Wisdomtree Voya Yield Etf Market Value
| UNIY Etf | 48.61 0.02 0.04% |
| Symbol | WisdomTree |
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.
WisdomTree Voya '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 Voya'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 Voya.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in WisdomTree Voya on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding WisdomTree Voya Yield or generate 0.0% return on investment in WisdomTree Voya over 720 days. WisdomTree Voya is related to or competes with Tidal Trust, First Trust, Direxion Daily, Direxion Daily, MFUT, VanEck Morningstar, and VictoryShares WestEnd. WisdomTree Voya is entity of United States More
WisdomTree Voya 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 Voya'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 Voya Yield upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.55) | |||
| Maximum Drawdown | 1.25 | |||
| Value At Risk | (0.61) | |||
| Potential Upside | 0.3851 |
WisdomTree Voya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Voya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WisdomTree Voya's standard deviation. In reality, there are many statistical measures that can use WisdomTree Voya historical prices to predict the future WisdomTree Voya's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.6681 |
WisdomTree Voya Yield Backtested Returns
WisdomTree Voya Yield shows Sharpe Ratio of -0.0864, which attests that the etf had a -0.0864% return per unit of risk over the last 3 months. WisdomTree Voya Yield exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out WisdomTree Voya's Market Risk Adjusted Performance of 0.6781, mean deviation of 0.2004, and Standard Deviation of 0.272 to validate the risk estimate we provide. The entity maintains a market beta of -0.0427, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Voya are expected to decrease at a much lower rate. During the bear market, WisdomTree Voya is likely to outperform the market.
Auto-correlation | -0.56 |
Good reverse predictability
WisdomTree Voya Yield has good reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Voya time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th of November 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 Voya Yield price movement. The serial correlation of -0.56 indicates that roughly 56.0% of current WisdomTree Voya price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.56 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
WisdomTree Voya Yield lagged returns against current returns
Autocorrelation, which is WisdomTree Voya 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 Voya's etf expected returns. We can calculate the autocorrelation of WisdomTree Voya returns to help us make a trade decision. For example, suppose you find that WisdomTree Voya 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 Voya 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 Voya etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WisdomTree Voya etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WisdomTree Voya etf over time.
Current vs Lagged Prices |
| Timeline |
WisdomTree Voya Lagged Returns
When evaluating WisdomTree Voya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WisdomTree Voya etf have on its future price. WisdomTree Voya 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 Voya autocorrelation shows the relationship between WisdomTree Voya etf current value and its past values and can show if there is a momentum factor associated with investing in WisdomTree Voya Yield.
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 Voya Yield offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of WisdomTree Voya's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wisdomtree Voya Yield Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Wisdomtree Voya Yield Etf:Check out WisdomTree Voya Correlation, WisdomTree Voya Volatility and WisdomTree Voya Alpha and Beta module to complement your research on WisdomTree Voya. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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.