Wisdomtree Managed Futures Etf Market Value
| WTMF Etf | USD 36.87 0.14 0.38% |
| Symbol | WisdomTree |
The market value of WisdomTree Managed 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 Managed's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Managed'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 Managed's market value can be influenced by many factors that don't directly affect WisdomTree Managed'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 Managed's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Managed is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Managed'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 Managed '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 Managed'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 Managed.
| 05/30/2022 |
| 04/19/2024 |
If you would invest 0.00 in WisdomTree Managed on May 30, 2022 and sell it all today you would earn a total of 0.00 from holding WisdomTree Managed Futures or generate 0.0% return on investment in WisdomTree Managed over 690 days. WisdomTree Managed is related to or competes with First Trust, IMGP DBi, First Trust, WisdomTree CBOE, and SPDR SSgA. The fund normally invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purpos... More
WisdomTree Managed 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 Managed'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 Managed Futures upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4676 | |||
| Information Ratio | 0.0415 | |||
| Maximum Drawdown | 2.1 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.8911 |
WisdomTree Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Managed's standard deviation. In reality, there are many statistical measures that can use WisdomTree Managed historical prices to predict the future WisdomTree Managed's volatility.| Risk Adjusted Performance | 0.1097 | |||
| Jensen Alpha | 0.0488 | |||
| Total Risk Alpha | 0.0325 | |||
| Sortino Ratio | 0.0433 | |||
| Treynor Ratio | 0.1539 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Managed's 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 Managed Backtested Returns
We consider WisdomTree Managed very steady. WisdomTree Managed shows Sharpe Ratio of 0.18, which attests that the etf had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for WisdomTree Managed, which you can use to evaluate the volatility of the etf. Please check out WisdomTree Managed's Market Risk Adjusted Performance of 0.1639, mean deviation of 0.4008, and Downside Deviation of 0.4676 to validate if the risk estimate we provide is consistent with the expected return of 0.0889%. The entity maintains a market beta of 0.51, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Managed is expected to be smaller as well.
Auto-correlation | -0.01 |
Very weak reverse predictability
WisdomTree Managed Futures has very weak reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Managed time series from 30th of May 2022 to 10th of May 2023 and 10th of May 2023 to 19th 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 Managed price movement. The serial correlation of -0.01 indicates that just 1.0% of current WisdomTree Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2.01 |
WisdomTree Managed lagged returns against current returns
Autocorrelation, which is WisdomTree Managed 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 Managed's etf expected returns. We can calculate the autocorrelation of WisdomTree Managed returns to help us make a trade decision. For example, suppose you find that WisdomTree Managed 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 Managed 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 Managed etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Managed etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Managed etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Managed Lagged Returns
When evaluating WisdomTree Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Managed etf have on its future price. WisdomTree Managed 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 Managed autocorrelation shows the relationship between WisdomTree Managed etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Managed Futures.
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 Managed is a strong investment it is important to analyze WisdomTree Managed'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 Managed's future performance. For an informed investment choice regarding WisdomTree Etf, refer to the following important reports:Check out WisdomTree Managed Correlation, WisdomTree Managed Volatility and WisdomTree Managed Alpha and Beta module to complement your research on WisdomTree Managed. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
WisdomTree Managed 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.