Macroaxis considers ETFS Wheat to be unknown risk. ETFS Wheat ETC secures Sharpe Ratio (or Efficiency) of -0.1197 which denotes the etf had -0.1197% of return per unit of return volatility over the last 2 months. Macroaxis approach to predicting 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. ETFS Wheat ETC exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to confirm ETFS Wheat ETC Mean Deviation of 0.8536 to check risk estimate we provide.
|Horizon||30 Days Login to change|
ETFS Wheat Market Sensitivity
|As returns on market increase, ETFS Wheat returns are expected to increase less than the market. However during bear market, the loss on holding ETFS Wheat will be expected to be smaller as well. 2 Months Beta |Analyze ETFS Wheat ETC Demand TrendCheck current 30 days ETFS Wheat correlation with market (DOW)|
β = 0.0345
ETFS Wheat Central Daily Price Deviation
ETFS Wheat ETC Technical Analysis
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ETFS Wheat Projected Return Density Against MarketAssuming 30 trading days horizon, ETFS Wheat has beta of 0.0345 . This means as returns on market go up, ETFS Wheat average returns are expected to increase less than the benchmark. However during bear market, the loss on holding ETFS Wheat ETC 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. ETFS Wheat ETC is significantly underperforming DOW.
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of ETFS Wheat is -835.22. The daily returns are destributed with a variance of 1.39 and standard deviation of 1.18. The mean deviation of ETFS Wheat ETC is currently at 0.93. For similar time horizon, the selected benchmark (DOW) has volatility of 1.79
|Alpha over DOW||=||0.06|
|Beta against DOW||=||0.0345|
ETFS Wheat Return Volatilitythe entity assumes 1.1783% volatility of returns over the 30 days investment horizon. the entity inherits 1.8152% risk (volatility on return distribution) over the 30 days horizon.
DOW has a standard deviation of returns of 1.82 and is 1.54 times more volatile than ETFS Wheat ETC. 10% of all equities and portfolios are less risky than ETFS Wheat. Compared to the overall equity markets, volatility of historical daily returns of ETFS Wheat ETC is lower than 10 (%) of all global equities and portfolios over the last 30 days. Use ETFS Wheat ETC to protect your portfolios against small markets fluctuations. The etf experiences somewhat bearish sentiment, but market may correct it shortly. Check odds of ETFS Wheat to be traded at $0.5912 in 30 days. . As returns on market increase, ETFS Wheat returns are expected to increase less than the market. However during bear market, the loss on holding ETFS Wheat will be expected to be smaller as well.
ETFS Wheat correlation with market