WisdomTree Physical (Netherlands) Performance
| PHAU Etf | 235.39 1.60 0.68% |
The entity maintains a market beta of -0.0502, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WisdomTree Physical are expected to decrease at a much lower rate. During the bear market, WisdomTree Physical is likely to outperform the market.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in WisdomTree Physical Gold are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of comparatively uncertain basic indicators, WisdomTree Physical may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
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WisdomTree Physical Relative Risk vs. Return Landscape
If you would invest 21,012 in WisdomTree Physical Gold on September 3, 2024 and sell it today you would earn a total of 2,527 from holding WisdomTree Physical Gold or generate 12.03% return on investment over 90 days. WisdomTree Physical Gold is generating 0.1788% of daily returns and assumes 0.8893% volatility on return distribution over the 90 days horizon. Simply put, 7% of etfs are less volatile than WisdomTree, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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WisdomTree Physical Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for WisdomTree Physical's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as WisdomTree Physical Gold, and traders can use it to determine the average amount a WisdomTree Physical's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.201
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Estimated Market Risk
| 0.89 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average WisdomTree Physical is performing at about 15% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of WisdomTree Physical by adding it to a well-diversified portfolio.
About WisdomTree Physical Performance
Assessing WisdomTree Physical's fundamental ratios provides investors with valuable insights into WisdomTree Physical's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the WisdomTree Physical is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.