Xtrackers Stoxx (Germany) Market Value
| DXSK Etf | EUR 137.34 0.62 0.45% |
| Symbol | Xtrackers |
Please note, there is a significant difference between Xtrackers Stoxx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers Stoxx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers Stoxx'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.
Xtrackers Stoxx '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 Stoxx's 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 Stoxx.
| 09/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Xtrackers Stoxx on September 30, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers Stoxx or generate 0.0% return on investment in Xtrackers Stoxx over 60 days. Xtrackers Stoxx is related to or competes with UBS Fund, Xtrackers, Xtrackers Nikkei, IShares VII, Vanguard Funds, IShares Core, and IShares Core. More
Xtrackers Stoxx 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 Stoxx's 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 Stoxx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 5.09 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.3 |
Xtrackers Stoxx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers Stoxx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers Stoxx's standard deviation. In reality, there are many statistical measures that can use Xtrackers Stoxx historical prices to predict the future Xtrackers Stoxx's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.22) | |||
| Treynor Ratio | (0.28) |
Xtrackers Stoxx Backtested Returns
Xtrackers Stoxx shows Sharpe Ratio of -0.0992, which attests that the etf had a -0.0992% return per unit of risk over the last 3 months. Xtrackers Stoxx exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xtrackers Stoxx's Mean Deviation of 0.6603, standard deviation of 0.8862, and Market Risk Adjusted Performance of (0.27) to validate the risk estimate we provide. The entity maintains a market beta of 0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Xtrackers Stoxx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers Stoxx is expected to be smaller as well.
Auto-correlation | 0.40 |
Average predictability
Xtrackers Stoxx has average predictability. Overlapping area represents the amount of predictability between Xtrackers Stoxx time series from 30th of September 2024 to 30th of October 2024 and 30th of October 2024 to 29th of November 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 Stoxx price movement. The serial correlation of 0.4 indicates that just about 40.0% of current Xtrackers Stoxx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.4 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 2.1 |
Xtrackers Stoxx lagged returns against current returns
Autocorrelation, which is Xtrackers Stoxx 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 Stoxx's etf expected returns. We can calculate the autocorrelation of Xtrackers Stoxx returns to help us make a trade decision. For example, suppose you find that Xtrackers Stoxx 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 Stoxx 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 Stoxx etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers Stoxx etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers Stoxx etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Stoxx Lagged Returns
When evaluating Xtrackers Stoxx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers Stoxx etf have on its future price. Xtrackers Stoxx 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 Stoxx autocorrelation shows the relationship between Xtrackers Stoxx etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers Stoxx.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xtrackers Etf
Xtrackers Stoxx 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 Stoxx security.