Wisdomtree New Economy Etf Market Value
| WTRE Etf | USD 18.03 0.13 0.72% |
| Symbol | WisdomTree |
The market value of WisdomTree New Economy 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 New's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree New'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 New's market value can be influenced by many factors that don't directly affect WisdomTree New'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 New's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree New is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree New'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 New '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 New'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 New.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in WisdomTree New on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree New Economy or generate 0.0% return on investment in WisdomTree New over 30 days. WisdomTree New is related to or competes with Avantis Emerging, American Century, Avantis Emerging, Avantis Equity, and Avantis International. Under normal circumstances, at least 80 percent of the funds total assets will be invested in component securities of th... More
WisdomTree New 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 New'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 New Economy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 3.7 | |||
| Value At Risk | (1.35) | |||
| Potential Upside | 1.17 |
WisdomTree New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree New's standard deviation. In reality, there are many statistical measures that can use WisdomTree New historical prices to predict the future WisdomTree New's volatility.| Risk Adjusted Performance | (0.11) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (1.14) |
WisdomTree New Economy Backtested Returns
WisdomTree New Economy shows Sharpe Ratio of -0.2, which attests that the etf had a -0.2% return per unit of risk over the last 3 months. WisdomTree New Economy exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree New's Market Risk Adjusted Performance of (1.13), mean deviation of 0.6361, and Standard Deviation of 0.8056 to validate the risk estimate we provide. The entity maintains a market beta of 0.12, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree New's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree New is expected to be smaller as well.
Auto-correlation | -0.93 |
Near perfect reversele predictability
WisdomTree New Economy has near perfect reversele predictability. Overlapping area represents the amount of predictability between WisdomTree New time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 New Economy price movement. The serial correlation of -0.93 indicates that approximately 93.0% of current WisdomTree New price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.93 | |
| Spearman Rank Test | -0.95 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
WisdomTree New Economy lagged returns against current returns
Autocorrelation, which is WisdomTree New 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 New's etf expected returns. We can calculate the autocorrelation of WisdomTree New returns to help us make a trade decision. For example, suppose you find that WisdomTree New 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 New 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 New etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree New etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree New etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree New Lagged Returns
When evaluating WisdomTree New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree New etf have on its future price. WisdomTree New 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 New autocorrelation shows the relationship between WisdomTree New etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree New Economy.
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.When determining whether WisdomTree New Economy is a strong investment it is important to analyze WisdomTree New's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact WisdomTree New's future performance. For an informed investment choice regarding WisdomTree Etf, refer to the following important reports:Check out WisdomTree New Correlation, WisdomTree New Volatility and WisdomTree New Alpha and Beta module to complement your research on WisdomTree New. You can also try the Stocks Directory module to find actively traded stocks across global markets.
WisdomTree New 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.