Db Gold Short Etf Fundamentals
| DGZ Etf | USD 8.37 0.08 0.97% |
DB Gold Short fundamentals help investors to digest information that contributes to DB Gold's financial success or failures. It also enables traders to predict the movement of DGZ Etf. The fundamental analysis module provides a way to measure DB Gold'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 DB Gold etf.
DGZ |
DB Gold Short ETF Beta Analysis
DB Gold'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 DB Gold Beta | -0.21 |
Most of DB Gold'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, DB Gold Short 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.
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In accordance with the recently published financial statements, DB Gold Short has a Beta of -0.21. This is much lower than that of the Deutsche Bank AG family and significantly lower than that of the Trading--Inverse Commodities category. The beta for all United States etfs is notably higher than that of the company.
DGZ Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses DB Gold'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 DB Gold could also be used in its relative valuation, which is a method of valuing DB Gold by comparing valuation metrics of similar companies.DB Gold is currently under evaluation in beta as compared to similar ETFs.
As returns on the market increase, returns on owning DB Gold are expected to decrease at a much lower rate. During the bear market, DB Gold is likely to outperform the market.
DGZ Fundamentals
| Number Of Employees | 107 | |||
| Beta | -0.21 | |||
| Total Asset | 3.41 M | |||
| One Year Return | (17.10) % | |||
| Three Year Return | (6.20) % | |||
| Five Year Return | (8.10) % | |||
| Ten Year Return | (5.90) % | |||
| Net Asset | 3.41 M |
About DB Gold Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze DB Gold Short's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of DB Gold using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of DB Gold Short 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.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.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether DB Gold Short offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DB Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Db Gold Short Etf. Outlined below are crucial reports that will aid in making a well-informed decision on Db Gold Short Etf:Check out DB Gold Piotroski F Score and DB Gold Altman Z Score analysis. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
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.