Xtrackers Nikkei (Germany) Market Value
| XDJP Etf | EUR 24.41 0.23 0.93% |
| Symbol | Xtrackers |
Xtrackers Nikkei '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 Nikkei'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 Nikkei.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Xtrackers Nikkei on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers Nikkei 225 or generate 0.0% return on investment in Xtrackers Nikkei over 30 days. Xtrackers Nikkei is related to or competes with Xtrackers FTSE. The aim is for the investment to reflect the performance of the Nikkei Stock Average Index which is designed to reflect ... More
Xtrackers Nikkei 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 Nikkei'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 Nikkei 225 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 5.27 | |||
| Value At Risk | (2.13) | |||
| Potential Upside | 2.27 |
Xtrackers Nikkei Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers Nikkei's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers Nikkei's standard deviation. In reality, there are many statistical measures that can use Xtrackers Nikkei historical prices to predict the future Xtrackers Nikkei's volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0.0005) |
Xtrackers Nikkei 225 Backtested Returns
At this point, Xtrackers Nikkei is very steady. Xtrackers Nikkei 225 shows Sharpe Ratio of 5.0E-4, which attests that the etf had a 5.0E-4% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xtrackers Nikkei 225, which you can use to evaluate the volatility of the etf. Please check out Xtrackers Nikkei's Market Risk Adjusted Performance of 0.0095, mean deviation of 0.9302, and Downside Deviation of 1.27 to validate if the risk estimate we provide is consistent with the expected return of 6.0E-4%. The entity maintains a market beta of 1.02, which attests to a somewhat significant risk relative to the market. Xtrackers Nikkei returns are very sensitive to returns on the market. As the market goes up or down, Xtrackers Nikkei is expected to follow.
Auto-correlation | 0.82 |
Very good predictability
Xtrackers Nikkei 225 has very good predictability. Overlapping area represents the amount of predictability between Xtrackers Nikkei time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Nikkei 225 price movement. The serial correlation of 0.82 indicates that around 82.0% of current Xtrackers Nikkei price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Xtrackers Nikkei 225 lagged returns against current returns
Autocorrelation, which is Xtrackers Nikkei 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 Nikkei's etf expected returns. We can calculate the autocorrelation of Xtrackers Nikkei returns to help us make a trade decision. For example, suppose you find that Xtrackers Nikkei 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 Nikkei 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 Nikkei etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers Nikkei etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers Nikkei etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Nikkei Lagged Returns
When evaluating Xtrackers Nikkei's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers Nikkei etf have on its future price. Xtrackers Nikkei 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 Nikkei autocorrelation shows the relationship between Xtrackers Nikkei etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers Nikkei 225.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Xtrackers Etf
Xtrackers Nikkei 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 Nikkei security.