Wisdomtree Intl Risk Analysis

Wisdomtree Intl Dividend Dynamic Currency Hedged -- USA Etf  

USD 25.56  0.15  0.58%

We consider Wisdomtree Intl not too risky. Wisdomtree Intl Divi shows Sharpe Ratio of 0.3208 which attests that Wisdomtree Intl Divi had 0.3208% of return per unit of risk over the last 1 month. Our philosophy towards determining volatility of a etf is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Wisdomtree Intl Divi which you can use to evaluate future volatility of the etf. Please check out Wisdomtree Intl Divi Market Risk Adjusted Performance of 0.4502 and Mean Deviation of 0.3099 to validate if risk estimate we provide are consistent with the epected return of 0.1542%.
 Time Horizon     30 Days    Login   to change

Wisdomtree Intl Market Sensitivity

As returns on market increase, Wisdomtree Intl returns are expected to increase less than the market. However during bear market, the loss on holding Wisdomtree Intl will be expected to be smaller as well.
One Month Beta |Analyze Wisdomtree Intl Divi Demand Trend
Check current 30 days Wisdomtree Intl correlation with market (DOW)
β = 0.2957
Wisdomtree Intl Small BetaWisdomtree Intl Divi Beta Legend

Wisdomtree Intl Divi Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of seventeen. Wisdomtree Intl Divi Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input. View also all equity analysis or get more info about average price price transform indicator.

Projected Return Density Against Market

Given the investment horizon of 30 days, Wisdomtree Intl has beta of 0.2957 suggesting as returns on market go up, Wisdomtree Intl average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Wisdomtree Intl Dividend Dynamic Currency Hedged will be expected to be much smaller as well. Moreover, Wisdomtree Intl Dividend Dynamic Currency Hedged has an alpha of 0.0634 implying that it can potentially generate 0.0634% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Given the investment horizon of 30 days, the coefficient of variation of Wisdomtree Intl is 311.68. The daily returns are destributed with a variance of 0.23 and standard deviation of 0.48. The mean deviation of Wisdomtree Intl Dividend Dynamic Currency Hedged is currently at 0.32. For similar time horizon, the selected benchmark (DOW) has volatility of 0.39
α
Alpha over DOW
=0.0634
β
Beta against DOW=0.3
σ
Overall volatility
=0.48
Ir
Information ratio =0.21

Actual Return Volatility

Wisdomtree Intl Dividend Dynamic Currency Hedged inherits 0.4805% risk (volatility on return distribution) over the 30 days horizon. DOW inherits 0.3852% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

Market Risk Breakdown

Wisdomtree Intl Volatility Factors

30 Days Market Risk

Not too risky

Chance of Distress in 24 months

Almost imposible

30 Days Economic Sensitivity

Slowly supersedes market

Largest Trends

Wisdomtree Intl Largest Period Trend

Investment Outlook

Wisdomtree Intl Investment Opportunity
Wisdomtree Intl Dividend Dynamic Currency Hedged has a volatility of 0.48 and is 1.23 times more volatile than DOW. 4% of all equities and portfolios are less risky than Wisdomtree Intl. Compared to the overall equity markets, volatility of historical daily returns of Wisdomtree Intl Dividend Dynamic Currency Hedged is lower than 4 (%) of all global equities and portfolios over the last 30 days. Use Wisdomtree Intl Dividend Dynamic Currency Hedged to protect against small markets fluctuations. The etf experiences moderate downward daily trend and can be a good diversifier. Check odds of Wisdomtree Intl to be traded at $25.05 in 30 days. As returns on market increase, Wisdomtree Intl returns are expected to increase less than the market. However during bear market, the loss on holding Wisdomtree Intl will be expected to be smaller as well.

Wisdomtree Intl correlation with market

Modest diversification
Overlapping area represents the amount of risk that can be diversified away by holding Wisdomtree Intl Dividend Dynam and equity matching DJI index in the same portfolio.

Volatility Indicators

Wisdomtree Intl Current Risk Indicators