WBI SMID (Germany) Risk Analysis And Volatility

OVDD -- Germany ETF  

EUR 16.59  0.64  3.71%

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 SMID TACTICAL which you can use to evaluate future volatility of the entity. Please check out WBI SMID TACTICAL Mean Deviation of 1.77 and Risk Adjusted Performance of (0.08) to validate if risk estimate we provide are consistent with the epected return of 0.0%.
Horizon     30 Days    Login   to change

WBI SMID Market Sensitivity

As returns on market increase, WBI SMID returns are expected to increase less than the market. However during bear market, the loss on holding WBI SMID will be expected to be smaller as well.
2 Months Beta |Analyze WBI SMID TACTICAL Demand Trend
Check current 30 days WBI SMID correlation with market (DOW)
β = 0.392

WBI SMID Central Daily Price Deviation

WBI SMID TACTICAL Technical Analysis

Transformation
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WBI SMID Projected Return Density Against Market

Assuming 30 trading days horizon, WBI SMID has beta of 0.392 . This implies as returns on market go up, WBI SMID average returns are expected to increase less than the benchmark. However during bear market, the loss on holding WBI SMID TACTICAL YIELD will be expected to be much smaller as well. Additionally, The company has a negative alpha implying that the risk taken by holding this equity is not justified. WBI SMID TACTICAL is significantly underperforming DOW.
 Predicted Return Density 
      Returns 
α
Alpha over DOW
=0.41
β
Beta against DOW=0.39
σ
Overall volatility
=0.00
Ir
Information ratio =0.2

WBI SMID Return Volatility

the entity accepts 0.0% volatility on return distribution over the 30 days horizon. the entity inherits 0.5839% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

WBI SMID Investment Opportunity

DOW has a standard deviation of returns of 0.58 and is 9.223372036854776E16 times more volatile than WBI SMID TACTICAL YIELD. 0% 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 0 (%) of all global equities and portfolios over the last 30 days. Use WBI SMID TACTICAL YIELD to protect your portfolios against small markets fluctuations. The etf experiences unexpected downward movement. The market is reacting to new fundamentals. Check odds of WBI SMID to be traded at €15.93 in 30 days. . As returns on market increase, WBI SMID returns are expected to increase less than the market. However during bear market, the loss on holding WBI SMID will be expected to be smaller as well.

WBI SMID correlation with market

correlation synergy
Average 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 Current Risk Indicators

WBI SMID Suggested Diversification Pairs

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