Macroaxis considers ETFS Bloomberg to be not too risky. ETFS Bloomberg All secures Sharpe Ratio (or Efficiency) of -0.1797 which denotes ETFS Bloomberg All had -0.1797% of return per unit of return volatility over the last 2 months. 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-six different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ETFS Bloomberg All Mean Deviation of 0.5404 to check risk estimate we provide.
|Horizon||30 Days Login to change|
ETFS Bloomberg Market Sensitivity
|As returns on market increase, ETFS Bloomberg returns are expected to increase less than the market. However during bear market, the loss on holding ETFS Bloomberg will be expected to be smaller as well.2 Months Beta |Analyze ETFS Bloomberg All Demand TrendCheck current 30 days ETFS Bloomberg correlation with market (DOW)|
β = 0.061
ETFS Bloomberg Central Daily Price Deviation
ETFS Bloomberg All Technical Analysis
ETFS Bloomberg Projected Return Density Against MarketConsidering 30-days investment horizon, ETFS Bloomberg has beta of 0.061 . This suggests as returns on market go up, ETFS Bloomberg average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr will be expected to be much smaller as well. Additionally, ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Predicted Return Density
Considering 30-days investment horizon, the coefficient of variation of ETFS Bloomberg is -556.6. The daily returns are destributed with a variance of 0.61 and standard deviation of 0.78. The mean deviation of ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr is currently at 0.55. For similar time horizon, the selected benchmark (DOW) has volatility of 1.3
|Alpha over DOW||=||0.17|
|Beta against DOW||=||0.06|
ETFS Bloomberg Return VolatilityETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr has volatility of 0.781% on return distribution over 30 days investment horizon. DOW inherits 1.3487% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.35 and is 1.73 times more volatile than ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr. 7% of all equities and portfolios are less risky than ETFS Bloomberg. Compared to the overall equity markets, volatility of historical daily returns of ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr is lower than 7 (%) of all global equities and portfolios over the last 30 days. Use ETFS Bloomberg All CmdtyLngrDtdStrtK 1Fr to enhance returns of your portfolios. The etf experiences large bullish trend. Check odds of ETFS Bloomberg to be traded at $26.55 in 30 days. As returns on market increase, ETFS Bloomberg returns are expected to increase less than the market. However during bear market, the loss on holding ETFS Bloomberg will be expected to be smaller as well.
ETFS Bloomberg correlation with market