Wbi Bullbear Quality Etf Market Value
| WBIL Etf | USD 32.75 0.04 0.12% |
| Symbol | WBI |
The market value of WBI BullBear Quality is measured differently than its book value, which is the value of WBI that is recorded on the company's balance sheet. Investors also form their own opinion of WBI BullBear's value that differs from its market value or its book value, called intrinsic value, which is WBI BullBear'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 WBI BullBear's market value can be influenced by many factors that don't directly affect WBI BullBear'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 WBI BullBear's value and its price as these two are different measures arrived at by different means. Investors typically determine if WBI BullBear is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, WBI BullBear'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.
WBI BullBear '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 WBI BullBear'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 WBI BullBear.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in WBI BullBear on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding WBI BullBear Quality or generate 0.0% return on investment in WBI BullBear over 30 days. WBI BullBear is related to or competes with Dimensional Targeted, Dimensional World, and Dimensional Small. The fund will seek to invest in the equity securities of small-capitalization, mid-capitalization, and large capitalizat... More
WBI BullBear 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 WBI BullBear'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 WBI BullBear Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8107 | |||
| Information Ratio | 0.049 | |||
| Maximum Drawdown | 4.11 | |||
| Value At Risk | (1.42) | |||
| Potential Upside | 1.53 |
WBI BullBear Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WBI BullBear's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WBI BullBear's standard deviation. In reality, there are many statistical measures that can use WBI BullBear historical prices to predict the future WBI BullBear's volatility.| Risk Adjusted Performance | 0.08 | |||
| Jensen Alpha | 0.0352 | |||
| Total Risk Alpha | 0.0168 | |||
| Sortino Ratio | 0.0552 | |||
| Treynor Ratio | 0.0888 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of WBI BullBear'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.
WBI BullBear Quality Backtested Returns
We consider WBI BullBear very steady. WBI BullBear Quality shows Sharpe Ratio of 0.0799, which attests that the etf had a 0.0799% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for WBI BullBear Quality, which you can use to evaluate the volatility of the entity. Please check out WBI BullBear's Risk Adjusted Performance of 0.08, downside deviation of 0.8107, and Mean Deviation of 0.7281 to validate if the risk estimate we provide is consistent with the expected return of 0.0718%. The entity maintains a market beta of 1.16, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, WBI BullBear will likely underperform.
Auto-correlation | 0.39 |
Below average predictability
WBI BullBear Quality has below average predictability. Overlapping area represents the amount of predictability between WBI BullBear time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 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 WBI BullBear Quality price movement. The serial correlation of 0.39 indicates that just about 39.0% of current WBI BullBear price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
WBI BullBear Quality lagged returns against current returns
Autocorrelation, which is WBI BullBear 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 WBI BullBear's etf expected returns. We can calculate the autocorrelation of WBI BullBear returns to help us make a trade decision. For example, suppose you find that WBI BullBear 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 |
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WBI BullBear 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 WBI BullBear etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WBI BullBear etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WBI BullBear etf over time.
Current vs Lagged Prices |
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WBI BullBear Lagged Returns
When evaluating WBI BullBear's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WBI BullBear etf have on its future price. WBI BullBear 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, WBI BullBear autocorrelation shows the relationship between WBI BullBear etf current value and its past values and can show if there is a momentum factor associated with investing in WBI BullBear Quality.
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 WBI BullBear 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, WBI BullBear's short interest history, or implied volatility extrapolated from WBI BullBear options trading.
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 WBI BullBear Quality is a strong investment it is important to analyze WBI BullBear'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 WBI BullBear's future performance. For an informed investment choice regarding WBI Etf, refer to the following important reports:Check out WBI BullBear Correlation, WBI BullBear Volatility and WBI BullBear Alpha and Beta module to complement your research on WBI BullBear. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
WBI BullBear 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.