Deka EURO (Germany) Market Value
| EL4G Etf | EUR 16.44 0.01 0.06% |
| Symbol | Deka |
Deka EURO '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 Deka EURO'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 Deka EURO.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Deka EURO on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Deka EURO STOXX or generate 0.0% return on investment in Deka EURO over 30 days. Deka EURO is related to or competes with UBS Fund, Xtrackers, Xtrackers Nikkei, IShares VII, SPDR Gold, Vanguard Funds, and IShares Nikkei. The investment seeks to track the price and yield performance, before fees and expense, of the EURO STOXX Select Dividen... More
Deka EURO 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 Deka EURO'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 Deka EURO STOXX upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 2.88 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.8961 |
Deka EURO Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Deka EURO's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Deka EURO's standard deviation. In reality, there are many statistical measures that can use Deka EURO historical prices to predict the future Deka EURO's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | 0.2781 |
Deka EURO STOXX Backtested Returns
Deka EURO STOXX secures Sharpe Ratio (or Efficiency) of -0.057, which denotes the etf had a -0.057% return per unit of risk over the last 3 months. Deka EURO STOXX exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Deka EURO's Mean Deviation of 0.5703, standard deviation of 0.6897, and Variance of 0.4757 to check the risk estimate we provide. The etf shows a Beta (market volatility) of -0.0803, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Deka EURO are expected to decrease at a much lower rate. During the bear market, Deka EURO is likely to outperform the market.
Auto-correlation | -0.59 |
Good reverse predictability
Deka EURO STOXX has good reverse predictability. Overlapping area represents the amount of predictability between Deka EURO time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Deka EURO STOXX price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Deka EURO price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.34 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Deka EURO STOXX lagged returns against current returns
Autocorrelation, which is Deka EURO 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 Deka EURO's etf expected returns. We can calculate the autocorrelation of Deka EURO returns to help us make a trade decision. For example, suppose you find that Deka EURO 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 |
Deka EURO 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 Deka EURO etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Deka EURO etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Deka EURO etf over time.
Current vs Lagged Prices |
| Timeline |
Deka EURO Lagged Returns
When evaluating Deka EURO's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Deka EURO etf have on its future price. Deka EURO 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, Deka EURO autocorrelation shows the relationship between Deka EURO etf current value and its past values and can show if there is a momentum factor associated with investing in Deka EURO STOXX.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Deka Etf
Deka EURO financial ratios help investors to determine whether Deka 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 Deka with respect to the benefits of owning Deka EURO security.