Xtrackers' market value is the price at which a share of Xtrackers trades on a public exchange. It measures the collective expectations of Xtrackers SP 500 investors about its performance. Xtrackers is trading at 10.90 as of the 1st of December 2024, a 0.37% increase since the beginning of the trading day. The etf's lowest day price was 10.85. With this module, you can estimate the performance of a buy and hold strategy of Xtrackers SP 500 and determine expected loss or profit from investing in Xtrackers over a given investment horizon. Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
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.
0.00
12/07/2023
No Change 0.00
0.0
In 11 months and 27 days
12/01/2024
0.00
If you would invest 0.00 in Xtrackers on December 7, 2023 and sell it all today you would earn a total of 0.00 from holding Xtrackers SP 500 or generate 0.0% return on investment in Xtrackers over 360 days.
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 500 upside and downside potential and time the market with a certain degree of confidence.
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.
At this point, Xtrackers is very steady. Xtrackers SP 500 shows Sharpe Ratio of 0.2, which attests that the etf had a 0.2% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Xtrackers SP 500, which you can use to evaluate the volatility of the etf. Please check out Xtrackers' Mean Deviation of 0.6137, market risk adjusted performance of 0.686, and Downside Deviation of 0.7554 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The entity maintains a market beta of 0.27, which attests to not very significant fluctuations relative to the market. 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
0.51
Modest predictability
Xtrackers SP 500 has modest predictability. Overlapping area represents the amount of predictability between Xtrackers time series from 7th of December 2023 to 4th of June 2024 and 4th of June 2024 to 1st 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 500 price movement. The serial correlation of 0.51 indicates that about 51.0% of current Xtrackers price fluctuation can be explain by its past prices.
Correlation Coefficient
0.51
Spearman Rank Test
0.61
Residual Average
0.0
Price Variance
0.16
Xtrackers SP 500 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 500.
Regressed Prices
Timeline
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