Wisdomtree Voya Yield Etf Technical Analysis
| UNIY Etf | 48.64 0.17 0.35% |
As of the 15th of December 2024, WisdomTree Voya maintains the Mean Deviation of 0.2173, market risk adjusted performance of (2.51), and Standard Deviation of 0.2935. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of WisdomTree Voya Yield, as well as the relationship between them.
WisdomTree Voya Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as WisdomTree, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WisdomTreeWisdomTree |
WisdomTree Voya 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.
WisdomTree Voya Yield Technical Analysis
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of WisdomTree Voya Yield volatility. High ATR values indicate high volatility, and low values indicate low volatility.
WisdomTree Voya Yield Trend Analysis
Use this graph to draw trend lines for WisdomTree Voya Yield. You can use it to identify possible trend reversals for WisdomTree Voya as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual WisdomTree Voya price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.WisdomTree Voya Best Fit Change Line
The following chart estimates an ordinary least squares regression model for WisdomTree Voya Yield applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that WisdomTree Voya Yield market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.35, which is the sum of squared deviations for the predicted WisdomTree Voya price change compared to its average price change.About WisdomTree Voya Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of WisdomTree Voya Yield on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of WisdomTree Voya Yield based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on WisdomTree Voya Yield price pattern first instead of the macroeconomic environment surrounding WisdomTree Voya Yield. By analyzing WisdomTree Voya's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of WisdomTree Voya's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to WisdomTree Voya specific price patterns or momentum indicators. Please read more on our technical analysis page.
WisdomTree Voya December 15, 2024 Technical Indicators
Most technical analysis of WisdomTree help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for WisdomTree from various momentum indicators to cycle indicators. When you analyze WisdomTree charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
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| Volume Indicators |
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | (2.51) | |||
| Mean Deviation | 0.2173 | |||
| Coefficient Of Variation | (937.14) | |||
| Standard Deviation | 0.2935 | |||
| Variance | 0.0862 | |||
| Information Ratio | (0.45) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (2.52) | |||
| Maximum Drawdown | 1.26 | |||
| Value At Risk | (0.59) | |||
| Potential Upside | 0.4093 | |||
| Skewness | 0.234 | |||
| Kurtosis | 1.02 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in WisdomTree Voya Yield. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
The market value of WisdomTree Voya Yield 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 Voya's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Voya'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 Voya's market value can be influenced by many factors that don't directly affect WisdomTree Voya'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 Voya's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Voya is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Voya'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.