Macroaxis considers ETFS Bloomberg to be unknown risk. ETFS Bloomberg Engy secures Sharpe Ratio (or Efficiency) of -0.2741 which denotes ETFS Bloomberg Engy had -0.2741% 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 Engy Lngr Dtd Strt K 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 Engy Mean Deviation of 0.8783 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 Engy Demand TrendCheck current 30 days ETFS Bloomberg correlation with market (DOW)|
β = -0.4123
ETFS Bloomberg Engy Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, ETFS Bloomberg Engy Lngr Dtd Strt K 1Fr has beta of -0.4123 . 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 Engy Lngr Dtd Strt K 1Fr is likely to outperform the market. Additionally, ETFS Bloomberg Engy Lngr Dtd Strt K 1Fr has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
Considering 30-days investment horizon, the coefficient of variation of ETFS Bloomberg is -364.76. The daily returns are destributed with a variance of 2.38 and standard deviation of 1.54. The mean deviation of ETFS Bloomberg Engy Lngr Dtd Strt K 1Fr is currently at 0.88. For similar time horizon, the selected benchmark (DOW) has volatility of 1.78