Xtrackers Harvest Csi Etf Beta
| ASHR Etf | USD 27.52 0.07 0.26% |
Xtrackers Harvest CSI fundamentals help investors to digest information that contributes to Xtrackers Harvest's financial success or failures. It also enables traders to predict the movement of Xtrackers Etf. The fundamental analysis module provides a way to measure Xtrackers Harvest's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Xtrackers Harvest etf.
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Xtrackers Harvest CSI ETF Beta Analysis
Xtrackers Harvest's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Xtrackers Harvest Beta | 0.69 |
Most of Xtrackers Harvest's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Xtrackers Harvest CSI is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Xtrackers Harvest CSI has a Beta of 0.69. This is much higher than that of the Xtrackers family and significantly higher than that of the China Region category. The beta for all United States etfs is notably lower than that of the firm.
Xtrackers Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Xtrackers Harvest's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Xtrackers Harvest could also be used in its relative valuation, which is a method of valuing Xtrackers Harvest by comparing valuation metrics of similar companies.Xtrackers Harvest is currently under evaluation in beta as compared to similar ETFs.
Fund Asset Allocation for Xtrackers Harvest
The fund invests 99.82% of asset under management in tradable equity instruments, with the rest of investments concentrated in various types of exotic instruments.Asset allocation divides Xtrackers Harvest's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
As returns on the market increase, Xtrackers Harvest's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xtrackers Harvest is expected to be smaller as well.
Xtrackers Fundamentals
| Price To Earning | 14.22 X | |||
| Price To Book | 1.66 X | |||
| Price To Sales | 1.38 X | |||
| Number Of Employees | 274 | |||
| Beta | 0.69 | |||
| Total Asset | 1.57 B | |||
| One Year Return | 10.10 % | |||
| Three Year Return | (9.40) % | |||
| Five Year Return | 0.70 % | |||
| Ten Year Return | 3.60 % | |||
| Net Asset | 1.57 B | |||
| Last Dividend Paid | 0.29 | |||
| Equity Positions Weight | 99.82 % |
About Xtrackers Harvest Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Xtrackers Harvest CSI's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Xtrackers Harvest using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Xtrackers Harvest CSI based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Xtrackers Harvest
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Xtrackers Harvest position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Xtrackers Harvest will appreciate offsetting losses from the drop in the long position's value.Moving together with Xtrackers Etf
| 0.96 | KWEB | KraneShares CSI China Aggressive Push | PairCorr |
| 0.96 | FXI | iShares China Large Aggressive Push | PairCorr |
| 0.99 | GXC | SPDR SP China Potential Growth | PairCorr |
Moving against Xtrackers Etf
The ability to find closely correlated positions to Xtrackers Harvest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtrackers Harvest when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Xtrackers Harvest - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Xtrackers Harvest CSI to buy it.
The correlation of Xtrackers Harvest is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Xtrackers Harvest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtrackers Harvest CSI moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Xtrackers Harvest can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Xtrackers Harvest Piotroski F Score and Xtrackers Harvest Altman Z Score analysis. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
The market value of Xtrackers Harvest CSI is measured differently than its book value, which is the value of Xtrackers that is recorded on the company's balance sheet. Investors also form their own opinion of Xtrackers Harvest's value that differs from its market value or its book value, called intrinsic value, which is Xtrackers Harvest'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 Xtrackers Harvest's market value can be influenced by many factors that don't directly affect Xtrackers Harvest'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 Xtrackers Harvest's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xtrackers Harvest is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xtrackers Harvest'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.