Wisdomtree Earnings 500 Etf Market Value
| EPS Etf | USD 54.01 0.04 0.07% |
| Symbol | WisdomTree |
The market value of WisdomTree Earnings 500 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 Earnings' value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Earnings' 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 Earnings' market value can be influenced by many factors that don't directly affect WisdomTree Earnings' 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 Earnings' value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Earnings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Earnings' 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 Earnings '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 Earnings' 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 Earnings.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in WisdomTree Earnings on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Earnings 500 or generate 0.0% return on investment in WisdomTree Earnings over 30 days. WisdomTree Earnings is related to or competes with WisdomTree SmallCap, Invesco SP, WisdomTree Total, WisdomTree MidCap, and WisdomTree LargeCap. At least 95 percent of the funds total assets will be invested in component securities of the index and investments that... More
WisdomTree Earnings 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 Earnings' 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 Earnings 500 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7518 | |||
| Information Ratio | (0.0006) | |||
| Maximum Drawdown | 3.27 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.11 |
WisdomTree Earnings Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Earnings' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Earnings' standard deviation. In reality, there are many statistical measures that can use WisdomTree Earnings historical prices to predict the future WisdomTree Earnings' volatility.| Risk Adjusted Performance | 0.0782 | |||
| Jensen Alpha | 0.0035 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.0006) | |||
| Treynor Ratio | 0.0815 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Earnings' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
WisdomTree Earnings 500 Backtested Returns
We consider WisdomTree Earnings very steady. WisdomTree Earnings 500 shows Sharpe Ratio of 0.12, which attests that the etf had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Earnings 500, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Earnings' Market Risk Adjusted Performance of 0.0915, mean deviation of 0.5548, and Downside Deviation of 0.7518 to validate if the risk estimate we provide is consistent with the expected return of 0.0874%. The entity maintains a market beta of 0.95, which attests to possible diversification benefits within a given portfolio. WisdomTree Earnings returns are very sensitive to returns on the market. As the market goes up or down, WisdomTree Earnings is expected to follow.
Auto-correlation | 0.12 |
Insignificant predictability
WisdomTree Earnings 500 has insignificant predictability. Overlapping area represents the amount of predictability between WisdomTree Earnings time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 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 Earnings 500 price movement. The serial correlation of 0.12 indicates that less than 12.0% of current WisdomTree Earnings price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
WisdomTree Earnings 500 lagged returns against current returns
Autocorrelation, which is WisdomTree Earnings 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 Earnings' etf expected returns. We can calculate the autocorrelation of WisdomTree Earnings returns to help us make a trade decision. For example, suppose you find that WisdomTree Earnings 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 Earnings 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 Earnings etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Earnings etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Earnings etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Earnings Lagged Returns
When evaluating WisdomTree Earnings' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Earnings etf have on its future price. WisdomTree Earnings 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 Earnings autocorrelation shows the relationship between WisdomTree Earnings etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Earnings 500.
Regressed Prices |
| Timeline |
Pair Trading with WisdomTree Earnings
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 Earnings 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 Earnings will appreciate offsetting losses from the drop in the long position's value.Moving together with WisdomTree Etf
| 0.77 | VTI | Vanguard Total Stock | PairCorr |
| 0.8 | SPY | SPDR SP 500 Sell-off Trend | PairCorr |
| 0.77 | IVV | iShares Core SP Sell-off Trend | PairCorr |
| 0.72 | VIG | Vanguard Dividend | PairCorr |
| 0.77 | VV | Vanguard Large Cap | PairCorr |
The ability to find closely correlated positions to WisdomTree Earnings 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 Earnings 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 Earnings - 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 Earnings 500 to buy it.
The correlation of WisdomTree Earnings 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 Earnings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WisdomTree Earnings 500 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 Earnings 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 Earnings Correlation, WisdomTree Earnings Volatility and WisdomTree Earnings Alpha and Beta module to complement your research on WisdomTree Earnings. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
WisdomTree Earnings 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.