Db Gold Short Etf Profile
| DGZ Etf | USD 8.36 0.01 0.12% |
Performance0 of 100
| Odds Of DistressLess than 9
|
DB Gold is trading at 8.36 as of the 22nd of November 2024; that is 0.12% down since the beginning of the trading day. The etf's open price was 8.37. DB Gold has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for DB Gold Short are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of October 2024 and ending today, the 22nd of November 2024. Click here to learn more.
The index is intended to reflect changes in the market value of certain gold futures contracts and is comprised of a single unfunded gold futures contract. DB Gold is traded on NYSEARCA Exchange in the United States. More on DB Gold Short
Moving together with DGZ Etf
| 0.8 | ZSL | ProShares UltraShort | PairCorr |
| 0.85 | GLL | ProShares UltraShort Gold | PairCorr |
| 0.77 | GDXD | MicroSectors Gold Miners | PairCorr |
Moving against DGZ Etf
DGZ Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Precious Metals ETFs, Gold ETFs, Trading--Inverse Commodities, Deutsche Bank AG (View all Sectors) |
| Issuer | Deutsche Bank AG London |
| Inception Date | 2008-02-27 |
| Benchmark | Deutsche Bank Liquid Commodity Index - Optimum Yield Gold |
| Entity Type | Exchange-Traded Note |
| Average Trading Valume | 1,562.7 |
| Asset Type | Commodities |
| Category | Precious Metals |
| Focus | Gold |
| Market Concentration | Blended Development |
| Region | Global |
| Fiscal Year End | 30-Apr |
| Exchange | NYSE Arca, Inc. |
| Market Maker | Virtu Financial |
| Country Name | USA |
| Returns Y T D | (15.2) |
| Name | DB Gold Short ETN |
| Currency Code | USD |
| Open Figi | BBG000BW0YK9 |
| In Threey Volatility | 12.5 |
| 1y Volatility | 9.04 |
| 200 Day M A | 8.9488 |
| 50 Day M A | 8.3522 |
| Code | DGZ |
| Updated At | 22nd of November 2024 |
| Currency Name | US Dollar |
| In Threey Sharp Ratio | (0.93) |
| Type | ETF |
DB Gold Short [DGZ] is traded in USA and was established 2008-02-27. The fund is classified under Trading--Inverse Commodities category within Deutsche Bank AG family. The entity is thematically classified as Precious Metals ETFs. DB Gold Short currently have 3.41 M in assets under management (AUM). , while the total return for the last 3 years was -5.2%.
Check DB Gold Probability Of Bankruptcy
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on DGZ Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding DGZ Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as DB Gold Short Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
DB Gold Short Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in DB Gold. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (0.14) |
DB Gold Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DB Gold Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
The market value of DB Gold Short is measured differently than its book value, which is the value of DGZ that is recorded on the company's balance sheet. Investors also form their own opinion of DB Gold's value that differs from its market value or its book value, called intrinsic value, which is DB Gold's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DB Gold's market value can be influenced by many factors that don't directly affect DB Gold's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DB Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if DB Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DB Gold'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.