Xtrackers (Germany) Market Value
| DBPG Etf | EUR 228.70 1.90 0.84% |
| Symbol | Xtrackers |
Xtrackers 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Xtrackers' etf what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Xtrackers.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in Xtrackers on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers SP or generate 0.0% return on investment in Xtrackers over 30 days. Xtrackers is related to or competes with UBS Fund, Xtrackers, Xtrackers Nikkei, IShares VII, SPDR Gold, Vanguard Funds, and IShares Nikkei. The aim is for the investment to reflect the performance of the SP 500 2x Leveraged Daily Index which provides two times... More
Xtrackers Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Xtrackers' etf current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Xtrackers SP upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.58 | |||
| Information Ratio | 0.1333 | |||
| Maximum Drawdown | 10.89 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.86 |
Xtrackers Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers' standard deviation. In reality, there are many statistical measures that can use Xtrackers historical prices to predict the future Xtrackers' volatility.| Risk Adjusted Performance | 0.1277 | |||
| Jensen Alpha | 0.2086 | |||
| Total Risk Alpha | 0.1756 | |||
| Sortino Ratio | 0.1226 | |||
| Treynor Ratio | 0.6153 |
Xtrackers SP Backtested Returns
Xtrackers appears to be very steady, given 3 months investment horizon. Xtrackers SP shows Sharpe Ratio of 0.15, which attests that the etf had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Xtrackers SP, which you can use to evaluate the volatility of the etf. Please utilize Xtrackers' Market Risk Adjusted Performance of 0.6253, mean deviation of 0.9159, and Downside Deviation of 1.58 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.35, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xtrackers' returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Xtrackers SP has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Xtrackers time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Xtrackers SP price movement. The serial correlation of -0.75 indicates that around 75.0% of current Xtrackers price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 14.26 |
Xtrackers SP lagged returns against current returns
Autocorrelation, which is Xtrackers etf's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Xtrackers' etf expected returns. We can calculate the autocorrelation of Xtrackers returns to help us make a trade decision. For example, suppose you find that Xtrackers has exhibited high autocorrelation historically, and you observe that the etf is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Xtrackers regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Xtrackers etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Lagged Returns
When evaluating Xtrackers' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers etf have on its future price. Xtrackers autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Xtrackers autocorrelation shows the relationship between Xtrackers etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers SP.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xtrackers Etf
Xtrackers financial ratios help investors to determine whether Xtrackers 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 Xtrackers with respect to the benefits of owning Xtrackers security.