WisdomTree Zinc (UK) Market Value

ZINC Etf   9.10  0.06  0.66%   
WisdomTree Zinc's market value is the price at which a share of WisdomTree Zinc trades on a public exchange. It measures the collective expectations of WisdomTree Zinc investors about its performance. WisdomTree Zinc is selling for under 9.10 as of the 2nd of March 2025; that is 0.66 percent decrease since the beginning of the trading day. The etf's lowest day price was 9.1.
With this module, you can estimate the performance of a buy and hold strategy of WisdomTree Zinc and determine expected loss or profit from investing in WisdomTree Zinc over a given investment horizon. Check out WisdomTree Zinc Correlation, WisdomTree Zinc Volatility and WisdomTree Zinc Alpha and Beta module to complement your research on WisdomTree Zinc.
Symbol

Please note, there is a significant difference between WisdomTree Zinc's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Zinc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Zinc'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 Zinc '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 Zinc'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 Zinc.
0.00
03/13/2023
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/02/2025
0.00
If you would invest  0.00  in WisdomTree Zinc on March 13, 2023 and sell it all today you would earn a total of 0.00 from holding WisdomTree Zinc or generate 0.0% return on investment in WisdomTree Zinc over 720 days. WisdomTree Zinc is related to or competes with WisdomTree Brent, WisdomTree Aluminium, WisdomTree Enhanced, WisdomTree Gold, WisdomTree WTI, and WisdomTree Issuer. More

WisdomTree Zinc 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 Zinc'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 Zinc upside and downside potential and time the market with a certain degree of confidence.

WisdomTree Zinc Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Zinc's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Zinc's standard deviation. In reality, there are many statistical measures that can use WisdomTree Zinc historical prices to predict the future WisdomTree Zinc's volatility.
Hype
Prediction
LowEstimatedHigh
7.979.1010.23
Details
Intrinsic
Valuation
LowRealHigh
7.778.9010.03
Details

WisdomTree Zinc Backtested Returns

WisdomTree Zinc 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. WisdomTree Zinc exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Zinc's Standard Deviation of 1.13, market risk adjusted performance of (54.66), and Mean Deviation of 0.8891 to validate the risk estimate we provide. The entity maintains a market beta of 0.0032, which attests to not very significant fluctuations relative to the market. As returns on the market increase, WisdomTree Zinc's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Zinc is expected to be smaller as well.

Auto-correlation

    
  -0.43  

Modest reverse predictability

WisdomTree Zinc has modest reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Zinc time series from 13th of March 2023 to 7th of March 2024 and 7th of March 2024 to 2nd 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 Zinc price movement. The serial correlation of -0.43 indicates that just about 43.0% of current WisdomTree Zinc price fluctuation can be explain by its past prices.
Correlation Coefficient-0.43
Spearman Rank Test0.09
Residual Average0.0
Price Variance0.3

WisdomTree Zinc lagged returns against current returns

Autocorrelation, which is WisdomTree Zinc 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 Zinc's etf expected returns. We can calculate the autocorrelation of WisdomTree Zinc returns to help us make a trade decision. For example, suppose you find that WisdomTree Zinc 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 Zinc 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 Zinc etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Zinc etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Zinc etf over time.
   Current vs Lagged Prices   
       Timeline  

WisdomTree Zinc Lagged Returns

When evaluating WisdomTree Zinc's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Zinc etf have on its future price. WisdomTree Zinc 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 Zinc autocorrelation shows the relationship between WisdomTree Zinc etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Zinc.
   Regressed Prices   
       Timeline  

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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 Zinc 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 Zinc security.