We consider ClaymoreDelta Global not too volatile. ClaymoreDelta Global secures Sharpe Ratio (or Efficiency) of 0.1928 which signifies that ClaymoreDelta Global had 0.1928% of return per unit of standard deviation over the last 1 month. Our philosophy in foreseeing 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 ClaymoreDelta Global Shipping which you can use to evaluate future volatility of the entity. Please confirm ClaymoreDelta Global Mean Deviation of 0.6111 and Risk Adjusted Performance of 0.1068 to double-check if risk estimate we provide are consistent with the epected return of 0.187%.
|Time Horizon||30 Days Login to change|
ClaymoreDelta Global Market Sensitivity
|As returns on market increase, ClaymoreDelta Global returns are expected to increase less than the market. However during bear market, the loss on holding ClaymoreDelta Global will be expected to be smaller as well.One Month Beta |Analyze ClaymoreDelta Global Demand TrendCheck current 30 days ClaymoreDelta Global correlation with market (DOW)|
β = 0.6618
ClaymoreDelta Global Technical Analysis
Projected Return Density Against MarketConsidering 30-days investment horizon, ClaymoreDelta Global has beta of 0.6618 . This entails as returns on market go up, ClaymoreDelta Global average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ClaymoreDelta Global Shipping will be expected to be much smaller as well. Moreover, ClaymoreDelta Global Shipping has an alpha of 0.0484 implying that it can potentially generate 0.0484% excess return over DOW after adjusting for the inherited market risk (beta).
Considering 30-days investment horizon, the coefficient of variation of ClaymoreDelta Global is 518.71. The daily returns are destributed with a variance of 0.94 and standard deviation of 0.97. The mean deviation of ClaymoreDelta Global Shipping is currently at 0.68. For similar time horizon, the selected benchmark (DOW) has volatility of 0.44