Wisdomtree Bianco Total Etf Market Value
| WTBN Etf | 25.20 0.05 0.20% |
| Symbol | WisdomTree |
The market value of WisdomTree Bianco Total 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 Bianco's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Bianco'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 Bianco's market value can be influenced by many factors that don't directly affect WisdomTree Bianco'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 Bianco's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Bianco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Bianco'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 Bianco '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 Bianco'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 Bianco.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in WisdomTree Bianco on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Bianco Total or generate 0.0% return on investment in WisdomTree Bianco over 90 days. WisdomTree Bianco is related to or competes with Valued Advisers, Columbia Diversified, Principal Exchange, Doubleline Etf, Virtus Newfleet, Vident Core, and PIMCO Enhanced. WisdomTree Bianco is entity of United States More
WisdomTree Bianco 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 Bianco'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 Bianco Total upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.3145 | |||
| Maximum Drawdown | 1.5 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.5217 |
WisdomTree Bianco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Bianco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Bianco's standard deviation. In reality, there are many statistical measures that can use WisdomTree Bianco historical prices to predict the future WisdomTree Bianco's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0284 | |||
| Treynor Ratio | (0.27) |
WisdomTree Bianco Total Backtested Returns
As of now, WisdomTree Etf is very steady. WisdomTree Bianco Total shows Sharpe Ratio of 0.0604, which attests that the etf had a 0.0604 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for WisdomTree Bianco Total, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Bianco's Standard Deviation of 0.3126, mean deviation of 0.2479, and Market Risk Adjusted Performance of (0.26) to validate if the risk estimate we provide is consistent with the expected return of 0.0191%. The entity maintains a market beta of 0.039, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Bianco's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Bianco is expected to be smaller as well.
Auto-correlation | 0.00 |
No correlation between past and present
WisdomTree Bianco Total has no correlation between past and present. Overlapping area represents the amount of predictability between WisdomTree Bianco 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 Bianco Total price movement. The serial correlation of 0.0 indicates that just 0.0% of current WisdomTree Bianco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
WisdomTree Bianco Total lagged returns against current returns
Autocorrelation, which is WisdomTree Bianco 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 Bianco's etf expected returns. We can calculate the autocorrelation of WisdomTree Bianco returns to help us make a trade decision. For example, suppose you find that WisdomTree Bianco 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 Bianco 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 Bianco etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Bianco etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Bianco etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Bianco Lagged Returns
When evaluating WisdomTree Bianco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Bianco etf have on its future price. WisdomTree Bianco 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 Bianco autocorrelation shows the relationship between WisdomTree Bianco etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Bianco Total.
Regressed Prices |
| Timeline |
Pair Trading with WisdomTree Bianco
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 Bianco 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 Bianco will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 1.0 | BND | Vanguard Total Bond Sell-off Trend | PairCorr |
| 1.0 | AGG | iShares Core Aggregate Sell-off Trend | PairCorr |
| 0.99 | BIV | Vanguard Intermediate Sell-off Trend | PairCorr |
| 1.0 | SPAB | SPDR Portfolio Aggregate Sell-off Trend | PairCorr |
| 1.0 | EAGG | iShares ESG Aggregate | PairCorr |
Moving against WisdomTree Etf
| 0.58 | MSTY | YieldMax MSTR Option Buyout Trend | PairCorr |
The ability to find closely correlated positions to WisdomTree Bianco 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 Bianco 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 Bianco - 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 Bianco Total to buy it.
The correlation of WisdomTree Bianco 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 Bianco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Bianco Total 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 Bianco 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 Bianco Correlation, WisdomTree Bianco Volatility and WisdomTree Bianco Alpha and Beta module to complement your research on WisdomTree Bianco. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
WisdomTree Bianco 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.