Macroaxis considers ETFS Bloomberg to be not too risky. ETFS Bloomberg All secures Sharpe Ratio (or Efficiency) of -0.0598 which denotes ETFS Bloomberg All had -0.0598% of return per unit of return volatility over the last 1 month. Macroaxis approach to predicting 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. ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ETFS Bloomberg All Downside Deviation of 0.6526 and Mean Deviation of 0.4584 to check risk estimate we provide.
|Time Horizon||30 Days Login to change|
ETFS Bloomberg Market Sensitivity
|As returns on market increase, returns on owning ETFS Bloomberg are expected to decrease at a much smaller rate. During bear market, ETFS Bloomberg is likely to outperform the market.One Month Beta |Analyze ETFS Bloomberg All Demand TrendCheck current 30 days ETFS Bloomberg correlation with market (DOW)|
β = -0.0712
ETFS Bloomberg All Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr has beta of -0.0712 . This suggests as returns on benchmark increase, returns on holding ETFS Bloomberg are expected to decrease at a much smaller rate. During bear market, however, ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr is likely to outperform the market. Moreover, ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr has an alpha of 0.0328 implying that it can potentially generate 0.0328% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of ETFS Bloomberg is -1673.25. The daily returns are destributed with a variance of 0.3 and standard deviation of 0.55. The mean deviation of ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr is currently at 0.41. For similar time horizon, the selected benchmark (DOW) has volatility of 1.17