Db Gold Short Etf Price on December 18, 2024
| DGZ Etf | USD 8.40 0.17 2.07% |
Below is the normalized historical share price chart for DB Gold Short extending back to February 29, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of DB Gold stands at 8.40, as last reported on the 20th of December, with the highest price reaching 8.49 and the lowest price hitting 8.16 during the day.
If you're considering investing in DGZ Etf, it is important to understand the factors that can impact its price. At this stage we consider DGZ Etf to be somewhat reliable. DB Gold Short retains Efficiency (Sharpe Ratio) of 0.0154, which denotes the etf had a 0.0154% return per unit of price deviation over the last 3 months. We have found twenty-three technical indicators for DB Gold, which you can use to evaluate the volatility of the entity. Please confirm DB Gold's Standard Deviation of 1.97, information ratio of (0.02), and Market Risk Adjusted Performance of 0.1114 to check if the risk estimate we provide is consistent with the expected return of 0.0296%.
DGZ Etf price history is provided at the adjusted basis, taking into account all of the recent filings.
3 y Volatility 12.72 | 200 Day MA 8.7985 | 1 y Volatility 10.6 | 50 Day MA 8.3248 | Inception Date 2008-02-27 |
DGZ |
Sharpe Ratio = 0.0154
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| Negative Returns | DGZ |
Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.02 actual daily | 1 99% of assets perform better |
Based on monthly moving average DB Gold is performing at about 1% 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 DB Gold by adding it to a well-diversified portfolio.
Average Mkt Cap Mil No Data |
DB Gold Valuation on December 18, 2024
It is possible to determine the worth of DB Gold on a given historical date. On December 18, 2024 DGZ was worth 8.49 at the beginning of the trading date compared to the closed value of 8.4. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of DB Gold etf. Still, in general, we apply an absolute valuation method to find DB Gold's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of DB Gold where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against DB Gold's related companies.
| Open | High | Low | Close | Volume | |
| 8.45 | 8.45 | 8.23 | 8.23 | 214.00 | |
12/18/2024 | 8.49 | 8.49 | 8.16 | 8.40 | 730.00 |
| 8.49 | 8.49 | 8.16 | 8.40 | 0.00 |
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DB Gold Trading Date Momentum on December 18, 2024
| On December 20 2024 DB Gold Short was traded for 8.40 at the closing time. Highest DB Gold's price during the trading hours was 8.49 and the lowest price during the day was 8.16 . There was no trading activity during the period 0.0. Lack of trading volume on the 20th of December did not affect price variability. The overall trading delta to current price is 1.07% . |
DB Gold Short Fundamentals Correlations and Trends
By evaluating DB Gold's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among DB Gold's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. DGZ financial account trend analysis is a perfect complement when working with valuation or volatility modules.About DB Gold Etf history
DB Gold investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for DGZ is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in DB Gold Short will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing DB Gold stock prices may prove useful in developing a viable investing in DB Gold
The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract. DB Gold is traded on NYSEARCA Exchange in the United States.
DB Gold Etf Technical Analysis
DB Gold technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.
Price Boundaries
DB Gold Period Price Range
Low | December 20, 2024
| High |
0.00 | 0.00 |
DB Gold Short cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE ARCA Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
DB Gold December 20, 2024 Market Strength
Market strength indicators help investors to evaluate how DB Gold etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading DB Gold shares will generate the highest return on investment. By undertsting and applying DB Gold etf market strength indicators, traders can identify DB Gold Short entry and exit signals to maximize returns
DB Gold Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for DB Gold's price direction in advance. Along with the technical and fundamental analysis of DGZ Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of DGZ to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0014 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.1014 |
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DB Gold Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
The market value of DB Gold Short is measured differently than its book value, which is the value of DGZ that is recorded on the company's balance sheet. Investors also form their own opinion of DB Gold's value that differs from its market value or its book value, called intrinsic value, which is DB Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DB Gold's market value can be influenced by many factors that don't directly affect DB Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DB Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if DB Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DB Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.