Macroaxis considers WisdomTree Dyn to be not too risky. WisdomTree Dyn Ccy
shows Sharpe Ratio of -0.1241 which attests that WisdomTree Dyn Ccy
had -0.1241% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. WisdomTree Dyn Ccy exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out WisdomTree Dyn Ccy Market Risk Adjusted Performance
of 0.25 and Mean Deviation of 0.4579 to validate risk estimate we provide. The entity maintains market beta of 0.1899 which attests that as returns on market increase, WisdomTree Dyn returns are expected to increase less than the market. However during bear market, the loss on holding WisdomTree Dyn will be expected to be smaller as well.. Even though it is essential to pay attention to WisdomTree Dyn Ccy historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. WisdomTree Dyn Ccy exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.94) |
Near perfect reversele predictability
WisdomTree Dyn Ccy Hdgd Intl Qual Div Gr has near perfect reversele predictability. Overlapping area represents the amount of predictability between WisdomTree Dyn time series from August 24, 2018 to September 8, 2018 and September 8, 2018 to September 23, 2018. 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 Dyn Ccy price movement. The serial correlation of -0.94 indicates that approximately 94.0% of current WisdomTree Dyn price fluctuation can be explain by its past prices. Given that WisdomTree Dyn Ccy Hdgd Intl Qual Div Gr has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of WisdomTree Dyn for similar time interval.
|Spearman Rank Test||-0.79|