Wisdomtree Corporate Bond Etf Market Value
| WFIG Etf | USD 43.30 0.15 0.35% |
| Symbol | WisdomTree |
The market value of WisdomTree Corporate Bond 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 Corporate's value that differs from its market value or its book value, called intrinsic value, which is WisdomTree Corporate'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 Corporate's market value can be influenced by many factors that don't directly affect WisdomTree Corporate'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 Corporate's value and its price as these two are different measures arrived at by different means. Investors typically determine if WisdomTree Corporate is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WisdomTree Corporate'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 Corporate '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 Corporate'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 Corporate.
| 03/03/2024 |
| 05/02/2024 |
If you would invest 0.00 in WisdomTree Corporate on March 3, 2024 and sell it all today you would earn a total of 0.00 from holding WisdomTree Corporate Bond or generate 0.0% return on investment in WisdomTree Corporate over 60 days. WisdomTree Corporate is related to or competes with SPDR Barclays, SPDR Bloomberg, SPDR Barclays, SPDR Barclays, and Xtrackers USD. Under normal circumstances, at least 80 percent of the funds total assets will be invested in component securities of th... More
WisdomTree Corporate 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 Corporate'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 Corporate Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.82 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.4571 |
WisdomTree Corporate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Corporate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Corporate's standard deviation. In reality, there are many statistical measures that can use WisdomTree Corporate historical prices to predict the future WisdomTree Corporate's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WisdomTree Corporate'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 Corporate Bond Backtested Returns
WisdomTree Corporate Bond shows Sharpe Ratio of -0.0904, which attests that the etf had a -0.0904% return per unit of risk over the last 3 months. WisdomTree Corporate Bond exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Corporate's Standard Deviation of 0.3564, mean deviation of 0.2728, and Market Risk Adjusted Performance of (0.10) to validate the risk estimate we provide. The entity maintains a market beta of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, WisdomTree Corporate's returns are expected to increase less than the market. However, during the bear market, the loss of holding WisdomTree Corporate is expected to be smaller as well.
Auto-correlation | 0.26 |
Poor predictability
WisdomTree Corporate Bond has poor predictability. Overlapping area represents the amount of predictability between WisdomTree Corporate time series from 3rd of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 2nd of May 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 Corporate Bond price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current WisdomTree Corporate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.1 |
WisdomTree Corporate Bond lagged returns against current returns
Autocorrelation, which is WisdomTree Corporate 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 Corporate's etf expected returns. We can calculate the autocorrelation of WisdomTree Corporate returns to help us make a trade decision. For example, suppose you find that WisdomTree Corporate 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 Corporate 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 Corporate etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Corporate etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Corporate etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Corporate Lagged Returns
When evaluating WisdomTree Corporate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Corporate etf have on its future price. WisdomTree Corporate 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 Corporate autocorrelation shows the relationship between WisdomTree Corporate etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Corporate Bond.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards WisdomTree Corporate in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, WisdomTree Corporate's short interest history, or implied volatility extrapolated from WisdomTree Corporate options trading.
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Check out WisdomTree Corporate Correlation, WisdomTree Corporate Volatility and WisdomTree Corporate Alpha and Beta module to complement your research on WisdomTree Corporate. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
WisdomTree Corporate 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.