Deka MDAX (Germany) Price on December 24, 2024

ELF1 Etf   241.55  1.75  0.73%   
If you're considering investing in Deka Etf, it is important to understand the factors that can impact its price. As of today, the current price of Deka MDAX stands at 241.55, as last reported on the 25th of December, with the highest price reaching 241.55 and the lowest price hitting 238.70 during the day. Deka MDAX UCITS secures Sharpe Ratio (or Efficiency) of -0.073, which denotes the etf had a -0.073% return per unit of risk over the last 3 months. Deka MDAX UCITS exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deka MDAX's Variance of 0.7333, standard deviation of 0.8563, and Mean Deviation of 0.6964 to check the risk estimate we provide.
  
Deka Etf price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.073

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Estimated Market Risk

 0.83
  actual daily
7
93% of assets are more volatile

Expected Return

 -0.06
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.07
  actual daily
0
Most of other assets perform better
Based on monthly moving average Deka MDAX is not performing at its full potential. However, 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 Deka MDAX by adding Deka MDAX to a well-diversified portfolio.

Deka MDAX Valuation on December 24, 2024

It is possible to determine the worth of Deka MDAX on a given historical date. On December 24, 2024 Deka was worth 238.7 at the beginning of the trading date compared to the closed value of 241.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Deka MDAX etf. Still, in general, we apply an absolute valuation method to find Deka MDAX'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 Deka MDAX where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Deka MDAX's related companies.
 Open High Low Close Volume
  237.05    240.00    235.65    239.80    2,511  
12/23/2024
  238.70    241.55    238.70    241.55    2,832  
  238.70    241.55    238.70    241.55    0.00  
Backtest Deka MDAX  |  Deka MDAX History  PreviousNext  
Open Value
238.7
236.22
Downside
241.55
Closing Value
241.18
Upside

Deka MDAX Trading Date Momentum on December 24, 2024

On December 25 2024 Deka MDAX UCITS was traded for  241.55  at the closing time. The highest price during the trading period was 241.55  and the lowest recorded bid was listed for  238.70 . There was no trading activity during the period 0.0. Lack of trading volume on December 25, 2024 did not affect price variability. The overall trading delta to the current price is 1.18% .

Price Boundaries

Deka MDAX Period Price Range

Low
December 25, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Deka MDAX UCITS cannot be verified against its exchange. Please verify the symbol is currently traded on XETRA Stock 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.

Deka MDAX December 25, 2024 Market Strength

Market strength indicators help investors to evaluate how Deka MDAX etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Deka MDAX shares will generate the highest return on investment. By undertsting and applying Deka MDAX etf market strength indicators, traders can identify Deka MDAX UCITS entry and exit signals to maximize returns

Deka MDAX Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Deka MDAX's price direction in advance. Along with the technical and fundamental analysis of Deka Etf historical price patterns, it is also worthwhile for investors to track various predictive indicators of Deka 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.