Db Gold Double Etf Equity Positions Weight
| DGP Etf | USD 80.19 1.97 2.40% |
DB Gold Double fundamentals help investors to digest information that contributes to DB Gold's financial success or failures. It also enables traders to predict the movement of DGP Etf. The fundamental analysis module provides a way to measure DB Gold's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to DB Gold etf.
DGP |
DB Gold Double ETF Equity Positions Weight Analysis
DB Gold's Percentage of fund asset invested in equity instruments. About 80% of global funds and ETFs carry equity instruments on their balance sheet.
More About Equity Positions Weight | All Equity Analysis
Stock Percentage | = | % of Equities | in the fund |
Funds with most asset allocated to stocks can be subclassified into many different categories such as market capitalization or investment style.
| Competition |
According to the company disclosure, DB Gold Double has an Equity Positions Weight of 0.0%. This indicator is about the same for the Deutsche Bank AG average (which is currently at 0.0) family and about the same as Trading--Leveraged Commodities (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
DGP Equity Positions Weight Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses DB Gold's direct or indirect competition against its Equity Positions Weight to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of DB Gold could also be used in its relative valuation, which is a method of valuing DB Gold by comparing valuation metrics of similar companies.DB Gold is currently under evaluation in equity positions weight as compared to similar ETFs.
DGP Fundamentals
| Number Of Employees | 107 | |||
| Beta | 0.6 | |||
| Total Asset | 88.7 M | |||
| One Year Return | 94.30 % | |||
| Three Year Return | 24.80 % | |||
| Five Year Return | 17.90 % | |||
| Ten Year Return | 13.10 % | |||
| Net Asset | 88.7 M |
About DB Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze DB Gold Double's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of DB Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of DB Gold Double based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with DB Gold
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if DB Gold position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in DB Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with DGP Etf
| 0.75 | AGQ | ProShares Ultra Silver | PairCorr |
| 1.0 | UGL | ProShares Ultra Gold | PairCorr |
| 0.84 | GDXU | MicroSectors Gold Miners | PairCorr |
Moving against DGP Etf
| 0.35 | HPQ | HP Inc Earnings Call Today | PairCorr |
The ability to find closely correlated positions to DB Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DB Gold when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DB Gold - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DB Gold Double to buy it.
The correlation of DB Gold is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DB Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DB Gold Double moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DB Gold can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out DB Gold Piotroski F Score and DB Gold Altman Z Score analysis. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
The market value of DB Gold Double is measured differently than its book value, which is the value of DGP 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.