WBI SMID (Germany) Risk Analysis And Volatility Evaluation

OVDD -- Germany ETF  

EUR 18.13  0.30  1.71%

Macroaxis considers WBI SMID to be unknown risk. WBI SMID TACTICAL shows Sharpe Ratio of -0.6131 which attests that WBI SMID TACTICAL had -0.6131% of return per unit of standard deviation over the last 1 month. Macroaxis approach into determining risk of any etf is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. WBI SMID TACTICAL exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out WBI SMID TACTICAL Risk Adjusted Performance of 0.012979 and Mean Deviation of 1.54 to validate risk estimate we provide.
Horizon     30 Days    Login   to change

WBI SMID Market Sensitivity

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.
One Month Beta |Analyze WBI SMID TACTICAL Demand Trend
Check current 30 days WBI SMID correlation with market (DOW)
β = -0.5716
WBI SMID Almost negative betaWBI SMID TACTICAL Beta Legend

WBI SMID TACTICAL 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 SMID Projected Return Density Against Market

Assuming 30 trading days horizon, WBI SMID TACTICAL YIELD has beta of -0.5716 . This implies as returns on benchmark increase, returns on holding WBI SMID are expected to decrease at a much smaller rate. During bear market, however, WBI SMID TACTICAL YIELD is likely to outperform the market. Additionally, WBI SMID TACTICAL YIELD has a negative alpha implying that the risk taken by holding this equity is not justified. The company is significantly underperforming DOW
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of WBI SMID is -163.1. The daily returns are destributed with a variance of 5.83 and standard deviation of 2.41. The mean deviation of WBI SMID TACTICAL YIELD is currently at 1.78. For similar time horizon, the selected benchmark (DOW) has volatility of 1.09
α
Alpha over DOW
=0.15
β
Beta against DOW=0.57
σ
Overall volatility
=2.41
Ir
Information ratio =0.06

WBI SMID Return Volatility

WBI SMID TACTICAL YIELD accepts 2.414% volatility on return distribution over the 30 days horizon. DOW inherits 1.0609% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

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Investment Outlook

WBI SMID Investment Opportunity

WBI SMID TACTICAL YIELD has a volatility of 2.41 and is 2.27 times more volatile than DOW. 21% of all equities and portfolios are less risky than WBI SMID. Compared to the overall equity markets, volatility of historical daily returns of WBI SMID TACTICAL YIELD is lower than 21 (%) of all global equities and portfolios over the last 30 days. Use WBI SMID TACTICAL YIELD to enhance returns of your portfolios. The etf experiences large bullish trend. Check odds of WBI SMID to be traded at €19.94 in 30 days. 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.

WBI SMID correlation with market

Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding WBI SMID TACTICAL YIELD and equity matching DJI index in the same portfolio.

WBI SMID Volatility Indicators

WBI SMID TACTICAL YIELD Current Risk Indicators

Additionally take a look at Your Equity Center. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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