Macroaxis considers ETFS Bloomberg to be unknown risk. ETFS Bloomberg Energy secures Sharpe Ratio (or Efficiency) of -0.4711 which denotes ETFS Bloomberg Energy had -0.4711% 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 Energy Commodity Longer Dated Strategy K-1 Free 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 Energy Mean Deviation of 0.6848 to check risk estimate we provide.
|Investment 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.One Month Beta |Analyze ETFS Bloomberg Energy Demand TrendCheck current 30 days ETFS Bloomberg correlation with market (DOW)|
β = 0.0411
Projected Return Density Against MarketConsidering 30-days investment horizon, ETFS Bloomberg has beta of 0.0411 . 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 Energy Commodity Longer Dated Strategy K-1 Free will be expected to be much smaller as well. Moreover, ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free has an alpha of 0.1511 implying that it can potentially generate 0.1511% 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 -212.28. The daily returns are destributed with a variance of 0.41 and standard deviation of 0.64. The mean deviation of ETFS Bloomberg Energy Commodity Longer Dated Strategy K-1 Free is currently at 0.47. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23