|DHDG -- USA Etf|| |
USD 24.27 0.05 0.21%
The entity maintains market beta of 0.6895 which attests that as returns on market increase, WisdomTree Dynamic returns are expected to increase less than the market. However during bear market, the loss on holding WisdomTree Dynamic will be expected to be smaller as well. Although it is extremely important to respect WisdomTree Dynamic
historical price patterns
, it is better to be realistic regarding the information on equity current price history. The philosophy towards determining future performance of any etf is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators
. By examining WisdomTree Dynamic technical indicators
you can presently evaluate if the expected return of 0.0086% will be sustainable into the future.
Over the last 30 days WisdomTree Dynamic Currency Hed has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, WisdomTree Dynamic is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.
WisdomTree Dynamic Relative Risk vs. Return Landscape
If you would invest 2,425
in WisdomTree Dynamic Currency Hed on September 15, 2019
and sell it today you would earn a total of 7.00
from holding WisdomTree Dynamic Currency Hed or generate 0.29%
return on investment over 30
days. WisdomTree Dynamic Currency Hed is currently generating 0.0086% of daily expected returns and assumes 0.9063% risk (volatility on return distribution) over the 30 days horizon. In different words, 8% of equities are less volatile than WisdomTree Dynamic and 99% of traded equity instruments are projected to make higher returns than the company over the 30 days investment horizon.
Daily Expected Return (%)
Given the investment horizon of 30 days, WisdomTree Dynamic is expected to generate 0.91 times more return on investment than the market. However, the company is 1.09 times less risky than the market. It trades about 0.01 of its potential returns per unit of risk. The DOW is currently generating roughly 0.0 per unit of risk.
WisdomTree Dynamic Market Risk Analysis
Sharpe Ratio = 0.0095
WisdomTree Dynamic Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average WisdomTree Dynamic is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of WisdomTree Dynamic
by adding it to a well-diversified