WBI SMID (Germany) Performance

OVDD -- Germany ETF  

EUR 18.13  0.002  0.011%

The entity maintains market beta of -0.1971 which attests that as returns on market increase, returns on owning WBI SMID are expected to decrease at a much smaller rate. During bear market, WBI SMID is likely to outperform the market.. Even though it is essential to pay attention to WBI SMID TACTICAL historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis approach into determining future performance of any etf is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. WBI SMID TACTICAL exposes twenty-one different technical indicators which can help you to evaluate its performance.
Horizon     30 Days    Login   to change

WBI SMID TACTICAL Relative Risk vs. Return Landscape

If you would invest  1,951  in WBI SMID TACTICAL YIELD on September 19, 2018 and sell it today you would lose (138.00)  from holding WBI SMID TACTICAL YIELD or give up 7.07% of portfolio value over 30 days. WBI SMID TACTICAL YIELD is generating negative expected returns and assumes 2.0927% volatility on return distribution over the 30 days horizon. Simply put, 18% of equities are less volatile than WBI SMID TACTICAL YIELD and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, WBI SMID TACTICAL YIELD is expected to under-perform the market. In addition to that, the company is 1.97 times more volatile than its market benchmark. It trades about -0.69 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.16 per unit of volatility.

WBI SMID Market Risk Analysis

Sharpe Ratio = -0.6873
Good Returns
Average Returns
Small Returns
Negative ReturnsOVDD

WBI SMID Relative Performance Indicators

Estimated Market Risk
  actual daily
 82 %
of total potential
Expected Return
  actual daily
 1 %
of total potential
Risk-Adjusted Return
  actual daily
 1 %
of total potential
Based on monthly moving average WBI SMID 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 WBI SMID by adding it to a well-diversified portfolio.

WBI SMID Performance Rating

WBI SMID TACTICAL YIELD Risk Adjusted Performance Analysis


Risk-Adjusted Performance

Over the last 30 days WBI SMID TACTICAL YIELD has generated negative risk-adjusted returns adding no value to investors with long positions.


Equity Alerts and Improvement Suggestions

WBI SMID TACTICAL is not yet fully synchronised with the market data
WBI SMID TACTICAL generates negative expected return over the last 30 days
Additionally take a look at Your Equity Center. Please also try Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
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