WBI TACTICAL (Germany) Risk Analysis And Volatility

OVDD -- Germany ETF  

EUR 18.30  0.20  1.06%

Our approach into determining volatility of an etf is to use all available market data together with etf specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for WBI TACTICAL SMY which you can use to evaluate future volatility of the entity. Please check out WBI TACTICAL SMY Risk Adjusted Performance of (0.15) and Mean Deviation of 1.52 to validate if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

WBI TACTICAL Market Sensitivity

As returns on market increase, returns on owning WBI TACTICAL are expected to decrease at a much smaller rate. During bear market, WBI TACTICAL is likely to outperform the market.
2 Months Beta |Analyze WBI TACTICAL SMY Demand Trend
Check current 30 days WBI TACTICAL correlation with market (DOW)
β = -0.4462

WBI TACTICAL Central Daily Price Deviation

WBI TACTICAL SMY Technical Analysis

Transformation
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.

WBI TACTICAL Projected Return Density Against Market

Assuming 30 trading days horizon, WBI TACTICAL SMY has beta of -0.4462 . This implies as returns on benchmark increase, returns on holding WBI TACTICAL are expected to decrease at a much smaller rate. During bear market, however, WBI TACTICAL SMY is likely to outperform the market. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. WBI TACTICAL SMY is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.44
β
Beta against DOW=0.45
σ
Overall volatility
=0.00
Ir
Information ratio =0.28

WBI TACTICAL Return Volatility

the entity accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.5827% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

WBI TACTICAL Investment Opportunity

DOW has a standard deviation of returns of 0.58 and is 9.223372036854776E16 times more volatile than WBI TACTICAL SMY. 0% of all equities and portfolios are less risky than WBI TACTICAL. Compared to the overall equity markets, volatility of historical daily returns of WBI TACTICAL SMY is lower than 0 (%) of all global equities and portfolios over the last 30 days. Use WBI TACTICAL SMY to protect your portfolios against small markets fluctuations. The etf experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of WBI TACTICAL to be traded at €17.75 in 30 days. . As returns on market increase, returns on owning WBI TACTICAL are expected to decrease at a much smaller rate. During bear market, WBI TACTICAL is likely to outperform the market.

WBI TACTICAL correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding WBI TACTICAL SMY and equity matching DJI index in the same portfolio.

WBI TACTICAL Current Risk Indicators

WBI TACTICAL Suggested Diversification Pairs

Additionally take a look at Your Equity Center. Please also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.
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