023 to 19th 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 Physical price movement. The serial correlation of 0.21 indicates that over 21.0% of current WisdomTree Physical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 8.07 |
WisdomTree Physical 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 |
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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 Silver.
Regressed Prices |
| Timeline |