Wisdomtree Digital Trust Etf Performance
| WTSTX Etf | 9.47 0.06 0.63% |
The entity maintains a market beta of 0.0535, 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.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Wisdomtree Digital Trust are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of fairly strong basic indicators, Wisdomtree Digital is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors. ...more
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Wisdomtree Digital Relative Risk vs. Return Landscape
If you would invest 920.00 in Wisdomtree Digital Trust on December 25, 2024 and sell it today you would earn a total of 27.00 from holding Wisdomtree Digital Trust or generate 2.93% return on investment over 90 days. Wisdomtree Digital Trust is currently producing 0.0498% returns and takes up 0.4017% volatility of returns over 90 trading days. Put another way, 3% of traded etfs are less volatile than Wisdomtree, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Wisdomtree Digital Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wisdomtree Digital's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Wisdomtree Digital Trust, and traders can use it to determine the average amount a Wisdomtree Digital's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.124
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Estimated Market Risk
| 0.4 actual daily | 3 97% of assets are more volatile |
Expected Return
| 0.05 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Wisdomtree Digital is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Wisdomtree Digital by adding it to a well-diversified portfolio.
About Wisdomtree Digital Performance
Evaluating Wisdomtree Digital's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Wisdomtree Digital has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Wisdomtree Digital has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.