|Horizon||30 Days Login to change|
Wellington Market Sensitivity
|As returns on market increase, returns on owning Wellington are expected to decrease at a much smaller rate. During bear market, Wellington is likely to outperform the market.One Month Beta |Analyze Wellington US Core Demand TrendCheck current 30 days Wellington correlation with market (DOW)|
β = -0.0208
Wellington US Core Technical Analysis
Wellington Projected Return Density Against MarketAssuming 30 trading days horizon, Wellington US Core HY Bd USD S Acc has beta of -0.0208 suggesting as returns on benchmark increase, returns on holding Wellington are expected to decrease at a much smaller rate. During bear market, however, Wellington US Core HY Bd USD S Acc is likely to outperform the market. Moreover, Wellington US Core HY Bd USD S Acc has an alpha of 0.026 implying that it can potentially generate 0.026% excess return over DOW after adjusting for the inherited market risk (beta).
Predicted Return Density
Wellington Return VolatilityWellington US Core HY Bd USD S Acc accepts 0.4602% volatility on return distribution over the 30 days horizon. DOW inherits 0.3801% risk (volatility on return distribution) over the 30 days horizon.