Xtrackers Harvest (UK) Market Value
| ASHR Etf | 10.54 0.17 1.64% |
| Symbol | Xtrackers |
Xtrackers Harvest '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 Harvest'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 Harvest.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Xtrackers Harvest on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Xtrackers Harvest CSI300 or generate 0.0% return on investment in Xtrackers Harvest over 30 days. Xtrackers Harvest is related to or competes with Xtrackers MSCI, Xtrackers FTSE, Xtrackers Russell, Xtrackers USD, Xtrackers MSCI, and Xtrackers ESG. Xtrackers Harvest is entity of United Kingdom More
Xtrackers Harvest 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 Harvest'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 Harvest CSI300 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.6 | |||
| Information Ratio | 0.0458 | |||
| Maximum Drawdown | 17.32 | |||
| Value At Risk | (4.11) | |||
| Potential Upside | 5.17 |
Xtrackers Harvest Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xtrackers Harvest's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xtrackers Harvest's standard deviation. In reality, there are many statistical measures that can use Xtrackers Harvest historical prices to predict the future Xtrackers Harvest's volatility.| Risk Adjusted Performance | 0.0795 | |||
| Jensen Alpha | 0.2229 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | 0.0498 | |||
| Treynor Ratio | 0.9603 |
Xtrackers Harvest CSI300 Backtested Returns
Xtrackers Harvest appears to be somewhat reliable, given 3 months investment horizon. Xtrackers Harvest CSI300 shows Sharpe Ratio of 0.11, which attests that the etf had a 0.11% return per unit of risk over the last 3 months. We have found thirty technical indicators for Xtrackers Harvest CSI300, which you can use to evaluate the volatility of the etf. Please utilize Xtrackers Harvest's Market Risk Adjusted Performance of 0.9703, mean deviation of 1.88, and Downside Deviation of 2.6 to validate if our risk estimates are consistent with your expectations. 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 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.
Auto-correlation | -0.49 |
Modest reverse predictability
Xtrackers Harvest CSI300 has modest reverse predictability. Overlapping area represents the amount of predictability between Xtrackers Harvest time series from 1st of November 2024 to 16th of November 2024 and 16th of November 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 Harvest CSI300 price movement. The serial correlation of -0.49 indicates that about 49.0% of current Xtrackers Harvest price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Xtrackers Harvest CSI300 lagged returns against current returns
Autocorrelation, which is Xtrackers Harvest 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 Harvest's etf expected returns. We can calculate the autocorrelation of Xtrackers Harvest returns to help us make a trade decision. For example, suppose you find that Xtrackers Harvest 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 Harvest 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 Harvest etf is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xtrackers Harvest etf is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xtrackers Harvest etf over time.
Current vs Lagged Prices |
| Timeline |
Xtrackers Harvest Lagged Returns
When evaluating Xtrackers Harvest's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xtrackers Harvest etf have on its future price. Xtrackers Harvest 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 Harvest autocorrelation shows the relationship between Xtrackers Harvest etf current value and its past values and can show if there is a momentum factor associated with investing in Xtrackers Harvest CSI300.
Regressed Prices |
| Timeline |
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.Other Information on Investing in Xtrackers Etf
Xtrackers Harvest 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 Harvest security.