Macroaxis considers WisdomTree Dyn to be not too risky. WisdomTree Dyn Ccy shows Sharpe Ratio of -0.0156 which attests that WisdomTree Dyn Ccy had -0.0156% 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-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out WisdomTree Dyn Ccy Market Risk Adjusted Performance of
0.41 and Mean Deviation of 0.4478 to validate risk estimate we provide.
|Time Horizon||30 Days Login to change|
WisdomTree Dyn Market Sensitivity
|As returns on market increase, returns on owning WisdomTree Dyn are expected to decrease at a much smaller rate. During bear market, WisdomTree Dyn is likely to outperform the market.One Month Beta |Analyze WisdomTree Dyn Ccy Demand TrendCheck current 30 days WisdomTree Dyn correlation with market (DOW)|
β = -0.0785
WisdomTree Dyn Ccy Technical Analysis
Projected Return Density Against MarketGiven the investment horizon of 30 days, WisdomTree Dyn Ccy Hdgd Intl Qual Div Gr has beta of -0.0785 suggesting as returns on benchmark increase, returns on holding WisdomTree Dyn are expected to decrease at a much smaller rate. During bear market, however, WisdomTree Dyn Ccy Hdgd Intl Qual Div Gr is likely to outperform the market. Moreover, WisdomTree Dyn Ccy Hdgd Intl Qual Div Gr has an alpha of 0.0341 implying that it can potentially generate 0.0341% excess return over DOW after adjusting for the inherited market risk (beta).
Given the investment horizon of 30 days, the coefficient of variation of WisdomTree Dyn is -6430.65. The daily returns are destributed with a variance of 0.53 and standard deviation of 0.73. The mean deviation of WisdomTree Dyn Ccy Hdgd Intl Qual Div Gr is currently at 0.32. For similar time horizon, the selected benchmark (DOW) has volatility of 1.17