Macroaxis considers WisdomTree Dyn to be not too risky. WisdomTree Dyn Ccy
shows Sharpe Ratio of -0.0943 which attests that WisdomTree Dyn Ccy
had -0.0943% 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-eight different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out WisdomTree Dyn Ccy to validate risk estimate we provide. The entity maintains market beta of 0.0 which attests that the returns on MARKET and WisdomTree Dyn are completely uncorrelated. 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-eight different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation||(0.36) |
Poor reverse predictability
WisdomTree Dyn Ccy Hdgd Intl Qual Div Gr has poor reverse predictability. Overlapping area represents the amount of predictability between WisdomTree Dyn time series from May 21, 2018 to June 5, 2018 and June 5, 2018 to June 20, 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 -0.36 indicates that just about 36.0% 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.
|Correlation Coefficient|| -0.36|
|Spearman Rank Test|| 0.13|
|Price Variance|| 0.02|
|Lagged Price Variance|| 0.02|