WisdomTree Dynamic Jensen Alpha

DHDG -- USA Etf  

USD 27.06  0.01  0.0369%

WisdomTree Dynamic jensen-alpha technical analysis lookup allows you to check this and other technical indicators for WisdomTree Dynamic Currency Hed or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
WisdomTree Dynamic Currency Hed has current Jensen Alpha of 0.0598. Jensen alpha is a measure of the returns that are attributable to the managers ability to select security and time the market. In other words it is the returns remaining after deducting what would have been attributable to beta returns (which do not require skill) and the risk free rate.
Jensen Alpha 
ER[a] - RFR * (1-BETA) 
BETA * ER[b]) 
ER[a] =   Expected return on investing in WisdomTree Dynamic
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between WisdomTree Dynamic and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

WisdomTree Dynamic Currency Hed is rated below average in jensen alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  61.67  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for WisdomTree Dynamic Currency Hed is roughly  61.67 
Jensen alpha is the difference between the return of the portfolio, and what the portfolio should theoretically have earned. Any portfolio can be expected to earn the risk free rate (RF), plus the market risk premium (which is given by [Beta x (Market Portfolio Return - Risk Free Rate)]. Anything remaining over and above is alpha.
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