Affinity World Leaders ETF Volatility
| WLDR ETF | USD 42.94 0.30 0.70% |
Sharpe Ratio = 0.1366
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For Affinity World Leaders, recent data highlights a Market Risk Adjusted Performance of 0.2%, a Risk of 1.17, and a Risk Adjusted Performance of 0.1%. Monthly performance data shows the ETF operating at about 10% of its measured historical range.
Key indicators related to Affinity World's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
ETF Volatility Analysis
For Affinity World, understanding volatility is essential to assessing portfolio risk contribution. It indicates how dramatically Affinity World's price swings over a specific time horizon. For Affinity World, volatility is both a risk factor and a driver of return dispersion. Sharp price movements in Affinity World's are triggered by earnings surprises, macroeconomic data, or sector trends.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Median Price transformation calculates the midpoint between Affinity World Leaders's high and low for each trading period. This provides a simple measure of the period's central tendency based on range extremes, ignoring the opening and closing levels. Compared to the typical or weighted close price, the median price gives equal weight to buyers and sellers at the extremes and is often used as a smoothed input for trend and momentum indicators.
Projected Return Density Against Market
Given a 90-day horizon, Affinity World has a beta of 0.9993. This entails Affinity World Leaders market returns are sensible to returns on the market. As the market goes up or down, Affinity World tends to follow.Holders of Affinity World face systematic risk from broad ETF market trends and unsystematic risk from company or sector-specific developments. Diversification reduces specific exposure, but macro-driven volatility persists. Beta remains a common sensitivity metric. For Affinity World Leaders, recent data highlights a Downside Deviation of 1.15, a Mean Deviation of 0.91, and a Semi Deviation of 0.93.
Predicted Return Distribution |
| Density |
What Drives Affinity World's Price Volatility?
Holdings and Allocation
Affinity World's volatility can rise when allocation drift or holdings turnover shifts across the Global Large-Stock Value category.Political and Economic Environment
Changes in fiscal policy, rates, and growth expectations affect market-wide risk premiums and spill into Affinity World's trading.Affinity World's Fund-Specific Factors
Fund flow dynamics, expense-ratio competitiveness, and index reconstitution events can create abrupt price dispersion in Affinity World.ETF Risk Measures
Given a 90-day horizon, the coefficient of variation of Affinity World is 731.89. The daily returns are distributed with a variance of 1.37 and standard deviation of 1.17. The mean deviation of Affinity World Leaders is currently at 0.89. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.96
α | Alpha over Dow Jones | 0.17 | |
β | Beta against Dow Jones | 1.00 | |
σ | Overall volatility | 1.17 | |
Ir | Information ratio | 0.14 |
ETF Return Volatility
Affinity World return volatility captures the typical daily swing in ETF returns relative to the mean over the selected period. The ETF has volatility of 1.1714% on return distribution over a 90-day investment horizon. Meanwhile, Dow Jones Industrial reported 0.9166% volatility on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
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Affinity World Constituents Risk-Adjusted Indicators
Affinity World ETF can look attractive on recent price action while risk efficiency lags the peer group. Reviewing Affinity World's risk-adjusted indicators gives a clearer view of whether returns are being earned efficiently. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DEEF | 0.98 | 0.05 | 0.04 | 0.05 | 1.26 | 2.49 | 5.50 | |||
| KDEF | 2.82 | 0.12 | 0.03 | 0.07 | 3.64 | 5.30 | 16.41 | |||
| PYZ | 1.43 | 0.03 | 0.01 | 0.02 | 1.99 | 2.81 | 8.51 | |||
| HRTS | 0.83 | -0.10 | 0.00 | -0.12 | 0.00 | 1.83 | 4.27 | |||
| FLGR | 1.15 | -0.02 | 0.00 | -0.02 | 0.00 | 2.52 | 6.02 | |||
| AHLT | 0.65 | 0.02 | 0.02 | 0.08 | 1.24 | 1.16 | 5.76 | |||
| PUI | 0.75 | 0.08 | 0.08 | 0.21 | 0.96 | 1.98 | 5.92 | |||
| FDFF | 1.09 | 0.00 | 0.00 | 0.00 | 1.48 | 2.41 | 6.00 | |||
| FTWO | 1.05 | 0.03 | 0.02 | 0.03 | 1.28 | 2.24 | 6.11 | |||
| XFLX | 0.25 | 0.00 | 0.02 | 0.01 | 0.31 | 0.50 | 1.44 |
Risk Metrics, Assumptions & Methodology
Return dispersion for Affinity World quantifies how far daily or periodic returns deviate from the average across the measurement window. Higher dispersion implies a wider range of plausible outcomes for any given holding period.
Affinity World Leaders figures are aggregated from fund disclosures and market reference feeds and normalized across reporting formats. Volatility and downside metrics are estimated from historical return dispersion.
Editorial review and methodology oversight provided by: Gabriel Shpitalnik, Member of Macroaxis Editorial Board
Volatility Profile Summary
Recent data suggests that Affinity World Leaders is more volatile than Dow Jones Industrial by approximately 1.27x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 10% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.Affinity World Leaders with characteristics aligned to broad market upside participation. This directional read frames the latest price swing through a simple momentum and follow-through lens. It gains reliability when combined with broader risk controls and volatility-adjusted analysis. a moderate upward price movement. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View Affinity World probability analysis.
Poor diversification
The correlation between Affinity World and Dow Jones is 0.74, which Macroaxis classifies as Poor diversification for the selected horizon. Lower overlap tends to improve diversification, while higher overlap means both positions carry similar risk.
Additional Risk Indicators
Secondary risk indicators for Affinity World Leaders evaluate exposure beyond standard deviation, beta, or one headline volatility measure. Cross-security comparison within similar growth and valuation profiles provides additional context for interpreting relative risk positioning.
| Risk Adjusted Performance | 0.1458 | |||
| Market Risk Adjusted Performance | 0.1774 | |||
| Mean Deviation | 0.9099 | |||
| Semi Deviation | 0.9315 | |||
| Downside Deviation | 1.15 | |||
| Coefficient Of Variation | 670.2 | |||
| Standard Deviation | 1.19 |
Affinity World Suggested Diversification Pairs
A pair-trading setup around Affinity World shifts the return benchmark from the broad market to a second position, altering the risk profile. This structure emphasizes relative performance differences between paired assets rather than broad market direction.
While pairing positions reduces portfolio risk, some forms of risk persist no matter which instruments are combined. No matter how well a pair is constructed around Affinity World, market-wide risk remains. What pair trading can address is Affinity World's unsystematic risk - the portion driven by company or sector-specific factors rather than broad market forces.