WBI SMID (Germany) Risk Analysis And Volatility Evaluation

OVDD -- Germany ETF  

EUR 17.58  0.002  0.0114%

Macroaxis considers WBI SMID to be unknown risk. WBI SMID TACTICAL shows Sharpe Ratio of -0.2499 which attests that WBI SMID TACTICAL had -0.2499% of return per unit of standard deviation over the last 2 months. 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 (0.07) and Mean Deviation of 1.73 to validate risk estimate we provide.
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 = 0.0304

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 0.0304 . 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, 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 -400.08. The daily returns are destributed with a variance of 10.06 and standard deviation of 3.17. The mean deviation of WBI SMID TACTICAL YIELD is currently at 2.18. For similar time horizon, the selected benchmark (DOW) has volatility of 1.29
α
Alpha over DOW
=0.16
β
Beta against DOW=0.0304
σ
Overall volatility
=3.17
Ir
Information ratio =0.02

WBI SMID Return Volatility

WBI SMID TACTICAL YIELD accepts 3.1711% volatility on return distribution over the 30 days horizon. DOW inherits 1.2919% 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 3.17 and is 2.46 times more volatile than DOW. 28% 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 28 (%) of all global equities and portfolios over the last 30 days. Use WBI SMID TACTICAL YIELD to protect against small markets fluctuations. The etf experiences normal downward trend and little activity. Check odds of WBI SMID to be traded at €17.4 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
Significant 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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