Wealthsimple Developed Markets Etf Performance
| WSRD Etf | CAD 30.29 0.05 0.17% |
The entity maintains a market beta of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wealthsimple Developed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wealthsimple Developed is expected to be smaller as well.
Risk-Adjusted Performance
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Wealthsimple Developed Markets are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Wealthsimple Developed is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
| In Threey Sharp Ratio | -0.17 |
Wealthsimple |
Wealthsimple Developed Relative Risk vs. Return Landscape
If you would invest 2,956 in Wealthsimple Developed Markets on October 26, 2024 and sell it today you would earn a total of 73.00 from holding Wealthsimple Developed Markets or generate 2.47% return on investment over 90 days. Wealthsimple Developed Markets is generating 0.0422% of daily returns and assumes 0.6742% volatility on return distribution over the 90 days horizon. Simply put, 6% of etfs are less volatile than Wealthsimple, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Wealthsimple Developed Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wealthsimple Developed's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Wealthsimple Developed Markets, and traders can use it to determine the average amount a Wealthsimple Developed'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 = 0.0626
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| Negative Returns | WSRD |
Estimated Market Risk
| 0.67 actual daily | 5 95% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Wealthsimple Developed is performing at about 4% 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 Wealthsimple Developed by adding it to a well-diversified portfolio.
Wealthsimple Developed Fundamentals Growth
Wealthsimple Etf prices reflect investors' perceptions of the future prospects and financial health of Wealthsimple Developed, and Wealthsimple Developed fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Wealthsimple Etf performance.
| Total Asset | 397.83 M | |||
About Wealthsimple Developed Performance
By examining Wealthsimple Developed's fundamental ratios, stakeholders can obtain critical insights into Wealthsimple Developed's financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Wealthsimple Developed is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
WEALTHSIMPLE DEV is traded on Toronto Stock Exchange in Canada.| The fund keeps 98.75% of its net assets in stocks |
Other Information on Investing in Wealthsimple Etf
Wealthsimple Developed financial ratios help investors to determine whether Wealthsimple Etf is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Wealthsimple with respect to the benefits of owning Wealthsimple Developed security.